The valuation metrics for Floki continue to spark interest, particularly in assessing whether the token is undervalued or overvalued. As of the latest data, Floki’s 30-day Market Value to Realized Value (MVRV) ratio stands at -36.34%. This indicates that the current price is significantly below the average purchase price of holders over the past 30 days.
Given this situation, holders are unlikely to sell at a loss, presenting an opportunity for new buyers to acquire the token at a lower price. Historically, similar conditions have led to substantial price increases for memecoins.
For instance, in the last week of February, when Floki’s MVRV ratio was at -18.73%, the price surged from $0.000036 to $0.00015 by the first week of March, yielding over 300% returns for market participants. In April, the ratio dropped to -41.79%, and the price increased from $0.00013 to $0.00024 within weeks.
Given these past trends, Floki might experience a similar price increase, potentially doubling its value in the coming month. If this historical pattern holds, Floki’s price could reach $0.00034. Should the market remain stable, the memecoin could surpass its all-time high.
1,140 addresses purchased 35.97 billion Floki at an average price of $0.00016. Conversely, 760 addresses acquired 125.24 billion Floki at approximately $0.00017. The substantial number of addresses at the $0.00016 level can act as a support, preventing a significant price drop.
Furthermore, the current market conditions suggest that the price could initially rise to $0.00019. If buying pressure intensifies, the value of the memecoin could increase even further. Replicating March’s performance could see Floki’s price reaching the anticipated $0.00034 mark.