Crypto Analyst Says FLOKI Master Plan Is Invalidated, What’s Next For The Shiba Inu Competitor?

Crypto analyst Master Kenobi has provided an update on his FLOKI master plan. The analyst revealed that his initial evaluation had been invalidated and mentioned what was next for the Shiba Inu competitor with this development.

FLOKI Master Plan Invalidated But Might Be A Good Thing

Master Kenobi revealed in an X post that the FLOKI Master Plan looks to have been invalidated. Nonetheless, he believes that this is definitely excellent news slightly than bad for the Shiba Inu competitor. He went on to clarify why that is a very good thing for the meme coin, providing the reason why FLOKI is sure to thrive on this market cycle.

First, the analyst noted that the crypto world has evolved beyond DeFi, NFT, Gaming, and Metaverse narratives and is now focused on memes. In step with this, he opined that meme coins will likely be the first narrative in this bull run. He added that crypto projects seem more credible once they are simpler and embody humor, which is why he’s betting on memes, including FLOKI, to thrive on this market cycle.

Master Kenobi then mentioned that FLOKI has caught his attention with just a few key features. He alluded to the indisputable fact that the meme coin is the foremost meme within the BNB ecosystem while remarking that BNB is the one blockchain infrastructure that’s “genuinely evolving.”

Elements Of The Meme Coin That Are Eye-Catching

The primary aspect that the analyst identified is FLOKI’s repetitive chart pattern. The second Master Kenobi mentioned is that the Shiba Inu competitor looks to be one in all the strongest meme coins on the Binance chain, if not the strongest one. He cited the meme craze on Solana and the way it helped elevate its ecosystem.

The analyst believes something similar goes to play out on the BNB chain. He remarked that BNB cannot afford to lose its position to SOL by way of market cap. He added that BNB is well-placed to take care of its position over SOl since Binance stays the leading centralized exchange (CEX).

Nonetheless, Master Kenobi noted that BNB may also need a flagship meme, which is where FLOKI is available in. He believes Binance has seen the necessity for a flagship meme coin, which is why it supports just a few meme projects, including FLOKI.

With a dedicated team, a game ready for launch, and a $1.25 billion market cap coupled with Binance’s support, the analyst remarked that the Shiba Inu competitor has all of the “ingredients” to develop into a start in the following bull market.

Source: X

As a part of his earlier FLOKI Master Plan, Master Kenobi had predicted that the meme coin would likely enjoy a price explosion on October 21. He said one reason why that didn’t occur could possibly be due to the upcoming bull market, where “maximum volatility and unpredictability are preferred.” The analyst further predicted that the FLOKI price explosion might occur around mid-December, together with the Dogecoin and altcoins explosion.