FLOKI, known as a memecoin, has been listed on Coinbase. This event has caught investors' attention and raised questions about future market movements.
FLOKI’s Entry into Coinbase
FLOKI has reached a significant milestone by being listed on the Coinbase platform. This event coincided with the market’s recovery, providing FLOKI with a chance for rapid movement. While the 70% weekly gain suggests potential momentum, predicting whether FLOKI is preparing for a correction may be premature.
Market Shifts and Memecoins
The market has significantly changed over the past two cycles, and memecoins have become less susceptible to sudden swings. More investors now view them as assets with real use cases. In the last three days, Coinbase has listed three top memecoins—PEPE, WIF, and FLOKI—which highlights the changes within the community. Although whale accumulation indicates positive reception, it also underscores the high volatility of memecoins, making their trajectory challenging to predict.
FLOKI’s Prospects and Bitcoin’s Role
FLOKI’s price may reverse as the hype from the Coinbase listing fades. For a potential rise to $0.00030, Bitcoin needs to break through the $93k resistance level. A recent surge pushed Bitcoin prices due to election-related buying, but the momentum has stalled, consolidating between $90k – $91k. Unless Bitcoin stabilizes at a price level deemed suitable by investors, memecoins like FLOKI may consolidate or face potential correction.
FLOKI's listing on Coinbase opens new opportunities for the memecoin, but its future remains uncertain due to volatility. Bitcoin's influence and the overall market will play a crucial role in determining FLOKI's course.
