One of Dogecoin’s (DOGE) competitors has skyrocketed after being added to the listing roadmap of top US crypto exchange Coinbase.
In a new announcement, Coinbase says it’s adding memecoin Floki (FLOKI) to its listing roadmap, which the exchange uses for transparency and to prevent insider trading on coins prior to them being listed.
News of the potential listing caused FLOKI to surge, sending the memecoin from a low of $0.000217 on November 14th to a peak of $0.000280 hours later. At time of writing, FLOKI is trading at $0.000239.
FLOKI, which launched in 2021 and was inspired by Elon Musk’s pet Shiba Inu, acts as the utility token for the Floki ecosystem, which has various decentralized finance (DeFi) services on the Ethereum (ETH) and Base blockchains.
Earlier this week, pseudonymous crypto analyst Bluntz told his 290,900 followers on the social media platform X that FLOKI appeared ready to explode as it had been trading sideways for two days straight.
In the longer term, Bluntz forecasted that FLOKI would make a run past the $0.0005 level, still more than 2x from current levels.
“Macro ABC on FLOKI looks done with a three-month accumulation break inching closer every day, once it gives way, we’ll be at fresh all-time highs fairly quickly, in my opinion.
Have added some today to long-term non-trading bags.”
Generated Image: Midjourney