- Floki (FLOKI) gained over 85% in value in the last 30 days, according to CoinGecko.
- The token is up 5.9% in 24 hours and 39.9% over 14 days but down 5.7% for the week and 26.3% over the past year.
- A recent crypto market surge, along with new pro-crypto U.S. legislation and ETF inflows, contributed to FLOKI’s rebound.
- FLOKI has reentered the top 100 projects by market cap but remains 61.6% below its all-time high of $0.0003449 set in June 2024.
- CoinCodex forecasts a possible rise to $0.0002 by September 17, but notes potential price corrections and market volatility ahead.
Floki (FLOKI) has posted a strong price rebound, rising by more than 85% in the past 30 days. As of now, the memecoin is up 5.9% on the daily charts and 39.9% over the last 14 days, data from CoinGecko shows.
Despite these recent gains, FLOKI has decreased 5.7% in the last week and is down 26.3% over the past year. The token’s rally took place as other major cryptocurrencies such as Bitcoin (BTC), XRP, and BNB reached new all-time highs earlier this month.
Industry data attributes the broader crypto surge to the passage of pro-crypto laws in the United States and increasing investments in cryptocurrency-based exchange-traded funds (ETFs). After a brief market pullback, most digital assets, including FLOKI, have climbed again.
With its recent gains, FLOKI has returned to the top 100 crypto projects by market capitalization after previously falling out due to price drops. However, it remains 61.6% below its all-time peak price of $0.0003449, which it reached in June 2024.
Analysis by CoinCodex suggests FLOKI could reach the $0.0002 level by September 17, an increase of about 50% from current prices. However, the outlook notes that price corrections and higher volatility may occur in the coming days.
Investors are expected to watch for developments at the upcoming Federal Open Market Committee (FOMC) meeting scheduled for July 29, which could influence market movements further.
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