Toshi, a cat-themed memecoin named after the Coinbase co-founder's cat and the pseudonymous creator of Bitcoin, recently received a major boost in popularity tied to its listing on the Coinbase Global network.
Coinbase Listing
According to the announcement, Toshi memecoin was added to the listing roadmap by Coinbase Global. As a result, the Toshi token will follow other memecoin projects listed on the Coinbase exchange, like Peanut the Squirrel and Floki.
Impact on Toshi Price
Following the listing plans, Toshi's price surged more than 120% in the past 24 hours, reaching a daily high of about $0.0003679. The daily average trading volume increased by 515% to about $60 million. However, for a consistent uptrend, the price must close above the resistance level of $0.0004.
Fundamental Outlook
The small-cap memecoin has grown into a significant project listed on several crypto and decentralized exchanges, attracting more than 489k holders. The Coinbase listing aims to further boost its market presence amidst the vast number of existing memecoins slowing down the anticipated altseason.
Toshi's listing on Coinbase has the potential to significantly strengthen its position in the cryptocurrency world, attracting new investors and traders.
