For a long time, we have noted that meme coins offer significant returns during the early phases of bull markets. This trend persists as exchanges like Coinbase align with it. Following PEPE and WIF Coin, there is news of another new meme coin on the horizon. What is the current status of cryptocurrencies?
New Altcoin Listing
Shortly after WIF and PEPE Coin were added to the listing roadmap, listing news emerged. Now, Coinbase has announced that it is adding FLOKI INU to its listing roadmap as well. The listing announcement is likely to follow soon. The process of adding such well-known altcoins to the listing roadmap is typically a formality. Coinbase has included Floki Coin in its listing process, indicating it may be listed soon.
As of the writing, the price hovers above $0.00024735, targeting $0.00029473 and $0.00034971. However, this requires Bitcoin $90,965 to achieve a weekly close above $90,000.
The ongoing interest in meme coins, especially those like WIF, BONK, and PEPE that have not seen bull markets, could open doors to interesting profits. It is important for participants to be aware that rapid gains in meme coins can also lead to swift losses.