One of Dogecoin’s competitors (DOGE) has skyrocketed after being added to US crypto exchange Coinbase’s roadmap.
In a new announcement, Coinbase say it adds memecoin Floki (FLOKI) to its listing roadmap, which the exchange uses for transparency and to prevent insider trading on coins before they are listed on the exchange.
News of the possible listing sent FLOKI soaring, sending the memecoin from a low of $0.000217 on November 14 to a high of $0.000280 hours later. At the time of writing, FLOKI is trading at $0.000239.
Launched in 2021 and inspired by Elon Musk’s pet Shiba Inu, FLOKI serves as the utility token for the Floki ecosystem, which has several decentralized finance (DeFi) services on the Ethereum (ETH) and Base blockchains.
Earlier this week, pseudonymous crypto analyst Bluntz said told According to its 290,900 followers on the social media platform
Longer term, Bluntz predicted FLOKI would push past the $0.0005 level, still up more than 2x from current levels.
“Macro ABC on FLOKI seems ready with a three-month accumulation break getting closer every day. Once this gives way, I believe we will be at new all-time highs quite quickly.
I added some to the long-term non-trading bags today.”
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Generated image: Midjourney