While the cryptocurrency market witnesses exciting developments from time to time, remarkable predictions and strategies are also circulating among investors. Recent analyses, especially regarding the rise of meme coins, continue to attract the attention of investors. Finally, a closely followed crypto strategist suggested that FLOKI could experience a similar rise as PEPE rises.
According to the analyst, the recent rise in PEPE indicates that FLOKI, also known as the meme coin, is about to rise. This opinion, by analyst Inmortal. Inmortal states that the dog-themed meme coin Floki (FLOKI) shows a similar pattern as Pepe (PEPE). In his statement, he said, “FLOKI will follow PEPE. You know, the contagion effect.” He included his words.
The investor’s chart shared two days ago showed that PEPE could break the December high of $0.00000175. PEPE has already surpassed this level and is currently trading at $0.000003295. The chart also showed that FLOKI was on track to form a similar price pattern and rise to around $0.0000490. FLOKI has similarly surpassed this level, but has not yet rallied as big as PEPE.
The analyst also predicts a major upside for Ethereum (ETH) against Bitcoin (BTC) based on the historical price pattern.
“I don’t know how many times I’ve posted this chart, but I’m posting it again.”
NEWS CONTINUES BELOW
According to the chart, the analyst suggests that ETH/BTC formed a similar pattern in 2020, with the pair trading at the lower end of a long trading range before rising to the upper limit. The current upper limit trading range is around 0.083 BTC ($4,736).
ETH/BTC is trading at 0.05689 BTC ($3,243) at press time.
You can follow the current price movement here.
