
How strong is Loki Analysis
Loki is one of the strongest characters ever but how strong he actually is and who is the strongest character that he actually beats? I will try to make an analysis taking into consideration his best and worse stats as well as his actual scaling in the series
Let's first start with Loki's AP which to me it's possible his best stat. He is both the first and only character to kill a Holy Knight and the first and only character to damage real Imu. Both of these feats were not achieved by the Old Generation for example since they failed to damage ImuSaturn and they also failed to kill Holy Knight. This logically puts their AP far below Loki's
Then less go with destructive power and Loki is one of the most destructive powers we have seen in OP as Thorheim is basically a lighting nuke with Advanced Conqueror's Haki and the most impressive thing is that it seems to be a casual move for him since he has already used it 3 times so he likely has much more destructive attacks than that. And the only OP character with these level of DC is Whitebeard but even he could only achieve insane destruction with his most powerful attack so I personally would give Loki the best DC we've seen to date
Then let's go with his Durability/Endurance which are both extremely high. To begin with, Loki has been fighting against Imu with injuries which shows he has some of the best endurance in OP since he has endured those attacks despite his injuries. Like just compare, a full healthy Garp was super damaged by an stab from Shiryuu while Loki endured an stab from Imu's sword "Nemesis" would've killed Garp showing a gap in endurance. And his durability is also high especially in Hybrid/Dragon form against Harald Loki basically took no damage from HK Harald and last chapter he took a bomb attack from Imu in a wing and he basically shrugged it off like it was nothing
Then let's go with Loki's Haki which is clearly Emperor level or possible beyond it. To begin with, just when Luffy arrived to Elbaph he was feeling goosebumps from Loki despite Loki being chained up which means even Loki's most basic Haki is strong enough to cause a reaction on Luffy and this Luffy has already felt the Haki of Shanks or Joyboy so Loki impressing him is a sign of him having top tier Conqueror's Haki. This is further confirmed by Loki's feats such as clashing with HK Harald, killing HK Harald which is an ACoC feat and recently we've seen him an AcoC clash with Imu who Gaban confirmed to have far stronger Haki than anytone he knew.
Another of Loki's best stats is his physical strength as he was physically manhandling Harald which got a massive strength amp from Imu but Loki still was far superior physically speaking. In addition, to that Loki is an ancient giant and is able to hold Ragnir which is a weapon no normal giant can even wield. Physically Loki is problaby the stronges OP character to ever exist besides maybe Prime Oars "Continent Puller"
Now let's go with problaby the only weakness in Loki's arsenal which is his speed which due to his size makes him hard to hit fast opponents, we saw Imu take advantage of this to stab Loki mid-attack. However, it must be said that we still haven't seen Hybrid Loki yet and given that Hybrid Forms tends to increase speed Loki might not even have this weakness once we see him in Hybrid Form.
Another thing that we need to talk is that Loki possibly has the strongest weapon in the OP history surpassing any Supreme Weapon or even Black Blade Yoru. The reason for this is that Ragnir broke an AcoC weapon which has never happened and it also has a mythological zoan with Ice powers so Ragnir is pretty much a top tier by itself since it can fight individually too when Loki goes Dragon form.
And talking about Loki's actual scaling he should scale around PK Level in Base/Dragon Form since he is clearly holding his own against Imu and performing just as good if not better than Roger or Whitebeard would be performing but in Hybrid he is problaby perform way better than they would. But when we actually saw Hybrid Loki he completely demolished a PK Level character like HK Harald, someone equal or possibly superior to Domi-Reversed Rocks who is the strongest PK Tier and despite this Loki pretty much destroyed Harald
Another thing that justifies Loki's high scaling is being accepted by Ragnir as his new master, as Imu himself said he has been waiting for a worthy wielder since possibly the First World and Harald himself Ragnir didn't allow anyone to eat the fruit and only with his new strength granted by Imu could Harald possibly get the Nidhogg DF. Loki being accepted by Ragnir puts him narratively above Prime Harald, logically if Base Loki without Ragnir is already equal to Prime Harald and Prime Harald was High Yonko/PK Level then Loki at his absolute peak with Ragnir and Hybrid Nidhogg DF Form would be Pirate King+ Level
So I think that based on Loki's stats and Loki's actual scaling he should be placed at a level above Pirate King+ and only below God Tiers like Joyboy/Imu/Nika/Davy