Dogecoin DOGE/USD rival coin Floki FLOK/USD experienced a significant increase in its value. This follows an announcement from Coinbase, one of the leading US crypto exchanges, about the potential inclusion of FLOKI in its future registrations.
What happened: Coinbase has revealed plans to add FLOKI to its listing roadmap. This roadmap is a tool used by the exchange to maintain transparency and prevent insider trading of coins before they are listed.
Following this announcement, FLOKI’s value saw a sharp increase from $0.000217 last week to a high of $0.000280 in a matter of hours. At the time of writing, FLOKI is trading at $0.000239.
FLOKI, which launched in 2021, is a utility token for the Floki ecosystem. Inspired by Elon Muskthe pet Shiba Inu SHIB/USDThe Floki ecosystem provides a range of decentralized finance (DeFi) services on the Ethereum ETH and basic blockchains.
Read also: Here’s how a Bitcoin whale made $179 million on a $120 investment
Why it matters: The potential listing of FLOKI on Coinbase is a significant development for memecoin.
Earlier last week, crypto analyst Bluntz predicted a substantial rise in FLOKI, forecasting that it could potentially surpass the $0.0005 level in the long term, more than double its current value.
The recent rise in FLOKI’s value following Coinbase’s announcement appears to validate this prediction.
Potentially listing on a major exchange like Coinbase could provide FLOKI with increased visibility and credibility in the crypto market, potentially leading to further increases in its value.
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