- Floki experienced an aggressive surge of 21% within an hour after Coinbase announced adding it to its listing roadmap.
- The addition of FLOKI, PEPE, and WIF to Coinbase increases the visibility and accessibility of these coins, thus leading to more investment and trading activity.
Ethereum-based meme coin Floki (FLOKI) surged on the back of Coinbase announcing that it has added the dog-themed coin to its listing roadmap. After Coinbase posted on the microblogging platform X, the price of Floki Inu jumped 21% in less than an hour, reaching a five-month high of over $0.00027.
The largest crypto exchange in the U.S. also added other meme cryptocurrencies, including Ethereum’s Pepe (PEPE) and Solana’s Dogwifhat (WIF), to the roadmap. These additions led to swift transitions to spot trading, reflecting a more proactive strategy by the exchange.
Assets added to the roadmap today: FLOKI (FLOKI)https://t.co/rRB9d3hSr2
— Coinbase Assets (@CoinbaseAssets) November 15, 2024
The addition of PEPE and FLOKI to the Coinbase platform serves as a prime example of the potential market reaction to new listings. PEPE’s reaction to the listing was outstanding, it rallied 87% hitting an all-time high of $0.00002381.
What This Means for Floki Inu Investors
Coinbase adding Floki to its listing roadmap has helped push the token’s price to new heights marking a significant milestone for the Floki ecosystem, which is rapidly growing.
For investors, these enhancements indicate a multitude of benefits. Floki Inu operates on both Ethereum and Binance Smart Chain, granting it cross-chain flexibility that allows for lower transaction fees, quicker transaction speeds, and improved accessibility for users.
Additionally, the ecosystem includes innovative platforms such as FlokiFi, a state-of-the-art DeFi platform, and Valhalla, an NFT-based metaverse game. These initiatives are designed to elevate the utility of the $FLOKI token, making it more appealing to both existing and prospective investors.
In related news, Valhalla, the Play-to-Earn MMORPG from Floki, recently announced a new partnership with Dubai’s Mall of the Emirates just two days ago, per the CNF report. Notably, the Mall of the Emirates in Dubai, holds more than 630 retail outlets, including 80 luxury stores, this offers a diverse visitor base, allowing Valhalla to engage with both local and international audiences.
Crypto Tisa, a crypto analyst predicts that FLOKI could see a price increase of 500%. At its current value, this would translate to a potential price of $0.0015732. Gathering more than 72K followers, Scofield took to X supporting the same views that a price of $0.001 appears to be a plausible target. He elaborates that FLOKI’s listing on Coinbase is more than just another addition to the exchange; it serves as a validation of the efforts and developments the team has been pursuing. He emphasizes, “The strongest fundamentals, real utility, and now backed by the most trusted name in crypto.”
Analysts also suggest that with a token-burning initiative, a specified number of $FLOKI tokens would be permanently removed from circulation. The reduction in supply could enable the coin to achieve much higher price targets without relying solely on a substantial influx of new investment capital.
This meme coin has gained 27% in the past 24 hours and is now over a $2.55 billion market cap. Meanwhile, FLOKI swapped hands at about $0.0002675 as of writing, a 91.43% rise over the last 7 days.
