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Coinbase lists memecoin Toshi and price soars 157%
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THE Coinbase announced the inclusion of the Toshi (TOSHI) token in its listings roadmapresulting in an explosive 157% increase in the price of memecoin. The token jumped from $0.00014 to $0.00036 in a few minutesbefore stabilizing at $0.00030. TOSHI, which operates on the Base network, joins other popular tokens attracting investor attention following announcements of listings on renowned exchanges.
The announcement of the listing of TOSHI on one of the largest cryptocurrency exchanges in the United States, announced the inclusion of the Toshi token (TOSHI) in its listings roadmap, caused the price of TOSHI to skyrocket. In a few minutes the memecoin price jumped from $0.00014 to $0.00036. High of 157%, later corrected, as traders liquidated their positions to guarantee profits.
This type of reaction is common in the cryptocurrency market. Unknown tokens rise in price after announcements of listings on popular exchanges. THE phenomenon known as “buy-the-rumor, sell-the-event” is a strategy of memecoin traders. They buy unknown memecoins in the hope that they will be listed on reputable platforms, increasing the price.
As a result, memecoin fell to US$0.00023, returning to US$0.00030 at the time of writing this report. Even with price fluctuations, the token has varied positively by around 114% in the last 24 hours, according to data from GoinGecko.
About $TOSHI
THE Toshi is a memecoin named after Brian Armstrong’s catco-founder of Coinbase, and the pseudonymous creator of Bitcoin, Satoshi Nakamoto. Launched in July 2023 at a unit cost of $0.0000049, and, after price fluctuations, the cryptocurrency appreciated by 6,000% in around 18 months. THE highest price ever recorded for Toshi (TOSHI) was $0.0007938, reached on April 8, 2024.
The new rise in TOSHI price can be attributed to the expected increase in liquidity that accompanies listing on a large exchange like Coinbase. Exchanges with high trading volumes and liquidity make it easier to buy and sell tokens, which can lead to price appreciation. The inclusion of TOSHI on Coinbase, albeit under the experimental label, increases the credibility, interest and, consequently, its value of memecoin.
Just like Coinbase’s listed token launch, the MIND of Pepe token is also a low-cost memecoin. In pre-sale phase, the token is currently being sold at US$0.0031. With a total raised of US$ 1 million, the cryptocurrency is part of an Artificial Intelligence project based on the Pepe Frog meme.
MIND of Pepe is a innovative artificial intelligence system that evolves through its continuous interaction with X and other social networks. Based on conversations with influencers, MINO will develop its opinions on memecoins and engage communities in debates on the topic.
The buyers of project can use the tokens for staking and receive 1637% in returnsa common practice in pre-sale campaigns, as tokens are only released after the campaign ends. To buy $MINO, interested parties can use credit cards or cryptocurrencies USDT, BNB and ETH.
Coinbase lists memecoin Toshi and price soars 157%
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Coinbase lists memecoin Toshi and price soars 157%
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Coinbase lists memecoin Toshi and price soars 157%
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Coinbase lists memecoin Toshi and price soars 157%