Floki's (CRYPTO: FLOKI) rally prompted traders to foresee more upside for the meme coin, which is riding on the Ethereum ETF hype.
What Happened: Global fintech company Revolut has announced an exclusive Floki Learn Course. More than 45 million users of RevolutApp will have the opportunity to explore the thriving FLOKI ecosystem and its DAO-powered utility token. It plans to provide lessons and quizzes for a better understanding of the meme coin community.
Crypto trader Scofield noted that Floki has the strongest fundamentals but also has the strongest catalysts. He sees Floki as the main meme coin of this bull run. The trader also notified the crypto community about a key Floki marketing announcement coming on July 17, saying, "Get ready for fireworks!"
Coingecko data shows Floki's past gains in the past 24 hours stand at 15.6%, chasing Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), Pepe (CRYPTO: PEPE), Dogwifhat (CRYPTO: WIF) and Bonk (CRYPTO: BONK) gains, which stand at 5.4%, 4.3%, 11.2%, 8.4% and 5.1%, respectively.
Also Read: This Dog Coin Is Entering A Zone Of 'Very Attractive Valuations,' Says Trader...And It's Not SHIB, DOGE
Why It Matters: Crypto trader Jelle noted that with the ETF hype, Floki is well-positioned to take advantage.
With the ETF hype, my sponsors $FLOKI are well-positioned to take advantage.
— Jelle (@CryptoJelleNL) July 15, 2024
One of the biggest memecoins on ETH. Once ETHA starts moving, so should Floki.
Let's roll pic.twitter.com/tMLOIPHvbZ
Another crypto trader, Unipics aka Bonk Guy, noted in his latest post that Floki is doing a good job as a beta. Along similar lines, heavily followed crypto trader Shelby highlighted that with the BNB chain grabbing the spotlight and outperforming Ethereum and Solana, betting on Floki will be the best BNB beta and the largest meme coin on the BNB chain.
Crypto trader Sanchez tweeted a bullish outlook for the meme coin.
$FLOKI high tf count and zoomed in a little. Looking good across multiple timeframes and if recent lows hold think it pumps hard over the coming months pic.twitter.com/wJ0YFIknlt
— Sanchez (@Sanchez_Charts) July 15, 2024
What's Next: The influence of meme coins Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
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