A popular crypto analyst is bullish on a potential rival to Dogecoin (DOGE), predicting significant gains for FLOKI in the near future. Kaleo, a trader with a large following of 641,600 on X, suggests that FLOKI’s market cap could reach $10 billion, more than triple its current value.

According to Kaleo, FLOKI is showing signs of a cup-and-handle pattern, indicating a possible breakout in the near future. He points out that FLOKI is retesting its 2021 all-time high and could easily surpass $10 billion in the next upward movement.

Comparing FLOKI to another successful memecoin, Pepe (PEPE), Kaleo highlights the similarities in price patterns and narratives. He notes that FLOKI’s connection to Binance’s BNB Chain, along with the uptrend of BNB, is contributing to its success.

With a current market cap of $3.1 billion, FLOKI is trading at $0.0003182, a significant increase from $0.0000269 just four months ago. Kaleo’s analysis suggests that FLOKI has the potential for further growth in the future.

As always, it’s important for investors to conduct their own research before making any high-risk investments in cryptocurrencies. The Daily Hodl does not provide investment advice and encourages readers to be cautious with their financial decisions.