The growing speculation surrounding a potential presidential pardon for Sam Bankman-Fried (SBF) has been fueled by high-profile figures and shifting political tides. A major Trump ally, Elon Musk, for one, will be “shocked” if US President Joe Biden does not grant an early pardon to the disgraced former CEO of FTX. Crypto, Politics, and Pardons Bankman-Fried, who was convicted in November 2023 on seven charges, including fraud and embezzlement, is currently serving a 25-year sentence for his role in the collapse of the cryptocurrency exchange. However, rumors of a pardon have gained traction, partly due to his significant political connections. As one of the largest donors to the Democratic Party, Bankman-Fried’s ties to key political figures, particularly Biden, have led many to wonder whether his political influence could play a role in securing a pardon. Speculation surrounding the possibility of clemency gained additional attention following comments from Musk, who tweeted that he would be “shocked if this doesn’t happen.” This statement aligns with shifting predictions on platforms like Polymarket, where odds for a potential pardon surged from 4% to 13%, indicating a growing belief that SBF’s ties to political elites might influence his fate. SBF’s trajectory from crypto wunderkind to convicted fraudster has been one of the most dramatic downfalls in recent financial history. At his peak, he was hailed as a leading figure in the industry, having founded FTX in 2019 and quickly built it into one of the world’s largest exchanges. He cultivated a public persona as a tech innovator with a commitment to social causes that earned him widespread recognition beyond the crypto circles. His political contributions were massive, with over $5 million donated to Biden’s 2020 campaign and nearly all his donations directed toward Democrats. However, the collapse of FTX in late 2022 exposed a $8 billion hole in customer funds that sent shockwaves through the financial world. While the legal case against him resulted in a conviction, some continue to speculate that a presidential pardon could allow the Biden administration to move on from the scandal. Ross Ulbricht’s Fate Still Unclear Meanwhile, the odds of Biden pardoning Ross Ulbricht, creator of the Silk Road marketplace, currently stands at 9%. However, Ulbricht could see freedom under Donald Trump’s presidency after the president-elect pledged to pardon him earlier this year. Ulbricht was convicted in 2015 on multiple charges, including drug trafficking and money laundering, and sentenced to life in prison. While libertarian and crypto advocates see him as a symbol of free trade and argue his punishment is unjust, critics highlight Silk Road’s links to drug overdoses and allegations that Ulbricht plotted murders to protect his platform. The Silk Road, active between 2011 and 2013, pioneered anonymous online trading using Bitcoin and Tor. Ulbricht’s mother, Lyn, led a high-profile campaign to reduce her son’s sentence, attracting widespread public support. The post Elon Musk: ‘Shocked’ If Biden Doesn’t Pardon SBF Amid Rising Rumors appeared first on CryptoPotato .
Arthur Hayes transferred millions worth of altcoins to Binance. Hayes anticipates market volatility following Trump's inauguration. Continue Reading: Arthur Hayes Transfers Millions of Dollars Worth of Altcoins to Binance The post Arthur Hayes Transfers Millions of Dollars Worth of Altcoins to Binance appeared first on COINTURK NEWS .
Key takeaways : Bittensor price predictions anticipate a high of $727 by the end of 2024. In 2027, TAO will range between $1,076 and $1,319, with an average price of $1,115. In 2030, TAO will range between $3,563 and $4,080, with an average price of $3,660. Bittensor is a decentralized artificial intelligence-based network that integrates blockchain technology with AI. It uses Proof of Learning (PoL) to ensure nodes provide reliable AI models while protecting user privacy. Its cross-chain compatibility and native token expand the decentralized AI ecosystem’s use cases, TAO, which encourages cooperation. The PoL consensus method TAO uses is revolutionary because it guarantees that only nodes with successful artificial intelligence models receive rewards. It promotes the growth of capable artificial intelligence technology inside the network and upholds high performance. Bittensor uses its cryptocurrency token, TAO, to encourage node operators and AI developers. Because of the token economy, the network’s community is more vibrant and engaged, encouraging creativity and teamwork. What next for the artificial intelligence-based decentralized machine learning network Bittensor and its token TAO in the remainder of 2024 and beyond? Let’s get into the TAO price prediction and technical analysis. Overview Cryptocurrency Bittensor Ticker TAO Current price $442.37 Market cap $3.38B Trading volume $212.51M Circulating supply 7.38M TAO All-time low $30.83 on May 14, 2023 All-time high $757.60 on Mar 07, 2024 24-hour low $466.22 24-hour high $439.69 TAO price prediction: Technical analysis Metric Value Volatility (30-day variation) 10.19% 50-day SMA $ 521.95 200-day SMA $ 428.16 Sentiment Neutral Fear and greed index 80 (Extreme Greed) Green days 17/30 (57%) Bittensor price analysis: Bittensor devalues to $442.37 amidst bearish slide TL;DR Breakdown : Bittensor price analysis confirmed a downtrend at $442.37. Cryptocurrency lost up to 2.63% of value from its previous close. TAO coin prices are targeting next resistance around $742.74. On December 23, 2024, Bittensor price analysis confirmed a downward trend for the cryptocurrency. Coin value has dropped down to $442.37, low amidst the growing bearish tide. Moreover, the cryptocurrency lost a major 2.63 percent of its value over the day. This creates negative circumstances for the investors, as the cryptocurrency is facing bearish resistance. TAO/USD 1-day chart analysis The one-day price chart of Bittensor coin revealed a declining market trend for the currency. TAO/USD value has deteriorated to a $442.37 low in the past 24 hours. However, as the volatility is expanding, this signals high chances of reversal in the current market trends. The distance between the Bollinger bands determines the market volatility. As this distance is widening rapidly, this marks an increasing volatility. Moreover, the upper limit of the Bollinger Bands indicator, acting as the resistance band, has shifted to $742.74. Whereas, its lower limit, serving as the support band, has moved to $391.86. TAO/USD 1-day price chart The Relative Strength Index (RSI) indicator is present close to the oversold region. Its value has receded to index 34.10 following the bearish slide. The continual descending slope on the indicator’s graph signifies a negative market sentiment. The selling activities remained considerably high since the past few weeks, resulting in a massive downside. TAO/USD 4-hour chart analysis The four-hour price analysis of Bittensor coin confirmed a decreasing market trend. Bittensor coin value has depreciated to $442.375, low amidst the growing bearish momentum. Considering the downswing, the cryptocurrency value now lies below its moving average. The Bollinger bands are widening, leading to an increasing volatility. This increase in the volatility levels signals a relatively higher market unpredictability for the coming hours. Moving on, the upper Bollinger band, serving as the resistance, has shifted to $499.823. Conversely, the lower Bollinger band, acting as the support, has moved to $420.063. TAO/USD 4-hour price chart The RSI indicator is present within the neutral area. Currently at 40.78 and still moving downward, this indicates a rising bearish pressure. The decreasing curve on the RSI graph confirms a downward swing. The selling activities remained high during the day, leading to an imbalanced trading environment. Bittensor technical indicators: Levels and actions Daily simple moving average (SMA) Period Value ($) Action SMA 3 633.23 SELL SMA 5 633.70 SELL SMA 10 574.90 BUY SMA 21 538.62 BUY SMA 50 521.95 BUY SMA 100 469.01 BUY SMA 200 428.16 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 544.89 BUY EMA 5 544.80 BUY EMA 10 557.86 BUY EMA 21 555.96 BUY EMA 50 493.79 BUY EMA 100 433.15 BUY EMA 200 396.59 BUY Is Bittensor TAO a good investment? TAO is a coin with utility that continues to trade higher, indicating growing adoption among crypto investors. Despite this, the coin faces uncertainties and volatility as all other cryptocurrencies. Our Cryptopolitan price prediction explores its expected movements from 2024 to 2030. What can we expect from Bittensor price analysis next? Bittensor price analysis gives out a highly bearish prediction regarding the ongoing market events. TAO/USD value has dropped down to a $442.375 low over the past 24 hours. Side by side, the cryptocurrency has lost up to 2.63 percent of its value during the day. The overall market sentiment is negative, as the bears have been ruling the market for the past few weeks. Technical indicators, as well as the price charts, are giving out a bearish verdict with respect to the current market trends. Why is TAO down? TAO has been decreasing rapidly for the past 24 hours. The coin has decreased to $442.375 amidst rising selling activity, which triggered a massive descent. Bittensor lost substantial value amidst growing sellers’ pressure in the past few hours. Will Bittensor reach $500? Yes, Bittensor should rise above $500 in 2025. Its price will range between $590.53 and $713.91 during that period. Will Bittensor reach $1000? Yes, Bittensor should rise above $1000 in 2027. Its price will range between $1,188 and $1,437 during that period. Will Bittensor reach $5000? Per the Cryptopolitan price prediction, Bittensor TAO prices are unlikely to reach $5000 before 2030. Does Bittensor have a good long-term future? According to Cryptopolitan price predictions, Bittensor TAO will trade higher in years to come. However, factors like market crashes or difficult regulations could invalidate this bullish theory. Recent news/ opinions on Bittensor TAO.BOT has launched dTAO (dynamic TAO), a system designed to change the distribution process of Bittensor resources. The automated system aims to enhance transparency and efficiency, better facilitating the top-performing subnets. According to the updates, the mechanism will be market-driven and decentralized. 📈 What’s dTAO and why is everyone talking about it? Dynamic TAO (dTAO) changes how Bittensor $TAO distributes its resources. Today, validators and manual decisions decide how things work—soon, it'll be automated and driven by market demand. This means more fairness, more… pic.twitter.com/93PQGGxWxO — tao.bot (τ, τ) (@taodotbot) December 2, 2024 Bittensor price prediction December 2024 A break of resistance will result in a mini bull run, with the next target at $750. This month, it will average at $549, and in a bearish scenario, TAO could drop to $439 at its lowest. Month Potential low ($) Potential average ($) Potential high ($) December 439 549 750 Bittensor price prediction 2024 The technical indicators are bullish on TAO in the second half of 2024. It is anticipated to trade between $430 and $727, which is quite near the current Bittensor price, with an average price of $555. Year Potential low ($) Potential average ($) Potential high ($) 2024 430 555 727 Bittensor price predictions 2025-2030 Year Potential low ($) Potential average ($) Potential high ($) 2025 $519.50 $538.39 $642.76 2026 $753.25 $774.78 $893.17 2027 $1,076 $1,115 $1,319 2028 $1,560 $1,604 $1,902 2029 $2,359 $2,423 $2,712 2030 $3,563 $3,660 $4,080 Bittensor price prediction 2025 The Bittensor price forecast for 2025 sets the high at $642.76 as the Bittensor market revives. The lowest price of TAO for the year will be $519.50, and the average price will be $538.39. Bittensor price prediction 2026 TAO is expected to experience more bullish momentum in 2026. According to the Bittensor forecast, it will range between $753.25 and $893.17, with an average price of $774.78. Bittensor price prediction 2027 The Bittensor price prediction climbs even higher in 2027; experts suggest the coin’s price will range between $1,076 and $1,319, with an average price of $1,115, as per TAO price forecast. Bittensor TAO price prediction 2028 The Bittensor price prediction suggests further accelerating TAO’s growth by 2028. According to the TAO’s price prediction, the token price will range between a minimum Bittensor’s price of $1,560 and a maximum price of $1,902. The average price for the year will be $1,604. Bittensor price prediction 2029 According to the Bittensor price forecast for 2029, the TAO price will reach a maximum and minimum of $2,359 and $2,712, respectively, with a year-round average price of Bittensor of $2,423. Bittensor crypto price prediction 2030 The Bittensor price prediction for 2030 indicates a price range of $3,563 and $4,080 and an average price of $3,660. TAO price prediction 2024 – 2030 TAO market price prediction: Analysts TAO price forecast Platform 2024 2025 Digitalcoinprice $659.23 $767.90 Coincodex $ 756.20 $ 1,448.03 Cryptopolitan’s Bittensor (TAO) price prediction At current levels, TAO presents the potential to be bullish. According to our predictions, TAO could achieve a high of $727 in the second half of 2024. In 2025, it’s expected to maintain a trading range of $519.50 – $642.76, with an average of $538.39. Note the predictions are not investment advice. Seek independent professional consultation or do your research. Bittensor (TAO) historic price sentiment TAO price history The TAO token was launched by Bittensor network on March 6, 2023, with an opening price of $93.4. Within one week of its launch, TAO dipped below its opening price to the $76 range. By the start of April 2024, TAO lost 50% of its value as its price stepped down to $47. In May, TAO stepped further down to $30.83 (the lowest value) but started to recover slowly, reaching only $63 by the end of the month. In July 2024, TAO recovered up to $86.18, just shy of its opening price, before dipping again. TAO traded in the nearly $54 range till October, after which it started to spike. Finally, in November 2023, TAO reached the $95 range and peaked at $379 on December 15. TAO remained in a downtrend till mid-January 2024 before spiking to an all-time high of $757.60 on March 7, 2024, its highest price paid. By April 2024, Bittensor TAO lost almost 25% of its value again by dipping to $522. For May, June, and July, the token continued covering a range downward while making small spikes in between, reaching $216 at the start of July. TAO jumped to $357 on July 19, while slipping back to $281 by the end of August, 2024. While, the coin traded near $265 range at the start of September. In October 2024, Bittensor (TAO) rose till the $660 range before closing at $468. In November, TAO rose to a high of $679, and after a slight correction it is trading near $621 mark. on December 3, 2024.
MicroStrategy Inc (NASDAQ: MSTR ) announced another Bitcoin ( BTC ) purchase on December 23 at an average price of $106,662. This marks an announcement made at a price below the dollar-cost average, signaling a buy at Bitcoin’s local top. Nevertheless, the company is still profitable with its Bitcoin portfolio, and MSTR’s stock steadily sustains a premium against its holdings. According to Michael Saylor ’s announcement , MicroStrategy has acquired 444,262 BTC at an average cost of $62,257. This most recent purchase was of 5,262 BTC for $561 million and MicroStrategy’s lowest disclosed buy since July 2024. On that note, the economist and known Bitcoin critic Peter Schiff has commented on X, highlighting a “firepower” loss. Schiff has been commenting against Saylor’s Bitcoin strategy for a while, as Finbold reported in one occasion. “It seems like you are running out of firepower to keep propping up Bitcoin. Plus, not only is this your smallest buy, but the first time your average purchase price has been above the market price on the Monday you disclosed the buy.” – Peter Schiff MicroStrategy’s lowest Bitcoin buy at the top Interestingly, this recent purchase is approximately three times lower than the previous purchase at $100,000, announced on December 16. Moreover, it is nearly four times lower than the one before that, announced on December 9, as Lookonchain analyzed . The purchases were of 5,262, 15,350, and 21,550 BTC, respectively. In November, MicroStrategy made two buys superior to 50,000 BTC , or nearly ten times higher than last week’s acquisition. MicroStrategy Bitcoin acquisitions. Source: Lookonchain Novacula Occami, former Wall Street analyst, also commented on Michael Saylor’s strategy, explaining it relies on two pillars. First, Saylor buys when “numbers go up,” the analyst said, and then on “exciting the less sophisticated herd,” he concluded. Essentially, Occami believes the purchases are always made when Bitcoin shows strong momentum, usually amid a rally. This is supposedly done to attract retail traders with positive sentiment regarding BTC and MSTR. MSTR stock and Bitcoin (BTC) price analysis Indeed, MSTR stock is trading at $344.27, with a market capitalization that is two times higher than its Bitcoin holdings, making it a 100% premium against usual BTC investments for investors who want Bitcoin exposure through MicroStrategy. Meanwhile, BTC is trading at $93,113, at a 12% discount from Saylor’s most recent average Bitcoin acquisition price. Bitcoin (BTC) price vs. MicroStrategy (NASDAQ: MSTR) stock price. Source: TradingView / Finbold / Vini Barbosa Looking at Bitcoin’s chart, we can see that, after every MicroStrategy purchase, BTC experienced an aggressive drop below the average. This validates the two analysts’ criticisms regarding Michael Saylor’s Bitcoin strategy, which now experiences one of the longest recent drawbacks. However, it is notable that the company’s high time frame results are still massively positive, accumulating an unrealized profit of nearly $15 billion. Featured image from Shutterstock. The post MicroStrategy buys Bitcoin price top at $106k, already down 12% appeared first on Finbold .
Hyperliquid Labs denies DPRK wallet exploit allegations and reassures users of fund safety as HYPE token rebounds after a 25% drop. The post Hyperliquid Labs addresses reports of North Korean-linked activity on its protocol appeared first on Crypto Briefing .
Senator Ted Cruz wants Texas to be a global leader in cryptocurrency, seeing Bitcoin as a symbol of freedom. Ted supports crypto-friendly laws, runs mining rigs in West Texas, and opposes strict federal rules. With Texas already growing in crypto, Cruz believes it can lead the digital revolution. Senator Ted Cruz is one of the most passionate senators about Bitcoin and cryptocurrency. He wants Texas to be the center of crypto innovation, as he always expressed his vision wherever possible. Cruz views Bitcoin as more than just a currency or an asset he sees it as a symbol of freedom, decentralization, and independence, which Texas has always embraced. Ted Cruz’s vision for Texas as a crypto leader “We are also going to unleash crypto I’m proud to stand with crypto I’m proud to stand with Bitcoin and I am the only member of the United States Senate who is in fact a Bitcoin minor,” Cruz statements at America Fest 2024 by Turning Point USA in Phoenix, Arizona. Cruz’s stands for cryptocurrency just goes beyond words. He has made it clear through his actions, that he is fully invested in the success of Bitcoin, and awaiting the Bitcoin Reserve setup. He operates three Bitcoin mining facilities in West Texas, demonstrating his strong commitment to Bitcoin and his vision of transforming Texas into a crypto hub. “I am a strong advocate for Bitcoin and cryptocurrency in the U.S. Senate,” Cruz declared, emphasizing his goal to transform Texas into the global leader for Bitcoin. For Cruz, Texas is the perfect place for Bitcoin to flourish. “ Texas has the resources and mindset to be the center of this technology,” Cruz said, that the state is well suited for the digital asset revolution. The Senator also criticized Elizabeth Warren for limiting Bitcoin’s growth, and he is comparing her stance to China’s attempts to ban the cryptocurrency. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
The year 2024 has marked an unprecedented turnaround for cryptocurrency, with Bitcoin hitting record highs and the advent of multiple ETFs reshaping the market landscape. As Bitcoin surged, the overall
XRP is among cryptocurrencies with concentrated ownership in a few top addresses, raising concerns about the impact of centralization. A breakdown of ownership indicates that Ripple -controlled addresses account for most of the asset, primarily locked in escrow. Major exchanges also rank among the top holders. The top 10 XRP holders collectively own 35.39% of the total supply, amounting to 27.53 billion tokens. Ripple dominates this list, with its seven accounts holding 24.53 billion XRP, including tokens in escrow, representing 31.57% of the total supply, according to data retrieved by Finbold from XRP Scan on December 23. Additionally, Uphold and Bithumb features are available among the top owners. Uphold holds 1.86 billion XRP (1.86%), and Bithumb accounts for 1.39 billion XRP (1.39%). XRP top ten holders. Source: XRP Scan XRP centralization concerns Although Ripple has implemented a clear XRP management plan, the concentration of assets in a few company-affiliated addresses raises concerns about centralization. Critics argue this goes against the principles of blockchain decentralization and trustlessness. For instance, cryptocurrency researcher Justin Bons challenged Ripple’s decentralization claims earlier in December, highlighting possible flaws in XRP’s design. In an X post on December 3, Bons asserted that XRP relies on a centralized Unique Node List (UNL) and uses Proof of Authority (PoA), allowing the XRP Foundation to control validators and enforce compliance. Bons further criticized XRP’s lack of validator incentives, a 99.8% pre-mine, and reliance on founder-held token sales, which he believes compromise fairness and transparency. He recommended Ripple adopt a Proof of Stake (PoS) model to decentralize validator selection and promote transparency. You are completely focused on a detail that absolutely does not matter in any realistic way. Validators are not compensated. They cannot censor unless node operators configure their code to allow them to. They do resolve the double spend problem, but honest users don't double… — David "JoelKatz" Schwartz (@JoelKatz) December 3, 2024 Financial educator and Bitcoin ( BTC ) advocate Rajat Soni echoed similar concerns, labeling XRP a ‘scam’ capable of enabling price manipulation. Despite these criticisms, it is worth noting that Ripple does not control the XRP Ledger. Changes to the ledger require validator consensus rather than unilateral decisions. Furthermore, the total XRP supply has remained capped at 100 billion since its pre-mining phase. XRP price analysis As of press time, XRP was trading at $2.14, down nearly 4% in the last 24 hours and over 14% on the weekly chart. The bearish sentiment has hindered XRP’s trajectory toward the $3 resistance level. XRP seven-day price chart. Source: Finbold XRP previously broke out of prolonged consolidation below $1, driven by post-election optimism following Donald Trump’s election and the upcoming departure of Securities Exchnage Commission ( SEC ) Chair Gary Gensler, which has boosted investor confidence. Regarding the next price movement, crypto analyst Dark Defender noted in a December 22 post that XRP is consolidating within a descending triangle and testing a key support line around $1.80. XRP price analysis chart. Source: Dark Defender The daily chart highlighted resistance above $2.90. However, the Relative Strength Index ( RSI ) remains below the golden cross threshold, indicating weak bullish momentum. A breakout above resistance could trigger a rally, while a breakdown below support may lead to further declines. Featured image via Shutterstock The post Top 10 XRP holders own 35% of all tokens appeared first on Finbold .
Cryptocurrency exchange Binance announced that its venture capital arm Binance Labs has invested in Usual, a decentralized stablecoin issuer that aims to reshape the stablecoin market with innovative and community-driven solutions. Backed by real-world assets (RWA), Usual takes a unique approach to stablecoins by redistributing value and ownership through its governance token, USUAL. Unlike traditional stablecoin issuers that operate like centralized banks, Usual emphasizes shared ownership and community empowerment. According to its own statement, the project distributes 90% of USUAL tokens to its users, fostering a decentralized and egalitarian ecosystem. “Stablecoins have long served as a gateway to onboarding new users into the crypto ecosystem, and Usual’s community-first approach sets a new benchmark for inclusivity and empowerment,” said Alex Odagiu, Chief Investment Officer at Binance Labs. “At Binance Labs, we look for projects that drive meaningful innovation and expand the ecosystem, and we’re excited to support Usual’s mission to push the boundaries of what stablecoins can achieve.” Related News: Binance Founder CZ Reveals the Country with a Huge Amount of Bitcoin: “Twice as Much as the US” Pierre Person, CEO of Usual Labs, expressed his excitement about the partnership with Binance Labs, saying: “We are proud to have Binance Labs as a co-lead in our Series A funding round. Their track record of supporting transformative projects that prioritize technological innovation and real-world benefit aligns perfectly with Usual’s mission.” *This is not investment advice. Continue Reading: Binance Announces New Altcoin Project It Invested In – Also Listed on its Platform
Crypto analyst Master Kenobi has presented a master plan, suggesting that Floki (FLOKI) , a dog-themed meme coin, is on the brink of a massive breakout. While Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced notable price surges in the past, Floki is projected to skyrocket by at least 1,100% in Q1 2025. Floki Set For 1,100% Pump In Q1 2025 In a recent X (formerly Twitter) post , Master Kenobi expressed optimism about Floki’s future price prospects . He based his forecasts on historical price cycles, which appear to follow a predictable pattern every 365 days. The analyst shared a chart showing that Floki has exhibited recurrent bull patterns approximately one year apart. During each year, a significant price pump began after a period of consolidation, marked by the red arrows and purple rectangles on the chart. Kenobi highlighted that during the 2021 price pump, Floki surged 92X after undergoing a consolidation period of about 112 days. Following this pump, the meme coin experienced a massive decline of about 98.5% before stabilizing slightly and starting another round of consolidation. Over the past few years, the price of Floki has surged significantly, experiencing a bullish trend similar to that of its 2021 pump. The chart’s data shows that the meme coin rose 11X in 2022 and 22X in late 2024. Based on this recurring bullish trend, Kenobi suggests Floki is approaching a breakout zone where its price could skyrocket to new highs this cycle. The analyst projects a minimum 10X to 11X pump for Floki by Q1 2025. The yellow rectangles on the chart indicate a critical time frame before a major breakout, with a significant price jump often occurring after 112 or 140 days of consolidation. If past trends hold, Kenobi predicts Floki could see a breakout after two weeks if it consolidates for 112 days or in early February if it stabilizes for 140 days. Looking at the chart’s analysis, each cycle Floki recorded a massive price pump, with an upward movement lasting about 35 days. Following the recurrent historical trends, a similar timeframe is anticipated for Kenobi’s projected 1,100% price breakout for Floki . According to CoinMarketCap, the price of Floki is currently trading at $0.000169, reflecting a 25.4% crash over the past week. Despite this downtrend, if Floki can surge by 1,100%, it would propel its price to $0.00185, marking a new all-time high . Macro Indicators And RSI In addition to historical data, Kenobi has revealed that macro indicators like Floki’s Relative Strength Index (RSI) add credibility to his 1,100% price forecast for Floki. Historically, when the RSI reached similar levels after each consolidation phase, Floki followed up with an explosive price action . This consistency between past trends, technical indicators, and Floki’s price behavior further strengthens the analyst’s confidence in his bullish prediction of an 11X surge by Q1 2025.