Coinbase will add support to Folki on its Ethereum network on November 21st, thanks to the coin’s global popularity. The news likely has kept FOLKI price uplifted, with the current state is at a premium of 7%.
Coinbase Adds Another Memecoin To List
Coinbase recently announced that it will provide support for FLOKI, if the coin satisfies all the liquidity requirements. Given the listing comes after the requirements are fulfilled, users will start trading it on Thursday, November 21st.
The exchange added that after a “sufficient supply of Folki is established,” it would start trading the FLOKI/USD pair in stages. Only traders in supported regions will be able to utilize the meme token’s support on Coinbase.
After the US presidential election, the token and the whole cryptocurrency market had an amazing bounce, with gains of around 60% over the previous month.
Coinbase Adds Support For Multiple Memecoins
Coinbase has been adding memecoins to its trading list recently. The focus on memecoins comes at a time when globally, investors have been more keen at keeping a money flow towards meme based tokens.
Previously, the platform had extended support for PEPE and dogwifhat (WIF). These two memecoins have especially garnered a lot of attention from the market, given that traders have been looking at options other than Bitcoin and Ethereum for investment.
FLOKI Price Prediction: What To Expect?
Floki At present is seeing a surge of 7% at $0.0002662, making it evident that investors are happy about the listing on CoinBase. Additionally, the coin’s technical indicators show that the Fear & Greed Index is currently at 83 (Extreme Greed). This is likely due to the optimism in the crypto market post the 2024 US elections and the overall craze for memecoins.
Also, Floki had 27.13% price volatility during the previous 30 days and 16/30 (53%) green days. Market parameters also indicate that the overall mood for Floki price prediction is positive, with four technical analysis indicators indicating negative signs and 25 indicating bullish indications.
Floki Inu’s 200-day SMA is expected to increase over the course of the upcoming month. Market participants usually use a well-liked indicator for determining if a cryptocurrency is overbought (above 70) or oversold (below 30) called the Relative Strength Index (RSI) momentum wave.
As of right now, the FLOKI market is overbought, according to the RSI reading of 70.97. Therefore looking at all the indicators, FLOKI’s price is expected to rise in the future.