Although the cryptocurrency market has been volatile, Toshi meme coin has experienced a huge boom in recent days, increasing by more than 1000%. So, what are the reasons behind this big rally? Let’s examine it together.
1. Toshi Coin Coinbase Listing and Strong Links
Toshi meme coin entered the market, taking its name from Coinbase CEO Brian Armstrong’s cat. Meme coins are often inspired by popular figures. Toshi quickly gained attention by following the same strategy.
However, the most important factor that skyrocketed its price was the listing on Coinbase. Coinbase is known as one of the most prestigious exchanges in the world. This listing increased the token’s credibility and sparked investor interest. As a result, the Toshi price reached $0.002273, an increase of 1000% within days.
2. Meme Coin Craze and Increasing Demand
Meme coins have become a big trend in recent years. The excitement created by coins like Dogecoin and Shiba Inu has created a huge market for new tokens. Toshi was one of the biggest beneficiaries of this trend.
Additionally, US President Donald Trump’s launch of the TRUMP and MELANIA meme coins has further stimulated investor interest. Toshi, which was launched in September 2024, has increased by 3800% since then. It showed an incredible performance, increasing by 1000% in the last two weeks.
3. Strong Community and Tokenomics Balance
A large part of the success of cryptocurrency projects depends on community support. Toshi quickly attracted the right investor base. Users gave great support, believing in the future of the token.
Additionally, the token’s supply structure also contributed greatly to price mobility. Although Toshi’s total supply is 420.69 billion, only 408.7 billion are in circulation. Compared to other meme coins, this one has a more limited supply, which has increased demand, creating an environment where the price rises.
Toshi Coin Price Hits ATH, What’s Next?
As of now, Toshi meme coin is trading at $0.001357. Its market capitalization stands at $553.69 million and has recorded a 66% volume increase in the last day. However, it fell slightly from its peak and fell below the ATH level.
According to technical analysis indicators, Toshi has approached a critical support zone. If it makes an upward jump from here, its price could rise as high as $0.00116. However, if the selling pressure in the market continues, it may drop to $0.000516. Toshi meme coin experienced an incredible rise in just days, reaching the ATH level. However, market volatility increased the token’s volatility. If investor interest continues, we may witness Toshi rising again. We are currently in a critical region and price movements in the coming days will be shaped according to investors’ decisions.
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