- KuCoin’s VISA debit cards now support 55 popular altcoins & meme coins.
- Moo Deng, Peanut The Squirrel, Floki & WIF all hit triple-digit 30-day gains.
- These meme coins are also available for Revolut Pay, Blik & P2P Express.
KuCoin, the sixth largest cryptocurrency exchange worldwide, has added seven new meme coins to KuCard and other services. On November 25, 2024, the staff emailed their customers to announce the addition of Dogwifhat (WIF), Floki Token (FLOKI), Moo Deng (MOODENG), Sun Dog (SUNDOG), Peanut The Squirrel (PNUT), and Grass (GRASS).
55 Cryptos Plugged in for Card Payments
Starting with USDT-only, the Seychelles-based crypto exchange expanded its VISA debit card range to 48 altcoins. Now, the platform’s customers can choose from a wide range of blue-chip meme coins and altcoins to pay in all physical shops that accept VISA. Upon the news, the #158 ranked GRASS was the only one out of seven to register double-digit gains in 24 hours.
FLOKI slid 2% in Monday’s crypto market correction, taking a break after a 77% monthly bull race, ignited after Coinbase announced the token’s listing. Solana’s fashionable Dogwifhat inked 3.3% gains in 24 hours but is still 34.2% away from its all-time peak at $4.83. This comes amid a resurgence of speculative trader interest, as WIF crypto’s trading volume on Derivatives topped $2.74 billion with a 69% upswing since last Sunday.
Floki’s Price In The Trenches After 77% Rally
Compared to other blockchain dog rivals like Dogwifhat, Floki fetches a smaller trading volume on Derivatives markets, meaning that leveraged traders turn to other digital assets that are seen as more predictable. However, the Viking dog-themed FLOKI coin still garners over $500 million in trading volume on Spot, yielding 572.5% gains yearly.
According to CoinGecko, FLOKI, which has a $2.21 billion market cap, trades at $0.00022922 at publication time. Despite facing an 8% market correction in 4 days after the Coinbase listing, the coin’s bullish scenario solidified within the oversold position in 4-hour charts.
Balancing between 30 and 20, the Stochastic Relative Strength Index (StochRSI) means that whales could come back to have a bite of Floki’s market dip.
Judging by the On-Balance-Volume (OBV), the metric measuring the plausible movements after crypto price divergences, Floki’s oversold status is reassured. FLOKI surpassed 20.24 trillion OBV, but the retail buyer momentum hasn’t transcended into major investor sentiment. Currently, crypto whales are distributing their FLOKI positions, as the Chaikin Money Flow (CMF) dwells below -0.10 as of press time.
On the Flipside
- The 7% backdrop for Floki Token’s price is partly due to the delay in the launch of the Valhalla mainnet until Q1 of 2025.
- Floki’s team announced the decision to postpone the flagship Play2Earn game “in line with feedback from auditors.”
Why This Matters
The spurring demand for meme coins has placed the sector on the pedestal in 2024, as traders turn to entertainment-focused crypto assets instead of traditional altcoins.
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