Floki Holders Are Flocking to This Crypto Casino Project – 100x Possible in 2024?
As the Floki (FLOKI) bulls eye a quick 50% rally from current levels around $0.00021 to yearly highs above $0.00031 after a key technical break, its holders are beginning to flock to a new crypto casino project called Mega Dice (DICE).
FLOKI pushed to the north of an ascending triangle pattern this week and is back above its major moving averages.
The broader crypto market has been pumping this week after soft US CPI data and on Bitcoin ETF optimism.
The softer-than-expected US inflation figures have spurred hopes that Fed rate cuts are coming later this year.
US core #inflation cools for 1st time in 6 mths in relief for Fed and financial markets. April core CPI, which excl food and energy costs, increased 0.3% from March MoM after +0.4% MoM prev month. From a year ago, it advanced 3.6% in Apr after +3.8% YoY in March. Overall… pic.twitter.com/0MzgiswrxF
— Holger Zschaepitz (@Schuldensuehner) May 15, 2024
That appeared to attract institutional investors back to spot Bitcoin ETFs in droves, with products enjoying net inflows all week.
Add into the mix 13F filings, which showed over 500 asset managers gaining exposure to Bitcoin ETFs in Q1.
It’s no wonder the market has been rallying, and meme coins like Floki have been going higher with it.
Monday’s sudden return of legendary GameStop investor Roaring Kitty has also spurred hopes that meme stock/meme coin season has returned.
FLOKI’s next upside target will be a retest of late March highs around $0.27.
Beyond that, the March all-time highs above $0.31 will come into play.
As Floki shapes up for a rally, profit-taking Floki holders are flocking to crypto casino project Mega Dice, as some suggest 100x gains are possible in 2024.
Mega Dice is a well-established crypto casino that already
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