TOSHI Memecoin Soars 120% After Coinbase Listing Announcement

TOSHI, a cat-themed memecoin named by coinbase Coin base – [email protected] Walletcentralized exchange Global founder Brian Armstrong Brian Armstrong Brian Armstrong is one of the most popular people in the crypto industry today. He is an American investor, entrepreneur and business executive. He is the CEO of Coinbase, a cryptocurrency platform. He is also a sought-after crypto expert and is often invited to speak at conferences around the world. Details: Company: Coinbase Location: United States Education: Master's Degree in Computer Science from Rice University and Bachelor's Degree in Computer Science and Economics from Rice University Experience: Ruby and JavaScript Experience: CEO and Co-Founder of Coinbase from June 2012 to Technical from May 2011 to June 2012 Product at Airbnb Manager and Founder of Tutor.com from August 2003 to May 2012 FAQ 1. What is Armstrong's net worth? Armstrong has a net worth of $2.4B.
entrepreneurInvestor.Developer/ProgrammerCrypto and Blockchain expert Cat and the creator of the Bitcoin counterfeiter got a big boost for mainstream adoption. Memecoin, built on the Base network, will be listed on the Coinbase Global network after it reaches a critical level in terms of trading activity.

According to the announcement, Toshi memecoin has been added to the list map by Coinbase Global. As a result, the Toshi token follows other memecoin projects listed on the Coinbase exchange led by Peanut the Squirrel (PNUT) and Floki (FLOKI).

Impact on Toshi's price action

Following the detailed plans on Coinbase Global, Toshi's price has increased by more than 120% in the last 24 hours to $0.0003679 daily. Small-cap memecoin, with a fully leveraged valuation of $114 million, recorded a 515 percent increase in average daily trading volume to $60 million.

As a result, Toshi's price rose above the daily 50 moving average (MA), breaking the previous bearish sentiment. However, Toshi's price should consistently close above the resistance level around $0.0004 to confirm a new breakout trend in the near term.

Also read: DOGE and SHIB Prices Fall: Will These Memecoins Come Back? ,

Basic view

Small-cap memecoin has grown into an active project listed on dozens of cryptocurrency exchanges and decentralized exchanges. As a result, Toshi has attracted more than 489k chain holders. Toshi also has about $1 million worth of liquidity in Bundle Ether (WETH).

With the goal of becoming the premier memecoin on the core network, Toshi's listing in Coinbase will be a great addition. Moreover, the existence of thousands of memecoins has greatly depleted the altcoin industry, thus delaying the much-anticipated altcoin season.