- Floki Inu outperformed Dogwifhat in terms of market cap.
- In terms of popularity on the social front, Floki took the lead.
As a seasoned crypto investor with a keen eye for the meme coin market, I’ve been closely monitoring the performance of Floki Inu (FLOKI) and Dogwifhat (WIF). While WIF gained initial hype due to its new entry, FLOKI has proven itself as a formidable competitor.
For a while now, meme coins FLOKI (Floki Inu) and WIF (Dogewhiz) have been vying for dominance in the marketplace.
As a new crypto investor entering the meme coin sector, I’m excited about the recent arrival of WIF. According to the informal traditions of this niche market, fresh faces often generate plenty of buzz and attention.
FLOKI vs. WIF
In the past day, FLOKI surpassed WIF in market capitalization. The value changes for these two tokens showed noticeable differences.
Over the last week, I’ve noticed an impressive 9.46% increase in the value of my FLOKI investment. On the other hand, my WIF holdings took a hit with a significant 18% decrease in value during the same timeframe.
The price of WIF experienced a significant drop following a lengthy phase of minimal change, during which it oscillated between $4.00 and $2.4794.
As an analyst, I’ve been observing the trend of the meme coin’s price, and based on its recent pattern, it seems likely that it will hit those heights once more before potentially undergoing a price correction.
With a Relative Strength Index (RSI) reading of 26.54 for WIF, this signifies that the asset has entered the oversold zone.
As a crypto investor observing the WIF token, I’ve noticed a significant decrease in the Chaikin Money Flow (CMF). This indicator suggests that the amount of money flowing into WIF has reduced. However, it is essential to keep in mind that other factors, such as social media volume and sentiment, can also impact WIF’s price movement.
Based on an analysis by AMBCrypto using Santiment’s data, there has been a noticeable decrease in social activity surrounding the meme token over the past few days. This reduction in buzz suggests that interest and hype for the coin may be dwindling.
The sentiment analysis for Weighted WIF revealed a decrease, indicative of a considerable increase in unfavorable remarks concerning the token within the recent timeframe.
What about FLOKI?
Instead of struggling like this, FLOKI was thriving. The social media buzz was increasing, and the sentiment analysis indicated a positive outlook, suggesting greater influence on social media at the point of observation.
Although FLOKI experienced a favorable price trend and gained popularity, it encountered several challenges during this timeframe.
Realistic or not, here’s FLOKI’s market cap in DOGE terms
The rate of expansion for FLOKI‘s network on the exchanges was decreasing, indicating a swift loss of interest among new users towards the FLOKI token.
The pace at which FLOKI exchanged assets had decreased, implying a reduction in its trading frequency.
Read More
- Top gainers and losers
- JASMY PREDICTION. JASMY cryptocurrency
- DOP PREDICTION. DOP cryptocurrency
- MOCHI PREDICTION. MOCHI cryptocurrency
- SILLY PREDICTION. SILLY cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- STOG PREDICTION. STOG cryptocurrency
- KAI PREDICTION. KAI cryptocurrency
- EUR JPY PREDICTION
- COTI PREDICTION. COTI cryptocurrency
2024-06-09 15:03