- KuCoin’s VISA debit card now supports 55 popular altcoins and meme coins.
- Moo Deng, Peanut The Squirrel, Floki and WIF all recorded triple-digit gains over the 30-day period.
- These meme coins can also be used on Revolut Pay, Blik, and P2P Express.
KuCoin, the world’s sixth largest cryptocurrency exchange, has added seven new meme coins to KuCard and other services. On November 25, 2024, staff emailed customers to announce the addition of Dogwifhat (WIF), Floki Token (FLOKI), Moo Deng (MOODENG), Sun Dog (SUNDOG), Peanut The Squirrel (PNUT), and Grass (GRASS). sent. ).
55 cryptocurrencies are linked for card payments.
Starting with USDT only, the Seychelles-based cryptocurrency exchange has expanded its VISA debit card range to 48 altcoins. Customers of the platform can now choose from a variety of blue chip meme coins and altcoins to pay at any physical store that accepts VISA. According to the news, GRASS, ranked 158th, was the only one of the seven to record a double-digit increase in 24 hours.
FLOKI fell 2% in Monday’s cryptocurrency market correction, a brief respite after a 77% monthly rally triggered after Coinbase announced the token’s listing. Solana’s fashionable Dogwifhat is up 3.3% in 24 hours but is still 34.2% off its all-time high of $4.83. This comes amid renewed interest from speculative traders, with derivatives trading volume in the WIF cryptocurrency rising 69% since last Sunday to surpass $2.74 billion.
Floki’s price in the trenches after 77% rally
Compared to other blockchain competitors such as Dogwifhat, Floki draws less trading volume from the derivatives market. This means leveraged traders are turning to other digital assets that are considered more predictable. However, the Viking dog-themed FLOKI coin is still generating a 572.5% annual return with over $500 million in trading volume on Spot.
FLOKI, which has a market capitalization of $2.21 billion, is trading at $0.00022922 at the time of publication, according to CoinGecko. Despite facing an 8% market correction in the four days since its listing on Coinbase, the bullish scenario for the coin remains firm within an oversold position on the 4-hour chart.
A Stochastic Relative Strength Index (StochRSI) balancing between 30 and 20 means the whales may return and suffer a market downturn from Floki.
Judging by On-Balance-Volume (OBV), an indicator that measures plausible movements after the cryptocurrency price divergence, Floki is oversold. FLOKI has surpassed 20.24 trillion OBV, but retail buyer momentum has not translated into mainstream investor sentiment. Crypto whales are currently distributing their FLOKI positions as Chicken Money Flow (CMF) remains below -0.10 as of press time.
On the flip side
- The reason behind the 7% drop in Floki Token price is partly due to the delay of the Valhalla mainnet launch until the first quarter of 2025.
- The Floki team announced that it has decided to delay the flagship Play2Earn game “based on feedback from auditors.”
Why This Matters
Demand for meme coins is surging as traders turn to entertainment-focused cryptocurrency assets instead of traditional altcoins, putting the sector in the spotlight in 2024.
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