One of Dogecoin (DOGE) competitors soared after being added to the listing roadmap of leading US crypto exchange Coinbase.
In a new announcement, Coinbase said this is the addition of the memecoin Floki (FLOKI) to its listing roadmap, which the exchange uses for transparency reasons and to prevent insider trading of coins before they are listed.
News of the potential listing caused a sharp rise in FLOKI, taking the memecoin from a low of $0.000217 on November 14 to a peak of $0.000280 a few hours later. At the time of writing, FLOKI is trading at $0.000239.
FLOKI, launched in 2021 and inspired by Elon Musk’s pet Shiba Inu, serves as a utility token for the Floki ecosystem, which offers various decentralized finance (DeFi) services on Ethereum (ETH) and basic blockchains.
Earlier this week, pseudonymous crypto analyst Bluntz said its 290,900 followers on social media platform
Longer term, Bluntz predicts FLOKI would break above the $0.0005 level, still more than twice current levels.
“The ABC macro on FLOKI appears to be over with a three month accumulation pause getting closer every day, once it gives way we will hit new all time highs pretty quickly in my opinion.
I added some to the long term non-commercial bags today.
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