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‘FLOKI Master Plan’: Crypto Analyst Predicts 2,000% Jump For The Shiba Inu Competitor

Scott Matherson
Scott Matherson
8 months ago
3 mins read
FLOKI

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Despite being in a downward trend all week, Floki (FLOKI) remains significantly bullish, according to a crypto analyst. Basing his analysis on similarities between past price movements, the analyst has outlined a master plan for Floki, predicting that the popular meme coin and Shiba Inu competitor is set for a 2,000% surge. 

Analyst Reveals The Floki Master Plan

In a recent X (formerly Twitter) post, crypto analyst, ‘Master Kenobi’ discussed Floki’s past price movements, identifying a unique recurring chart pattern that could indicate a future price spike for the cryptocurrency. The analyst predicted that if Floki can continue this recurring pattern, a massive price pump could happen around October 22. 

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FLOKI
Source: X

According to the analyst, the Viking-themed meme coin experienced a sharp rise of about 92X over 112 days starting from July 5, 2021, followed by a long decline spanning 224 days, where its price crashed by a whopping 98.5%, reaching its bottom. 

Notably, the analyst asserted that after hitting that strategic low point, Floki had entered a more structured growth phase. On the Floki chart, Kenobi also identified three periods of price consolidation represented by distinctive purple triangles with similar heights but varying lengths. 

The analyst disclosed that inside these triangles, the price behavior of Floki becomes relatively predictable, marked by a red triangle. The lower half of this red triangle is seen as the best accumulation zone for investors, reflecting the most optimal entry point for Floki’s next upward move. 

Kenobi identified a recurring pattern where Floki typically exited this triangle around October 22 each year, representing the beginning of a new phase of consolidation followed by a massive price pump. He noted that this price pump is often signaled 35 days before the formation of the aforementioned red triangle. 

Continuing on this trend, the Shiba Inu competitor experienced another 11X increase 112 days after exiting the purple triangle on October 24, 2024. Similarly, after the meme coin moved out of the purple triangle on October 24 2023, it jumped 22X in 133 days. 

Based on this recurring pattern, Kenobi has suggested that Floki’s “magical date” for a potential bullish surge is likely around October 22. The analyst has forecasted that if the pattern holds, investors should expect a price rise followed by 3 months of strong consolidation. 

A 2,000% Price Pump To $0.002

Based on Kenobi’s observations highlighted above, he predicts that Floki could either witness a 1,000% surge to new highs or a 2,100% increase. The analyst disclosed that if the first scenario in 2021 repeats, after 112 days of consolidation, Floki could see its price skyrocketing by 11X to reach $0.0011. Additionally, its market capitalization is expected to increase to above $12 billion. 

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In contrast, if the second trend pattern in 2023 occurs this year, the price of Floki could jump to $0.0023 in 133 days, marking a 22X increase and a rise in its market capitalization to $25 billion. Despite Floki declining by over 21% this past week and plummeting again by 1.29% in the last 24 hours, Kenobi has confidently stated that his bullish projections are a “perfectly achievable and realistic” goal for the meme coin, which, as of writing, is trading at $0.00013. 

FLOKI price chart from Tradingview.com (Shiba Inu)
Price struggles to hold up | Source: FLOKIUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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