Shiba Inu, Dogecoin, and Floki have exhibited strength throughout the bear market, and now they are starting to trend.
The year started on a good note for the crypto market, with Bitcoin, Ethereum, and other major cryptocurrencies surging to fresh two-month highs and the industry fully recovering from the crash precipitated by the FTX collapse last year November.
While this recovery has shown crypto’s resilience and is a sign of what is to come for the industry in the near and long term, memecoins like Dogecoin, Shiba Inu, and Floki are starting to get into the spotlight.
Floki (FLOKI), Dogecoin (DOGE), and Shiba Inu (SHIB): Why You Should Pay Attention
Shiba Inu, Floki, and Dogecoin have also rebounded with the rest of the market and seem to be gaining the bulk of the attention.
Floki and Shiba Inu have been trending on Twitter since the rebound, for example:
The strength meme coins like FLOKI, DOGE, and SHIB have exhibited is remarkable because many had wrongly assumed that memecoins will fade into oblivion during the bear market. Instead, it has been the contrary: memecoins have often rebounded the most and tend to be the most talked about due to their strong communities and social presence.
FLOKI has 420,000 holders, for example, despite being a relatively smaller meme coin compared to DOGE and SHIB. Both Dogecoin and Shiba Inu have millions of holders. These projects simply cannot die as long as their community continues to believe in them and talk about them.
A Potential Floki Catalyst You Should Pay Attention to
Finbold recently ranked Floki as one of the top memecoins to pay attention to this month: their analysis was based on factors such as Floki’s utility products like its PlayToEarn metaverse game named Valhalla and DeFi crypto locker protocol FlokiFi Locker as well as Floki’s strong community.
Floki also recently tweeted that it would be having an announcement on Tuesday, 17th of January, and this just might be a catalyst for the project:
Dear Vikings,
Set your reminder for #Floki‘s upcoming announcement! 📢
Tuesday, January 17th, at 5pm UTC
— FLOKI (@RealFlokiInu) January 12, 2023
The tweet has been viewed by over 400,000 people at the time of writing, showing strong interest in what the project has to announce as well as in the project in general.
There have been lots of speculations about what Floki’s announcement could be, but we would have to wait until the 17th to find out. Regardless of what it is, the fact remains that interest in Floki has remained strong throughout the bear market while the team continues to build.
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