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- Coinbase’s addition of FLOKI boosts its exposure, highlighting growing interest in community-driven cryptocurrencies.
- FLOKI shows resilience and strong market momentum, with potential for new peaks in the current bullish cycle.
Coinbase has officially added memecoin FLOKI to its trading plan, resulting in increased interest and activity in the crypto market. Following the launch, FLOKI—a community-driven token inspired by Elon Musk’s beloved dog—has shown amazing expansion.
Assets added to the roadmap today: FLOKI (FLOKI)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) November 15, 2024
FLOKI Market Momentum and Investor Confidence
The addition follows just a few days after both Coinbase and Robinhood introduced PEPE, another well-known memecoin, on their platforms. This set of listings has raised awareness of these tokens, hence driving significant price swings and more trading volume.
Meanwhile, FLOKI is swapped hands at about $0,000250 at the time of writing, having increased 11.66% over the last 24 hours. This price explosion has driven the market cap of the token to above $2.3 billion, therefore highlighting great investor confidence in it.
Previously, CNF notes Floki Inu has shown remarkable durability; analysts predict a new all-time high (ATH) in the next bullish cycle. They underline the token’s continuous momentum in the market by stressing a potential further upside of up to 93%.
On the other hand, we recently highlighted another popular meme token, Dogwifhat (WIF). The WIF token has shown strong market potential following its Coinbase listing and a major technical breakout on the Solana network.
According to a popular analyst, WIF has an upside target of $7.30 to $11.30, even $15, with the analyst predicting a breakout of $4.90 would pave the way for this potential strong rally.
