TOSHI MEME coin intraday volatility exceeds 260%, how to view the future market?
Toshi is issued on the Base chain, a meme coin with a cat theme, named after the cat of Brian Armstrong, the founder and CEO of Coinbase. In 2023, Armstrong revealed on a podcast that his pet’s name is Toshi, and he said that the name is a derivative of the Bitcoin creator Satoshi Nakamoto.
TOSHI has recently frequently launched new trading platforms, stimulating the market demand for TOSHI. According to the market data of Gate.io, TOSHI is currently priced at $0.0002358, with a peak increase of 260% in the past 24 hours, which has now narrowed to 65%. TOSHI’s current market capitalization is $99 million, ranking 527th in the overall market. During the meme craze in April 2024, TOSHI once surpassed a market value of $300 million. With more trading platforms going online this time, will TOSHI break through the previous high?
TOSHI Market Analysis
Trading data
- Latest Price: 0.00023581 USDT
- 24-hour increase: 1.95%
- 24-hour high: 0.00041199 USDT
- 24-hour lowest price: 0.00008 USDT
- 24-hour trading volume: 90,898,914,801 TOSHI
- Market Cap: 59,218,807 USDT
Trading Strategy Suggestions
Strategy 1: Short-term rebound trading
- Direction: Bullish
- Entry Price: 0.00024 USDT
- Stop Loss Price: 0.00022 USDT
- Target Price: 0.00030 USDT
Reason: The current price is close to the 24-hour low, and the market may rebound. Considering the increase within 24 hours, it may continue to rise in the short term. Set a stop loss to control risks, and set the target price at 0.00030 USDT, in line with the expectation of a short-term rebound.
Strategy 2: Breakthrough Trading
- Direction: Bullish
- Entry price: 0.00030 USDT (at the breakout)
- Stop-loss price: 0.00028 USDT
- Target price: 0.00040 USDT
Reason: If the price breaks through 0.00030 USDT, it may trigger more buying interest and form an upward trend. The stop-loss is set at 0.00028 USDT to prevent the risk of false breakthroughs, and the target price is set at 0.00040 USDT, based on the expected historical high point.
Outlook
TOSHI, as a meme coin, has attracted a lot of attention with its unique cat image and Bitcoin background. Similar to successful meme coins such as Floki and Dogecoin, TOSHI was initially mainly spread virally, but it is gradually evolving towards a more practical direction. This transformation may enhance its competitiveness in the market and bring more opportunities for long-term investors.
Although its price fluctuates greatly, TOSHI demonstrates long-term potential through deep integration with the Base blockchain and community-driven decentralized governance. Further market expansion and increased ecosystem functionality may be key to its future success.
