Explore FLOKI price analysis, as Floki Inu is on the cusp of printing new 2024 highs. Also, discover why all attention is now on the viral WienerAI presale at $4.2 million raised.
Crypto is a unique technology that is here to stay. While there are “serious” platforms like Cardano and others, the wild success of top meme coins like PEPE, BONK, and FLOKI opens investors to the “fun” side of the sphere.
Viral tokens like Dogecoin and PEPE remind developers that investors will always choose fun tokens. Dogecoin enjoyed immense success after being backed by Elon Musk, inspiring other dog-themed tokens. One of them is Floki Inu.
Study supersonic speeds$FLOKI pic.twitter.com/sGEIgGwjfh
— The CryptoBull (@TheCryptoBull77) June 4, 2024
FLOKI Price Analysis: Floki Inu Soars 8% As Bulls Target Fresh 2024 Highs
The project was inspired by Elon Musk’s dog and is one of the top meme coins by the market cap. In an industry with a cumulative market cap of over $62 billion, FLOKI is in the top five.
The token has a market cap of over $2.5 billion and is the fifth most valuable coin, tracking PEPE and WIF.
However, its impressive performance on the last day caught investors’ attention.
FLOKI price is up +8%, outperforming SHIB and all other top-4 tokens.
Changing hands at $0.00026411, the token rebounded strongly from the middle BB, aligning itself with the primary trend. A double bar formation in the daily chart points to strength, confirming the bulls of May 27.
If there is high demand, lifting the token above $0.00031489, FLOKI price will register 2024 highs.
WienerAI Presale Takes Off: Over $4.2 Million Raised
While FLOKI basks in the market’s return to form, another dog-themed project, WienerAI (WAI), is enjoying massive success in its presale.
Like FLOKI, WienerAI is inspired by the success of Dogecoin and Shiba Inu, launching on Ethereum. However, it is different because of its unique backstory and fusion of AI.
As of early June 2024, the project has raised $4.2 million. WAI, the platform’s native currency, is an ERC-20 token.
The token is now available for $0.000714. Beyond its lighthearted origin story, WienerAI offers a compelling utility proposition.
The project boasts a user-friendly AI trading bot that allows traders to quickly identify trends and opportunities while also transacting smoothly without paying any fee.
Analysts believe WAI is trading at a huge discount at the current valuation. This preview is primarily because its tokenomics is designed to drive prices and boost community engagement.
30% of all tokens in circulation will be allocated to the presale, while another 20% will be distributed to stakers.
Those who don’t want to stake, missing out on the 254% APY, can receive WAI from the 20% earmarked for community rewards.
Less than two months after launching, WienerAI has over 10,000 followers on X and more than 8,000 subscribers on Telegram.
The number will only continue growing, pointing to the huge demand WAI follows across crypto; a primer for success.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
