Toshi Meme Coin Rallies 120% After Coinbase Listing Announcement
Toshi (#TOSHI), a meme coin named after Brian Armstrong's cat, experienced a significant surge, gaining nearly 120% in 24 hours to reach a peak of approximately $0.000367. It is now the sixth-largest meme coin on the Base network with a market cap of around $110 million and a daily trading volume increase of over 500% to about $68 million.
Key Factors Behind Toshi's Rally
- Listing support from Coinbase, which added Toshi to its listing roadmap.
- Increased exposure anticipated from upcoming listings on Crypto.com, reaching over 100 million users.
- Support from exchanges like Bybit, which announced Toshi's listing and availability of spot grid bots.
- Toshi benefits from the scalability of the Base network and security of the Ethereum network.
Future Outlook
The recent price movement aligns with a broader bullish sentiment in the crypto market, particularly following Bitcoin's rally above $97,000. The Toshi price rebounded from a key support level, suggesting a potential bull rally.
Technical indicators show that if Toshi consistently closes above $0.0004, a new bull run may commence. Increased liquidity across decentralized and centralized exchanges is attracting more investors.