• Coinbase listing FLOKI on November 21 could boost liquidity and market interest.
• Technical analysis suggests a 30% price surge if FLOKI breaks consolidation levels.
• On-chain data shows increased transaction volume, signalling a potential bullish trend.

The announcement that Coinbase will list FLOKI, a dog-themed meme coin, on the Ethereum network has sparked widespread attention. FLOKI, the sixth-largest meme coin by market capitalization at $2.3 billion, has already gained significant traction across major exchanges such as Binance and Bybit.

However, its listing on the United States’ largest cryptocurrency exchange could signal the next big step for the meme coin in both price action and broader market recognition.

Impact of upcoming FLOKI listing on Coinbase

FLOKI’s support on Coinbase, slated to open on November 21, 2024, at or after 9 am PT, is expected to provide a substantial boost to the token’s liquidity, with trading initially available on the FLOKI/USD pair.

While this announcement led to a 14% increase in FLOKI’s price earlier, the token has experienced a modest decline of over 5% in the 24 hours following Coinbase’s official confirmation. Despite this, the trading volume surged by 17%, signalling heightened market interest.

Floki price technical analysis

The technical outlook for FLOKI is showing signs of promise, as it appears poised for a breakout. On the four-hour timeframe, technical analysis reveals a descending triangle pattern, which suggests that a potential upward move could be on the horizon.

Experts predict that if FLOKI breaks out of its current consolidation range between $0.000232 and $0.000275, the meme coin could see a 30% price surge, potentially reaching the $0.00035 level in the coming days.

The 200 Exponential Moving Average (EMA) also signals that FLOKI remains in an uptrend, with its price consistently trading above this critical level.

FLOKI’s technical indicators aren’t the only bullish signs. On-chain data reveals a sharp increase in large transactions for meme coins, with a notable 98% surge in SHIB’s transaction volume, driven by whales and institutional investors.

However, FLOKI’s open interest dropped by 12% on November 20 according to Coinglass, suggesting that traders might be waiting for a breakout to position themselves for a potential rally.

As the date for Coinbase’s listing approaches, FLOKI’s future looks promising. With the right technical momentum and broader market interest, FLOKI could be on the verge of significant price action, making it a token to watch closely in the coming weeks.

• HARD.fun allows users to easily create memecoins with Kava’s AI chatbot.
• The platform is community-driven, with governance and tokenomics voted on.
• The platform offers cross-chain support, spanning Kava, Ethereum, Cosmos, and more.

Kava, a secure and fast Layer-1 blockchain combining the power of Ethereum with the speed and interoperability of Cosmos, has launched HARD.fun, a groundbreaking decentralized memecoin creation platform.

https://t.co/SXUEdKsZhb is live! 🎉

Welcome to the first meme coin launchpad where platform fees flow back to you—the community! 🤝

✨ Launch & trade meme coins

🗳️ Vote with $HARD on key features

💎 Earn DIAMONDS and unlock rewards

Get started 👉 https://t.co/bPww07sLF9 pic.twitter.com/M213eLXkB1

— HARD.fun (@hard_protocol) November 20, 2024

This follows a vote by holders of Kava Lend’s governance token HARD, in which more than 80% of voters backed the proposal.

Designed to democratize the creation of memecoins, HARD.fun allows anyone to create and launch their own memecoin with minimal effort, using the innovative Kava AI chatbot.

The HARD.fun platform features

Unlike traditional centralized platforms like Moonshot, Pump.fun, and Gra.fun, which are controlled by developers, HARD.fun is a community-driven platform.

With a focus on ensuring that the value of memecoins is shared among the communities that support them, HARD.fun allows token holders to vote on the platform’s governance and the tokenomics of specific meme coins. This decentralized approach is in line with the core principles of cryptocurrency, where user participation and ownership drive the success of projects.

One of the standout features of HARD.fun is its integration with Kava’s AI technology. The Kava AI chatbot simplifies the process of creating a memecoin by directly querying the Kava Chain and other networks like Ethereum and Cosmos.

Kava on November 16 launched the first decentralized AI model to compete with ChatGPT at Devcon taking its AI technology a notch higher.

HARD.fun users will only need to specify the type of token they wish to create, and the platform will handle the rest, generating the coin on the chosen blockchain. This makes it easier for anyone, even those without technical expertise, to bring their creative visions to life and contribute to the growing memecoin ecosystem.

HARD.fun also embraces cross-chain interoperability, allowing users to launch memecoins that span multiple ecosystems, including Kava EVM, Ethereum, Cosmos, and others. In the future, it will extend to more chains like BNB Chain, Solana, and Tron, making these memecoins accessible and tradable across a wide range of networks.

In addition to simplifying the creation process, HARD.fun introduces a reward-sharing model that benefits memecoin holders. The platform’s governance structure enables users to vote on key decisions, ensuring that the memecoin community remains at the forefront of development.

With Kava Lend’s governance token HARD powering the platform, users can benefit from increased transaction volume and the long-term value of their memecoins.

Through this innovative initiative, Kava is positioning itself as a leader in the evolving memecoin space, bringing greater value and accessibility to the crypto community.