Crypto Analyst Who Called Dogecoin Price Surge Above $0.4 Says This Meme Coin Will Follow DOGE
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Crypto analyst Unipcs (Bonk Guy) has predicted the next meme coin that will replicate the recent Dogecoin price rally. The analyst rightly called the Dogecoin surge above $0.4 while predicting that the foremost meme coin could still reach $1.
FLOKI Is The Next Meme Coin To Follow Dogecoin Price
In an X post, The Bonk Guy stated that FLOKI would be the next meme coin to follow the Dogecoin price. He explained that FLOKI’s chart has historically mirrored the DOGE chart, which indicates that it shouldn’t be long before it replicates the Dogecoin price rally of almost 150% in the last seven days.
The Dogecoin price has added almost $40 billion to its market cap during this period. Meanwhile, Bonk Guy noted that FLOKI is still a fraction of DOGE’s market cap and has barely moved. However, the crypto analyst suggested that FLOKI’s rally could happen unexpectedly and catch many market participants unaware.
He noted how he predicted the Dogecoin price rally for weeks and kept getting ignored until the explosive move finally happened. As such, the crypto analyst believes that market participants should position themselves now instead of waiting for the explosive move to begin and then start scrambling for a late entry.
Bonk Guy is confident that the Dogecoin price could rise higher from its current level. However, he suggested that betting on FLOKI might be a better bet. He claimed that historically, betting on betas has resulted in a lot more upside in a bull run and in a parabolic trend like the one that is happening right now. The crypto analyst also mentioned BONK and D.O.G.E as the two other doge betas that investors should consider betting on.
BONK Will Also DOGE Follow Soon Enough
Bonk Guy also provided a bullish outlook for BONK, predicting that the Solana meme coin will soon follow the Dogecoin price. He remarked that many are taking for granted the fact that BONK is the only other meme coin listed on Coinbase besides Dogecoin and Shiba Inu. He added that it is also the only new meme coin on the platform.
This is significant since BONK could get a lot of exposure on Coinbase, which could lead to massive adoption. Bonk Guy also highlighted the fact that BONK is the only meme coin with an Exchange-Traded Product (ETP). That is another factor that could boost the meme coin’s adoption, especially among institutional investors.
The Solana meme coin already looks well primed for this rally, as Bonk Guy revealed that it just broke out of a one-year consolidation pattern. Therefore, higher prices may be imminent, with the meme coin mirroring the Dogecoin price rally. In line with this, the analyst opined that BONK will pull the “mother of all rallies and liquidate an extraordinary amount of shorts very soon.”
Featured image created with Dall.E, chart from Tradingview.com
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