TL;DR
- Toshi (TOSHI) soared by triple digits after being embraced by popular crypto exchanges like Coinbase.
- TOSHI is not the only meme coin well in the green, with DOGE, SHIB, WIF, and many more pumping substantially.
The Coinbase Effect
Over the last 24 hours, the bulls have had a productive run, as various cryptocurrencies experienced significant price surges. Among the top performers are Ripple (XRP) and Cardano (ADA).
It’s intriguing to note that Toshi (TOSHI), which isn’t as widely recognized, is among the tokens showing exceptional performance, surpassing other cryptocurrencies within the top 100 group.
A meme coin based on cats, available across various blockchains such as Solana and Binance Smart Chain, experienced a staggering 110% surge in value over a single day, peaking at $0.00036788 within that timeframe. Subsequently, it slightly retrenched, currently trading around $0.0002957.
Or:
The cat-themed meme coin, accessible across different blockchains like Solana and Binance Smart Chain, soared by over 110% on a daily basis, hitting a one-month high of $0.00036788. Over the following hours, it dipped slightly and is now being exchanged at around $0.0002957.
TOSHI’s surge might be due to the fact that Coinbase announced they would be adding the asset to their roadmap today (January 15). It is worth mentioning that for a token to be officially listed on their platform, it must fulfill specific criteria.
Not long after, another widely recognized cryptocurrency exchange, Crypto.com, began offering trading services with TOSHI. This means that users of the Crypto.com App can now effortlessly purchase TOSHI using USD, EUR, and more than 20 other fiat currencies. Furthermore, they can utilize the Crypto.com Visa Card to spend TOSHI at over 80 million merchants worldwide.
Support from influential figures in the crypto world such as Coinbase and Crypto.com often leads to an increase in the value of the associated cryptocurrency. This is because it brings more liquidity, makes the currency more accessible, and enhances its credibility.
Last year, it was noted that Tensor (TNSR), the native cryptocurrency of the leading Solana NFT marketplace, was added to Coinbase’s roadmap. Following this announcement, the price of the asset surged by approximately 70%.
What About the Other Memes?
Over the past 24 hours, the meme coin market has seen a recovery. Coins like Dogecoin (DOGE), Shiba Inu (SHIB), dogwifhat (WIF), ai16z (AI16Z), Akuma Inu (AKUMA), Snek (SNEK), and many others have all shown significant gains, moving up in value.
The meme coin sector has bounced back over the last 24 hours, with popular coins such as Dogecoin (DOGE), Shiba Inu (SHIB), dogwifhat (WIF), ai16z (AI16Z), Akuma Inu (AKUMA), Snek (SNEK), and more all seeing a rise in value.
Or simply:
Meme coins like Dogecoin, Shiba Inu, dogwifhat, ai16z, Akuma Inu, Snek, and others have all risen in value over the past 24 hours, marking a recovery for the meme coin sector.
A small number of memes still trading at low prices are SPX6900, Peanut the Squirrel (PNUT), and a few others that also fall into this category.
It’s noteworthy that the meme coin based on the famous dog named Peanut saw a surge in price by 30% on January 14, thanks to endorsement from Coinbase. At present, its value hovers around $0.58, indicating a 7% drop over the daily period.
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2025-01-15 17:44