Toshi (TOSHI) Memecoin Surges 120% After Coinbase Listing: Is It a Good Buy?
Toshi (TOSHI), a quirky cat-themed memecoin inspired by coinbase Global co-founder Brian Armstrong’s cat and the mysterious creator of Bitcoin, is making waves in the crypto world. Built on the Base network, this small-cap token has just taken a giant leap toward mainstream adoption. After hitting a key milestone in its trading activity, Toshi is now set to be listed on Coinbase Global.
The sudden surge in price and trading volume has caught the attention of many, and there’s much more to this story than meets the eye. Dive right in for the details.
Toshi’s Price Explodes
As announced, Toshi will join other popular memecoins like Peanut the Squirrel (PNUT) and Floki (FLOKI) on the Coinbase exchange. This listing is a significant step for Toshi, opening doors to a much larger audience and increasing its chances for mainstream success.
After the listing announcement, Toshi’s price surged by more than 120% in just 24 hours, peaking at $0.0003679. The small-cap memecoin now has a fully diluted market cap of about $114 million, and its daily trading volume skyrocketed by 515%, reaching $60 million.
This dramatic rise points to a growing interest in Toshi and suggests it may be on track for further gains.
Toshi’s Bullish Shift
This price jump has pushed Toshi above its 50-day Moving Average (MA), reversing the previous bearish sentiment. However, for the upward trend to stay strong, Toshi needs to consistently close above the $0.0004 resistance level. Doing so would confirm a sustained bullish momentum in the near future.
Toshi Fundamental Outlook
Toshi is quickly becoming a more prominent player in the crypto space. Listed on a dozen cryptocurrency exchanges, both centralized and decentralized, the token now has more than 489,000 on-chain holders. Additionally, Toshi enjoys good liquidity, with around $1 million in Wrapped Ether (WETH).
This growth shows that Toshi is on its way to becoming the leading memecoin on the Base network.
Toshi’s success highlights the growing competition within the memecoin market, which has become crowded with thousands of tokens. This saturation has slowed down the much-anticipated “altseason” as traders look for standout coins.
