Memecoin ‘Contagion’ Will Unfold to One Dogecoin Rival, Says Crypto Dealer – Right here’s What He Means

20 views 2:32 pm 0 Comments February 28, 2024


A intently adopted crypto strategist believes that one memecoin’s newest rally signifies a Dogecoin (DOGE) rival is about to soar.

Pseudonymous analyst Inmortal tells his 206,500 followers on the social media platform X that dog-themed crypto asset Floki (FLOKI) is displaying an identical sample as DOGE rival Pepe (PEPE) earlier than its current rally.

“FLOKI will observe PEPE. You understand, contagion.”

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Supply: Inmortal/X

The dealer’s chart means that PEPE may quickly break via its December excessive of round $0.00000175. The chart additionally reveals that FLOKI is on observe to print an identical value sample and rally previous its December excessive to round $0.0000490

FLOKI is buying and selling for $0.0000512 at time of writing, up greater than 18% within the final 24 hours, whereas PEPE is buying and selling for $0.00000264, up greater than 46% within the final 24 hours.

The dealer can be predicting an enormous rally for Ethereum (ETH) towards Bitcoin (BTC) based mostly on a historic value sample.

“I don’t know what number of occasions I’ve posted this chart, however I’m posting it once more.”

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Supply: Inmortal/X

his chart, the dealer means that ETH/BTC is forming an identical sample in 2020 when the pair traded on the decrease sure of a prolonged buying and selling vary earlier than rallying to the higher sure. The present higher sure buying and selling vary is round 0.083 BTC ($4,736).

ETH/BTC is buying and selling for 0.05689 BTC ($3,243) at time of writing, down greater than 2% within the final 24 hours.

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