The beloved Ethereum and Binance doge meme coin had its first big run in 2021, peaking at moon prices in November that year just as the Shiba Inu price rally reached lunar space.
Floki (FLOKI) has had an incredible year in 2024, delivering meme coin investors an astounding 700% rally. Despite trading at less than half its recent highs, FLOKI prices are still significantly higher than a year ago.
In September 2024, FLOKI prices have surged by 700% compared to prices a year ago, even though the token is trading at less than half its recent highs in March and June.
Those who purchased FLOKI a year ago at $0.000016 a token would have seen their investment multiply by almost 10X. However, those who bought the token at Friday's price of $0.00013 would have paid almost a tenth of the price.
Seasoned meme coin traders would have recognized FLOKI as a strong candidate to add to their portfolios, especially before the next major upswing in crypto market prices.
As a general rule, when Bitcoin and Ether go up by 1%, popular meme coins often go up by 10%. Similarly, when the big dogs go up by 10%, coins like FLOKI and this year's new gem, FLOCK, tend to go up by 25%, 50%, and 90%.
However, it's important to note that these markets are highly liquid and operate next to vast amounts of roiling blockchain capital, which can lead to fast and volatile movements.
In other words, it's a double-edged sword. When BTC and ETH drop by 1%, today's new price for memes can end up 10% lower than yesterday's.
This is why experienced participants in these markets often caution new meme coin traders to do their best to be informed about the nature of the meme altcoin market and the broader crypto markets and their cyclical patterns.
Floki (FLOKI) has largely avoided a multi-month sideways trend in 2024 (although it did keep better pace with purchasing power inflation than your dollar during that Floki “winter”).
After surging to life in February, Floki went on to eclipse its previous all time highs for a 1,665% gain by its all time record price of $0.00031 on the anniversary of D-Day this year.
Any of last year's prescient buyers— winners with some extra money to save who picked a tight spot to park it— who bailed out of Floki in June 16X'd their money.
That's: every $1,000 put in a year ago gave them back a Certified Pre-Owned Toyota Corolla. Now isn't that better than paying $16,000 out the door for the car and 2.9% financing for the loan?
How Could An Extra $16,000 Change Your Life?
The flock-themed Flockerz meme economy is aiming to do it all over again for meme coin traders in 2025, starting with its 2024 presale this summer.
Flockerz’s FLOCK tokens are a limited-run mint of tokenomically scarce meme assets that build value as Web3 markets respond to this meme coin's nicely arranged incentives.
FLOCK offers users a high yield staking pool, vote-to-earn governance with each token, and a very special Early Bird voting pool…
Early Bird tokens make up 20% of the FLOCK pool and are available for a limited time at a very low, fixed, pre-market sale price to reward early backers for helping get this meme coin off the ground. You’ll need MetaMask on desktop and BestWallet on mobile to store your keys.
Get FLOCK in PRESALE.
The above is the detailed content of Floki Inu (FLOKI) Rallies 700% in 2024, FLOCK Presale Rounds Key Milestone. For more information, please follow other related articles on the PHP Chinese website!