KuCoin, the sixth-largest cryptocurrency exchange worldwide, has added seven new meme coins to its KuCard and other services.
A new era of in-store crypto payments begins: crypto enthusiasts can choose from a plethora of trending memecoins.
On November 25, 2024, the team sent an email to 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 Cryptocurrencies Plugged In for Card Payments
Starting with just USDT, the Seychelles-based crypto exchange has expanded its VISA debit card range to 48 altcoins.
Currently, the platform's customers can choose from a variety of meme coins and blue-chip altcoins to pay at all physical stores that accept VISA.
Following the news, GRASS ranked#158was the only coin out of the seven to record double-digit gains in 24 hours.
FLOKI fell 2% during Monday's crypto market correction, taking a breather from a 77% monthly rally that exploded after Coinbase announced its token listing.
Solana's trendy Dogwifhat is up 3.3% in 24 hours but is still 34.2% away from its all-time high of $4.83.
This comes amid a surge in speculative trader interest, as WIF cryptocurrency trading volume on Derivatives peaked at $2.74 billion with a 69% increase since last Sunday.
Floki Price Drops Sharply After 77% Surge
Compared to other blockchain dog competitors like Dogwifhat, Floki has a smaller trading volume in the derivatives market, meaning leverage traders are moving to other digital assets that are considered more predictable.
However, the Viking dog-themed FLOKI coin still attracted over $500 million in trading volume on Spot, delivering a 572.5% year-to-date gain.
According to CoinGecko, FLOKI, which has a market capitalization of $2.21 billion, is trading at $0.00022922 at the time of publication.
Despite facing an 8% market correction in the four days following its Coinbase listing, the coin’s bullish scenario has consolidated in an oversold position on the 4-hour chart.
Balanced between 30 and 20, the Stochastic Relative Strength Index (StochRSI) means whales could be back to benefit from the Floki market pullback.
Judging by On Balance Volume (OBV), a measure of reasonable movements after cryptocurrency price divergences, Floki's oversold condition is confirmed.
FLOKI has surpassed 20.24 trillion OBV, but retail buyer momentum has yet to translate into large investor sentiment.
Currently, crypto bulls are distributing their FLOKI positions, as Chaikin Money Flow (CMF) is below -0.10 as of press time.
The growing demand for meme coins has pushed the sector to the forefront in 2024, as traders turn to entertainment-focused crypto assets instead of traditional alternative cryptocurrencies.
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