Toshi Price Skyrockets: Social Media’s Part in Meme Coin Madness

Toshi’s price just skyrocketed after being added to Coinbase’s listing roadmap. And yeah, social media is a huge part of that volatility. This whole meme coin scene is bonkers, right? We’ll dive into the factors behind Toshi’s sudden rise, look at what the charts say, and give you a heads-up about Catslap, another meme coin worth your attention. Get ready for some twists and turns as we explore these coins making waves in the crypto game.

Meme Coins and Social Media: An Unholy Alliance

Meme coins have become somewhat of a phenomenon. Their price swings are often fueled by social media hype. It’s like the wild west out there. A tweet from a big name can send a coin’s price shooting up, like when Musk mentioned Dogecoin. It’s not just about the coin; it’s about the chatter around it.

Toshi’s Price Surge: What Happened?

Toshi’s price went up 70% in mere hours, sitting at $0.0002425 as of 2:10 a.m. EST, with trading volume increasing a staggering 512% to $48.98 million. This all came after news that Toshi was added to Coinbase’s listing roadmap spread on social media. Cue the price surge of over 200%.

Toshi’s price went from $0.0001403 to $0.0003662 in just two hours, only to hit a wall at $0.00035. A bit of a pullback followed, but thankfully, support showed up at $0.00025, stabilizing things. The price then sat at $0.00028. Despite yet another failed attempt to breach the $0.00035 barrier, Toshi’s price stayed 70% higher than it was 24 hours ago, hinting at recovery potential.

Reading the Tea Leaves: Technical Analysis

After the initial surge, Toshi experienced a correction down to $0.00025 but quickly began recovering. The Bollinger Bands were pretty quiet before but widened after the Coinbase news, pushing the price above the upper band. Then, with the resistance at $0.00035, the price corrected, and the bands narrowed again, signaling some uncertainty.

After dropping further, we saw the bands widen again, hinting that traders now have a clearer picture of what comes next. The renewed buying interest was evident, with signs pointing to buyers re-entering the Toshi market.

The Relative Strength Index (RSI) is also worth mentioning. It shot up into the overbought area when bulls were buying. Naturally, a major sell-off followed, dropping the RSI from 97.91 down to 36.22. In recent hours, however, the RSI is creeping back up, signaling traders buying the dip, perhaps anticipating another price rise.

Check Out Catslap: The New Kid on the Block

If you think Toshi’s train has left the station, there’s another cat-themed crypto called Catslap (SLAP) that’s got some legs. Launched in late 2024, Catslap is based on that popular meme of a cat slapping another cat. They’ve expanded the meme’s universe to include a cat slapping all sorts of figures: Pepe, Chris Rock, Musk, MJ, Trump, and Chuck Norris, just to name a few.

The mini slapping game on the website has been a total hit, generating over 100 million slaps shortly after the addition of the Slap-To-Earn feature. Recently, they ran the SlapDrop event, giving the top 10 slappers 10,000 USDT each. Season 1 might be over, but they’re planning more, so get slapping if you want to get ahead.

Tomorrow, Jan. 16, marks the launch of the SlapDrop claim. They even added a leaderboard to track slapping scores and rankings. After that leaderboard launch and the competition’s end, SLAP’s price surged 5% to $0.002382 before correcting to $0.002334. Despite that pullback, experts are still bullish on the project, citing a potential Binance listing and other major announcements coming up.

SLAP is still a small-cap token, at a $10.2 million market cap, making it a prime buying opportunity before it potentially explodes. ClayBro, a YouTuber with over 135k subscribers, highlighted Catslap’s potential multiple times in the last weeks.

Navigating the Crazy Meme Coin Space

Investing in Toshi and Catslap can be lucrative, but don’t forget about the risks involved. Staying updated on social media trends, technical indicators, and community sentiment is key. Diversifying your investments and having clear entry and exit strategies will help manage risks. As the meme coin market evolves, being engaged with the community can offer invaluable insights.