The rise of FLOKI comes at a time when the market is experiencing a broad uptrend. In the past two weeks, Bitcoin (BTC), XRP, and BNB have all reached all-time highs. Earlier this month, the cryptocurrency market experienced one of the most significant rebounds in recent years. In the past few days, the market has seen a pullback, but it has since rebounded. The rebound at the beginning of this month was likely due to the U.S. passing legislation supportive of cryptocurrencies, as well as increased inflows into cryptocurrency ETF products.

FLOKI's rise has brought it back into the top 100 projects by market capitalization. After a price drop over the past few months, this memecoin fell out of the top 100 but is now back in the list. Although this rebound is commendable, FLOKI is still down 61.6% from its all-time high of $0.0003449. The coin peaked in June 2024, just a little over a year ago. This August, it is expected to break new highs, projected to reach $0.0008500

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