The market condition has once again turned bearish, causing moat cryptos to witness price drops, and Floki Inu (FLOKI) isn’t an exception. To be precise, the dog-based meme coin’s value plummeted by over 10% in the last 24 hours.
FLOKI Inu drops, but the top 3 altcoins can rebound!
While FLOKI price trades at $0.000123, a few of the other altcoins make a comeback before FLOKI. Ergo, let’s take a closer look at what’s going on with these top 3 altcoins.
1. Dogecoin (DOGE)
Like Floki Inu price, Dogecoin’s price also dropped in the last 24 hours. However, the bulls stepped in during the last hour, the meme coin’s value registered a modest increase. At the time of writing, DOGE was trading at $0.32 with a market capitalization of over $47.3 billion. Technical analysis of the meme coin revealed that Dogecoin was in a consolidation phase.
The better news is that the Chaikin Money Flow (CMF) registered an uptick. This meant that buying pressure on the coin was rising, which can help kick-start a new bull run in the coming days. If that happens, then investors might as well expect DOGE to earn them 2x profit over the coming months.
Source: TradingView
2. DexBoss (DEBO)
DexBoss (DEBO) has set an initial price of $0.01 per token for its presale. The token, which is scheduled to IPO for $0.0505, intends to improve the DeFi environment by incorporating centralized exchange functions into its decentralized platform. In order to create scarcity and potential value for its clients, the project employs a deflationary strategy using the buyback-and-burn method.
Due to its limited supply and expected rise in demand, DexBoss positions itself as a competitive cryptocurrency trading option for those seeking opportunities in decentralized finance. This methodology supports the project’s goal of sustaining investor interest over time. As a result, there is a good likelihood that DEBO will perform similarly to the price of Pepe currency in the days ahead.
3. Shiba Inu (SHIB)
While Floki Inu dropped, Shiba Inu, the world’s second-largest meme coin, turned bullish. The meme coin’s price did increase marginally in the last 24 hours, making it trade at $0.0000181 with a market capitalization of over $10.71 billion.
It is interesting to note that at a time when Floki Inu price and Shiba Inu price were dropping, SHIB’s weighted sentiment improved. A rise in the metric means that bullish sentiment around a crypto is rising.
Additionally, SHIB’s exchange outflow also spiked—a clear sign of rising buying pressure, which can help Shiba Inu’s price to pump in the coming days. Ergo, this dog-based meme coin can also earn investors 2x profit.
Source: Santiment
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