FLOKI Master Plan Invalidated But Might Be A Good Thing, Says Crypto Analyst Master Kenobi

Master Kenobi revealed in an X post that the FLOKI Master Plan looks to have been invalidated. However, he believes that this is actually good news rather than bad for the Shiba Inu competitor.

Crypto analyst Master Kenobi has shared an update on his FLOKI master plan. The analyst disclosed that his initial analysis was invalidated and stated what’s next for the Shiba Inu competitor with this development.

FLOKI Master Plan Invalidated But Might Be A Good Thing

Master Kenobi stated in an X post that the FLOKI Master Plan appears to have been invalidated. However, he feels that this is good news for the Shiba Inu competitor rather than bad. He proceeded to explain why this is a positive development for the meme coin, stating reasons why FLOKI is bound to do well in this market cycle.

Firstly, the analyst observed that the crypto space has moved on from the DeFi, NFT, Gaming, and Metaverse narratives and is now focused on memes. In line with this, he opined that meme coins will be the main narrative in this bull run. He added that crypto projects appear to be more believable when they are simpler and embody humor, which is why he’s banking on memes, including FLOKI, to do well in this market cycle.

Master Kenobi then noted that FLOKI has caught his attention with a few key points. He hinted at the fact that the meme coin is the biggest meme in the BNB ecosystem while stating that BNB is the only blockchain infrastructure that is “really evolving.”

Aspects Of The Meme Coin That Are Eye-Catching

The first point that the analyst highlighted is FLOKI’s repetitive chart pattern. The second point that Master Kenobi mentioned is that the Shiba Inu competitor appears to be one of the strongest meme coins on the Binance chain, if not the strongest one. He pointed to the meme craze on Solana and how it helped to boost its ecosystem.

The analyst feels that something similar is going to play out on the BNB chain. He stated that BNB can’t afford to lose its position to SOL in terms of market capitalization. He added that BNB is well-positioned to maintain its standing over SOL since Binance is still the number one centralized exchange (CEX).

However, Master Kenobi noted that BNB will also need a flagship meme, which is where FLOKI comes in. He feels Binance realized the need for a flagship meme coin, which is why it supports a few meme projects, including FLOKI.

Related Reading: Shiba Inu Price Movements: Here’s How Many Holders Are Now In Profit/Loss After That Sharp Drop

With a dedicated team, a game set to launch, and a $1.25 billion market cap coupled with Binance’s support, the analyst stated that the Shiba Inu competitor has all the “ingredients” to become a starter in the next bull market.

As part of his earlier FLOKI Master Plan, Master Kenobi had predicted that the meme coin would likely experience a price explosion on October 21. He mentioned that one reason why that didn’t happen could be because of the pending bull market, where “maximum volatility and unpredictability are to be preferred.” The analyst went on to predict that the FLOKI price explosion might happen around mid-December, together with the Dogecoin and altcoins explosion.

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