TL;DR
- Toshi, a memecoin on the Base network, surged 110.7% in the last 24 hours, reaching a price of $0.0002978.
- Toshi’s market capitalization is $124.8 million, with a trading volume of $83 million during the same period.
- The addition of Toshi to Coinbase’s roadmap has generated strong interest and could signal the beginning of a bullish rally for Base-native memecoins.
In the last 24 hours, Toshi, a memecoin developed on the Base network, has experienced an impressive 110.7% increase, reaching a price of $0.0002978. This surge came after Coinbase announced it was adding Toshi to its future listing roadmap, which sparked excitement and optimism in the crypto community. The cryptocurrency briefly hit $0.00036788, a 160% increase, though it has since corrected slightly and is currently stabilizing around its new value of $0.0002978.
The Impact of Coinbase’s Support on Toshi
Toshi, named after Coinbase co-founder Brian Armstrong’s cat and Bitcoin creator Satoshi Nakamoto, has become one of the most popular memecoins on the Base blockchain. After Coinbase’s announcement, Toshi recorded a trading volume exceeding $83 million in the last 24 hours, reflecting growing interest from both investors and traders. Its current market cap stands at $124.8 million, placing Toshi in a prominent position within the rapidly evolving crypto ecosystem.
The inclusion of Toshi in Coinbase’s roadmap highlights the increasing acceptance of Base-native memecoins, built on the scalable blockchain developed by Coinbase. This is only the second time Coinbase has added a Base-native memecoin to its platform, with Degen being the first token of its kind listed in October 2024.
The Future of Toshi and Base’s Memecoins
Toshi’s growth comes at a time of widespread optimism in the crypto market, driven by Bitcoin’s recent rally and growing interest in mid- and low-cap cryptocurrencies. Toshi has managed to recover from a key support level, which could signal the onset of a potential bull run. If Toshi’s price can hold above the resistance level of $0.0004, new opportunities may arise for traders and investors.
Coinbase’s influence in popularizing Toshi is not limited to its platform. Other exchanges, such as Crypto.com, are considering listing the token, which could expose Toshi to an even wider audience, boosting its exposure and growth potential. With growing trading volume and an increasingly active community, Toshi may be on the verge of becoming a leading figure in the memecoin universe.
