The meme coins are the hottest crypto picks right now, with Dogecoin leading the way and the Floki price following along nicely. Investors who held either three weeks ago are laughing all the way to the Lambo dealership now, but it may be too late to get into these meme coins. One also has to ask how long the resurgent meme coin market can sustain itself before it all comes crashing down. Meme coins are a gamble, but the new online gambling dApp Rollblock is not. It’s the hottest crypto casino on the internet, and its presale is a sure thing.
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Dogecoin is one of the biggest winners of this bull run, returning 250% on the 30-day candle. It is by far the hottest crypto right now, but how long can Doge keep this up for?
The incredible Doge price is driven by the generally positive market sentiment and Elon Musk with his foot in the White House. Musk has long been a Doge fan, and many holders are banking on Elon driving Doge to Mars. In Musk’s case, maybe even literally. However, Musk has a massive task ahead of him in the Department of Government Efficiency (aptly named DoGE). Musk may not have the time or inclination to play fanboy to Dogecoin. With nothing but market sentiment and Musk’s celebrity endorsement to keep it up, Dogecoin will fall again to pre-bull run levels.
The Floki price has surprised many detractors as the sixth-ranked meme coin is gaining a second life. In February, the Floki Inu price was so low that it was worth nothing. Then the Floki price shot upwards to a new ATH before falling in typical meme con fashion.
But the Floki price flipped the script and charted a second ATH in June. And now, the Floki price is headed for its third ATH this year. This can lead to a lot of FOMO, but the same questions need to be asked: what is holding Floki up besides market sentiment? The answer is nothing, and once the bull run ends, so will Floki’s golden days. The high Floki price is not a buy call; it is a sell call.
Investors in Floki and Doge will be well advised to reinvest their profits in a token with staying power. The Floki price is not sustainable, and the crash could come at any minute and take the Doge price with it. Don’t gamble with tokens with nothing to back them up, not when the hottest crypto is Rollblock, the best online gambling platform yet developed.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.