Dogecoin and Floki are moving at a snail’s pace in the indices this month, with little to no price bursts. Both tokens are at the mercy of the market’s performance as their hype has fizzled out.
Meme coins thrived on buzz, making their price reach new highs in the charts. However, the two tokens have taken a U-turn, as they’re now seen as no different from the other cryptocurrencies in the market.
Also Read: Can Shiba Inu (SHIB) Reach $0.01 Before 2050?
Now that Dogecoin and Floki are on the back foot, can the two leading meme coins shed their baggage and rally in the charts? This article will provide a price prediction on how high or low Dogecoin and Floki could trade in the next 30 days.
Price Prediction For Dogecoin & Floki
Dogecoin’s Bearish Outlook
Leading on-chain metrics and price prediction firm CoinCodex has painted a bearish picture for Dogecoin. According to the forecast, DOGE could plummet by double digits in the next 30 days, leading to massive losses.
The forecast estimates DOGE to fall nearly 14% and reach the price level of $0.08. Dogecoin is currently trading at $0.10, and a 14% dip could turn an investment of $1,000 into $860.
Therefore, you are advised to avoid Dogecoin this month as it is in bearish territory.
Also Read: Myth or Reality: Can Ripple (XRP) Really Hit $30?
Floki’s Bullish Prediction
Regarding Floki’s price prediction, the leading analytical firm Changelly has painted a bullish picture for the token. Floki is currently trading at the $0.00012 mark, and the price prediction states it could reach $0.00017 next month.
That’s an uptick and a return on investment (ROI) of nearly 16% in the next 30 days. If the forecast is accurate, an investment of $1,000 could turn into $1,160.
Also Read: Shiba Inu: $8,000 Investment Turned Into $5.7 Billion in 400 Days
In conclusion, Floki could deliver profits in the next 30 days, while Dogecoin could incur losses. Floki has also been dominating social media lately, leaving Dogecoin far behind.
Credit: Source link
