Crypto analyst Javon Marks just spotlighted FLOKI as a cryptocurrency that would gain growth. In a post on X, Marks stated that FLOKI could be in for a big run, predicting a gain of over 96% following a confirmed Hidden Bull Divergence.
As Marks noted, breaking through $0.0002761498 is expected to pave the way for even more impressive gains, with the next key level at $0.0005467298. This implies an additional 90% upside from that point.
FLOKI has already been making waves in the crypto market, experiencing a 17.53% price increase over the past 7 days. This upswing was because of some very positive technicals, new strategic partnerships, and an upcoming airdrop announcement. Every one of these factors, when it comes together, indicates that token is among the best-performing cryptocurrencies at this moment and attracts the largest attention from investors and enthusiasts.
Binance Backs FLOKI Airdrop
The largest crypto exchange in the world, Binance, has gotten behind the coming airdrop of Simon’s Cat token (CAT), which all FLOKI holders would be participating in. Binance will be snapping coin holdings starting from August 29, 2024, to determine eligibility for airdrops. Approximately 3.5% of the total circulating supply will be dropped, making an estimate of around 315 billion CAT tokens, to holders with at least 400,000 tokens on FLOKI.
The Floki team has made this decision in a strategic way so as not to compromise their community through a sale. Originally, a second presale of Simon’s Cat tokens was intended to take place, but sophisticated bot attacks spoiled the event, resulting in apprehensions about the fairness and safety of the operation.
The team has thus taken it upon themselves to turn this into a free airdrop for qualifying users. In achieving this, token will remunerate the Simon’s Cat team an amount totaling $223,815.20, which is the equivalent of what would have been paid out during the presale.
This announcement was well received by the community and actually had been creating more trust in the project, hence boosting confidence in the future prospects of the coin. A strong response to the airdrop announcement meant more FLOKI growth for the long-term future.
The meme coin still garners much attention, with the recent developments along with the airdrop that is just around the corner, setting it up for a possible surge in the near future. Investors and enthusiasts are following FLOKI very closely, and some expectations have already been set that the token could be a potential frontrunner in the near future.
