FLOKI Price Skyrockets Amid Potential Coinbase Listing, Is Rally to $0,0015 Next?

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As a seasoned analyst with over two decades of experience in the financial markets, I have witnessed countless market trends and cycles. However, the rapid growth of meme coins like Floki (FLOKI) has caught my attention more than anything else recently.

The price of FLOKI skyrocketed to its highest point in five months following the announcement that it would be added to Coinbase’s plan for listing, a significant step forward for the Ethereum-based memecoin.

In the last day, the value of this token has climbed by 12%, almost doubling from its previous level over the course of the week. This growth is occurring despite broader adjustments in the crypto market and some forecasts suggesting it could potentially surge up to 500% or even reach $0.0015732.

Coinbase Listing Could Send Floki Price Up 500%, Analysts Say

This week, the Ethereum-linked meme currency known as Floki (FLOKI) has emerged as a notable success following Coinbase’s announcement that they plan to include the canine-themed token in their upcoming listings.

Based on predictions by crypto analyst CRYPTO TISA, it’s anticipated that the price of FLOKI may rise by approximately 500%. If this forecast holds true and the current value remains constant, FLOKI could potentially reach a price of $0.0015732.

According to Scofield, another analyst, who also supports this view, believes that the price of $0.001 for FLOKI is a plausible assessment. He reasons that the listing of FLOKI on Coinbase isn’t merely an ordinary exchange listing; rather, it signifies validation of the work the team has been doing and striving to achieve. In his opinion, FLOKI boasts the strongest fundamentals, offers genuine utility, and is now backed by the most reputable name in the crypto world.

Following the announcement, Floki Inu’s price skyrocketed approximately 21% within an hour, reaching a five-month peak above 0.00027 dollars. Named after Elon Musk’s real-life pet, this cryptocurrency has increased by about 13% in the past day, recovering from previous losses during a broader market adjustment.

Assets added to the roadmap today: FLOKI (FLOKI)

— Coinbase Assets (@CoinbaseAssets) November 15, 2024

When the Coinbase listing schedule suggests potential future listings of cryptocurrency tokens, it’s a strong hint that a trading option might become available. Lately, the platform seems more flexible with its listings, which could mean they are becoming more receptive to meme coins.

Alongside their announcement, Coinbase stated that owners of FLOKI tokens could receive a distribution of 3 billion coins. This distribution comes as a result of the token being added to Coinbase’s long-term plans. The distribution is determined by on-chain activity, meaning only users who fulfill specific conditions will be eligible to claim their portion.

Trump Effect? CB Meme Coin Embrace Signals New Era for Crypto

On a Wednesday, Coinbase introduced two popular meme coins, namely Ethereum’s Pepe (PEPE) and Solana’s Dogwifhat (WIF), into their plans. Simultaneously, these coins became available for immediate trading in the market.

As a researcher, I found myself observing the captivating trajectory of the meme coin market. Notably, Floki followed in the footsteps of other top coins, soaring to a five-month peak following its inclusion on Coinbase’s roadmap – an event that Coingape had astutely forecasted.

Currently, as per CoinGecko’s data, all three meme coins are listed among the top 50 most valuable cryptocurrencies globally in terms of market capitalization.

Historically, Coinbase has approached meme coins with caution. However, there’s been an acceleration in their acceptance following Donald Trump’s election win, which was seen as a more favorable climate for crypto regulations, suggesting a warmer approach.

Initially leading among meme-based cryptocurrencies, Dogecoin experienced a significant increase in value, nearly doubling within a week, before leveling off. Despite a 4% decline today, other meme coins like Floki have picked up the pace and suggest a growing fascination with this unusual market niche.

The announcement that Coinbase will list Floki has contributed to a surge in the token’s value. This latest achievement signifies another major step forward for the Floki community, as they continue to expand their practical applications through upcoming DeFi tools and gaming features.

Two days ago, it was announced that Valhalla, the PlayToEarn MMORPG from Floki, has entered into a new partnership with Dubai’s Mall of the Emirates. This collaboration, unveiled on November 13th, is a key step in Valhalla’s global expansion plans.

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2024-11-16 02:02