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Toshi (TOSHI), a quirky cat-themed memecoin inspired by Coinbase’s co-founder Brian Armstrong’s cat and the mysterious creator of Bitcoin, is making waves in the cryptocurrency space. Built on the Base network, Toshi has captured the attention of investors after a major milestone—being listed on Coinbase Global. This small-cap token is now positioned for mainstream success.
Toshi’s Explosive Price Surge
After the listing announcement, Toshi experienced an explosive price surge of over 120% within just 24 hours, peaking at $0.0003679. This meteoric rise is a clear indicator of the growing interest in the coin. With a fully diluted market cap of approximately $114 million and a staggering 515% increase in daily trading volume, reaching $60 million, Toshi’s momentum shows no signs of slowing down.
Toshi joins the ranks of popular memecoins like Peanut the Squirrel (PNUT) and Floki (FLOKI) on Coinbase, which significantly expands its reach. This listing could provide the necessary catalyst for Toshi to achieve widespread adoption, as it gains exposure to Coinbase’s massive user base.
Assets added to the roadmap today: Toshi (TOSHI) https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) January 14, 2025
A Bullish Shift for Toshi
The surge in price has pushed Toshi above its 50-day Moving Average (MA), reversing its previous bearish trend. However, for the coin to maintain its bullish trajectory, it needs to consistently close above the $0.0004 resistance level. If it does, Toshi could see sustained momentum, potentially leading to further price gains in the near future.
Toshi’s Growing Influence in the Memecoin Market
Now listed on a dozen cryptocurrency exchanges, both centralized and decentralized, Toshi has gained over 489,000 on-chain holders. Its liquidity is also strong, with around $1 million in Wrapped Ether (WETH). These factors highlight Toshi’s increasing prominence within the memecoin market, which is currently flooded with thousands of tokens.
Also Read: Shytoshi Kusama Addresses Claims of Favoring TREAT Over BONE in Shiba Inu Ecosystem
As the memecoin landscape becomes more competitive, Toshi is positioning itself as a leading contender in the space, possibly paving the way for the next big altcoin surge.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Crypto and blockchain enthusiast.
