With the ‘Jingle bells’ tune blasting out from speakers everywhere and Christmas and New Year’s round the corner, ‘It’s The Most Wonderful Time of The Year’ is indeed for seasoned memecoin investors to be on the lookout for the next promising festive project.
Despite the tumultuous year in crypto and global markets, memecoins can still offer big opportunities and exceptionally high ROI. 2022 saw hundreds of memecoins competing in the crypto space. Some of them are renowned and well-established e.g. Dogecoin ($DOGE) and Shiba Inu ($SHIB) whilst others are more niche new projects with potentially high upside such as play-to-earn Calvaria ($RIA) or Tora Inu ($TORA). Not surprisingly, following the huge success of Dogecoin, many other canine-inspired memecoins have seen spectacular gains throughout 2021 and 2022.
One of the most promising projects at this time of the year is Floki New Year ($FlokiNY). What makes Floki New Year token stand out amongst other festive tokens is its long-term relevance, as it is inherently connected to the billionaire crypto enthusiast Elon Musk and his doge mascot-breed Shiba Inu pet. Combining the crypto world’s favorite dog and festive spirit has already proven very successful. After its launch on Binance Smart Chain in December 2021, $FlokiNY shot up to a staggering $7 million market cap, leaving its early investors with their jaws on the floor as they watched a 140,000% growth in a matter of days. Many filled their Christmas stockings with enviable gains before, but sadly, the downturn in the global economy and the world’s safety crisis sent this and many other tokens plummeting.
Throughout 2022 there was a lot of chaos in the crypto space and Floki New Year suffered just as badly. However, a huge green daily candle on 6th November appears to be a turning point and $FlokiNY has been picking up steam ever since, seemingly in anticipation of the festive season gains. Will it be the case? There is no way to be sure but the crypto community seems to be voting with their wallets – and they are filling their bags early. Currently at around $400k market cap, the Floki New Year token offers an astounding ≈1700% ROI if it comes close to its ATH. The dev team behind the project led by Ace has a strong reputation for reliability in the crypto market and it certainly seems to be aiming to get to that point again. $FlokiNY is currently listed on CoinMarketCap and an all-important listing on Coin Gecko is in the pipeline. The project has also seen a major rebrand since last December, with the inclusion of the Chinese New Year (Year of the Rabbit). As the Chinese New Year falls on 22nd January 2023, this strategic move is likely to extend the parabolic run well into January/February. The roadmap further reflects an ambitious drive to incentivize investors e.g. a 50 BNB reward in the biggest buy competition, high-level collaborations with influencers, and staking pools coming soon.
Of course, let’s not forget Elon Musk and his famous Shiba Inu pup Floki, the undeniable inspiration for this token. With all eyes on Elon this month, will the top crypto supporter treat his loyal audience to some festive updates? It will only take one Elon’s tweet to send Floki New Year to the moon and memecoin investors are eagerly anticipating his annual Floki pictures. Will we see Elon’s four-legged friend raising a festive toast with a glass of bubbly ‘pawsecco’? Or some other festive and playful picture of Floki? Lots of bold memecoin buyers hope so – and if we do, they are likely to be rewarded handsomely. For the investors who allocate part of their portfolio to memecoins, $FlokiNY is certainly an option worth considering and the time to act is now.
If you are interested in learning more about this project, more info about $FlokiNY can be found on the official website.
