Coinbase Listing Could Send Floki (FLOKI) Price Up 500%, Analysts Say

The token has gained 12% in the past 24 hours and nearly doubled over the week, defying broader crypto market corrections and some analysts claim it could rise by 500% to as much as $0.0015732.

The price of floki (floki) has soared to a five-month high after Coinbase included the Ethereum-based memecoin in its latest round of roadmap listings.

The token is now trading at $0.00027, up 12% in the past 24 hours and nearly 100% over the week. It has also outperformed broader crypto market corrections, with the total market cap of cryptocurrencies decreasing by 2% in the past 24 hours to $924 billion.

Coinbase Listing Could Send Floki Price Up 500%, Analysts Say

Among the crypto tokens that Coinbase announced it had added to its listing roadmap on Tuesday was the Ethereum-based meme coin floki (floki). The token, named after Elon Musk's real-life dog, is now up by over 1,200% year-to-date.

Following the news, several analysts have predicted that the floki price could rise astronomically, with some saying it could increase by 500% to as much as $0.0015732.

One analyst, CRYPTO TISA, said that the floki price could be set to increase by 500%, taking it to $0.0015732.

“Coinbase listing will send floki price up 500%,” the analyst wrote, adding that the price of $0.0001 will be "child's play."

Another analyst, Scofield on X, said that the price of $0.001 seems like a reasonable explanation. He explained that the floki listing on Coinbase is not just another exchange listing but a validation of what the team has been building and working towards.

“Strongest fundamentals, real utility, and now backed by the most trusted name in crypto,” the analyst wrote.

After the news was announced, the price of floki Inu surged 21% in under an hour to a five-month-high price above $0.00027. The cryptocurrency is now up by 13% in the last 24 hours, making up for earlier losses during a broader market correction.

Coinbase recently made rapid changes in its listing, suggesting its growing openness to meme coins. However, the exchange has also faced criticism for listing memecoins without proper vetting, leading to several delistings in the past.

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