Markets
Second round of crypto bull market ahead, with Memecoin poised to lead the pack: analyst
A widely followed crypto analyst predicts that Bitcoin (BTC) is about to take off for another bull run after hesitating for weeks.
Pseudonymous crypto trader Inmortal tell its 213,800 followers on social media platform
“It’s not hope. It is not a dream. The second round of the bull market is almost here. Grab your balls and follow the trend.
Source: Inmortal/X
The merchant said that the current market structure may appear bearish, but Bitcoin remains in a trading range and predicts that it is only a matter of time before a breakout.
“The bad news? Not a single high since the all-time high. The good news? We are still range and above the market order. What to do? In my opinion, do nothing doing is the best thing you can do right now.
Source: Inmortal/X
Bitcoin is trading at $61,765 at the time of writing, down 1.5% in the last 24 hours.
He also confirms his prediction that dog-themed crypto asset Memecoin Floki (FLOKI) will surpass the broader crypto market after financial giant VanEck’s Meme Coin Index, MarketVector, which trades under the ticker MEMECOIN, just added Floki to its portfolio.
“VanEck added FLOKI to its Memecoin Index. The suits are gearing up for round two of the bull market and it shows. I’ve been saying this for a while, but I think FLOKI will lead this cycle.
FLOKI is trading at $0.0001965 at the time of writing, up over 6% in the last 24 hours.
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