TL;DR Toshi (TOSHI) soared by triple digits after being embraced by popular crypto exchanges like Coinbase. TOSHI is not the only meme coin well in the green, with DOGE, SHIB, WIF, and many more pumping substantially. The Coinbase Effect The past 24 hours have been quite successful for the bulls, with numerous cryptocurrencies registering impressive price spikes. Some notable gainers include Ripple (XRP) and Cardano (ADA). Interestingly, the lesser-known Toshi (TOSHI) is one of the tokens outperforming all cryptocurrencies in the top 100 club . The cat-themed meme coin, launched on multiple blockchains like Solana and Base, saw its valuation skyrocketing by over 110% on a daily scale , reaching a one-month high of $0.00036788. In the following hours, it slightly retraced and is currently trading at approximately $0.0002957. TOSHI Price, Source: CoinGecko TOSHI’s rally could be attributed to Coinbase, which added the asset to its roadmap earlier today (January 15). It is important to note that tokens in that zone must meet certain criteria before being officially listed. Shortly after, another well-known crypto exchange – Crypto.com – allowed trading services with TOSHI. “Crypto.com App users can now purchase TOSHI easily with USD, EUR, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the Crypto.com Visa Card,” the announcement reads. Receiving support from industry leaders like Coinbase and Crypto.com usually has a positive effect on the price of the involved cryptocurrency due to a liquidity boost, increased availability, and improved credibility. The same thing was observed last year when Coinbase put Tensor (TNSR) – the native cryptocurrency of the leading Solana NFT marketplace – on its roadmap section. The asset’s price shot by 70% shortly after the disclosure. What About the Other Memes? The meme coin sector rebounded in the past 24 hours, with Dogecoin (DOGE), Shiba Inu (SHIB), dogwifhat (WIF), ai16z (AI16Z), Akuma Inu (AKUMA), Snek (SNEK), and more, being well in the green. The very few memes whose prices remain in the red territory include SPX6900, Peanut the Squirrel (PNUT), and some others. It is interesting to note that the meme coin inspired by the eponymous pet named Peanut witnessed a price increase of 30% on January 14, following support from Coinbase. Currently, though, it is worth around $0.58, representing a 7% decline on a daily scale . The post This Meme Coin Explodes by 110% Following Support From Coinbase appeared first on CryptoPotato .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
COW and TOKEN are now available for trading!
We’re thrilled to announce that CoW Protocol and TokenFi are now available for trading on Kraken! Funding and trading Cow Protocol and TokenFi trading will be live as of 15:00 PM UTC today, January 15, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit.’ Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost. Trade on Kraken The new tokens are tradeable on Kraken and Kraken Pro with the following parameters: Asset Pair Price decimal precision Minimum order size Minimum deposit COW USD, EUR 0.0001 20 20 TOKEN USD, EUR 0.00001 100 100 Note: Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched). COW is not available in DE . TOKEN is not available in DE . Here’s some more information about these assets: CoW Protocol (COW) is the native token of CowSwap, a decentralized exchange focused on creating efficient and user-friendly trading. CowSwap optimizes trade settlements by leveraging batch auctions and preventing front-running. The COW token serves as a governance token and is used to incentivize liquidity providers and participants of the exchange. TokenFi (TOKEN) is the native token of the TokenFi platform — a seamless, user-friendly environment for managing and trading tokenized real-world assets . TOKEN is used to enable transactions, provide governance and as an incentive within the TokenFi platform. Ready to trade but don’t have a Kraken account yet? Sign up today ! Get Started with Kraken Will Kraken make more assets available? Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here , and all future tokens will be announced on our Listings Roadmap and social media profiles . Our client engagement specialists cannot answer any questions about which assets we may be making available in the future. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here . The post COW and TOKEN are now available for trading! appeared first on Kraken Blog . Crypto Potato
Dogecoin News Update: Why DOGE Whales Are Turning to This Trending New Crypto Despite Trump`s Inauguration
Preparations are complete for Donald Trump’s inauguration as the next president of the United States, following his election win that triggered a surge in cryptocurrency prices. With “Dogecoin influencer” Elon Musk playing a significant role in Trump`s victory, there is speculation that DOGE price might experience a strong rally as January 20 nears. Yet, is there another crypto phenomenon gaining the interest of DOGE whales, potentially offering larger profits than DOGE? Keep reading for more insights. DOGE price stumbles as Dogecoin`s new year`s surge fades Dogecoin kicked off the new year with a bang, attempting to recover from last month`s losses within the first week. Nonetheless, this surge was short-lived. The DOGE price declined soon after, as fear, uncertainty, and doubt (FUD) prompted weak holders to sell. Dogecoin has since continued its downward trajectory, falling by around 20% over the past month. Despite this, not all hope is lost for the meme coin leader. Dogecoin’s daily trading volume remains in the billions, showing genuine investor interest. Furthermore, Dogecoin whales have accumulated millions of DOGE recently, which seems to have temporarily halted the decline. While this is positive news for DOGE, rumors persist about DOGE whales acquiring large quantities of other cryptocurrencies. This split attention might explain why DOGE hasn’t gained momentum, despite its significant trading volume. Impact of Trump’s Inauguration on DOGE Price The prevailing belief within the crypto community is that a turnaround is imminent, particularly for Dogecoin. With Donald Trump, a figure supportive of cryptocurrencies, stepping into office, there`s a good chance of an upcoming bull market. Trump has appointed Paul Atkins, a known advocate for crypto, to head the Securities and Exchange Commission. Paul is expected to ease the SEC’s grip on crypto projects and introduce regulations that favor cryptocurrencies, potentially boosting their adoption. This change is likely to drive Dogecoin’s price upward. Analysts predict a robust rally post-inauguration, with Dogecoin poised to recover its losses and embark on a steady rise to reach a new peak. Boosting Your Crypto Returns Trump’s inauguration is set to significantly influence cryptocurrency prices, similar to the effect of his electoral win. While established coins like DOGE are expected to climb as he enters the White House, new and innovative tokens like Remittix are anticipated to see the most appreciation. In case you haven`t heard, Remittix is a groundbreaking protocol enabling anyone to send fiat to any bank account directly from their wallets. It boasts strong fundamentals, revolutionary utility, and is gaining traction in the crypto world. RTX is already enjoying a strong rally, and the Trump inauguration will highlight its innovative status, attracting more users. This gives it enormous potential for substantial gains for early investors. Cryptocurrency analysts are forecasting that RTX will ride the forthcoming bullish trend, potentially going viral and offering investors up to a 10,000% return on investment. This makes joining the presale a compelling option for crypto investors eager to capitalize on this opportunity. Explore the future of PayFi with Remittix by visiting their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice. Crypto Potato