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In the unpredictable realm of cryptocurrencies, memecoins, once written off as internet jokes, have evolved into a multi-billion dollar market. With their ability to combine entertainment and investment opportunities, memecoins are attracting not only casual investors but also financial institutions and even the current U.S. president, Donald Trump.Â
However, in a world where memecoins rely heavily on hype and the excitement of their communities, TOSHI seeks to offer more than just memes. What is TOSHI? What utilities does it offer that sets it apart from other memecoins? Is it worth investing in? This guide will provide a detailed answer to all these questions and more.
Toshi is a memecoin launched on the Ethereum layer-two (L2) blockchain created by Coinbase, Base. Dubbed the âface of Baseâ, the memecoin was named after Coinbase CEO Brian Armstrongâs cat and the pseudonymous creator of Bitcoin, Satoshi Nakamoto.
Despite being launched in 2023, TOSHI has only recently started making waves, becoming the top cat-themed memecoin in demand. At the time of writing, the token was trading at $0.0011, with a market cap of over $422 million.Â
According to data from CoinGecko, the memecoin has a current circulating supply of 420.69 billion tokens, which is also the total supply of TOSHI.Â
Despite being marketed as a memecoin, TOSHIâs ultimate goal is to become a memecoin with intrinsic value. Hence, the Toshi ecosystem offers users several utilities that make it stand out in the memecoin market. Hereâs a list of them:
NFToshi is a collection of cat-themed non-fungible tokens (NFTs) designed to give holders a piece of the Toshi ecosystem. The first collection of NFToshis was launched in August 2023, with 3,000 tokens.
However, the most recent collection, dubbed NFToshi 2.0, is a collection of 5,000 NFTs with unique traits that focus on the projectâs rebranding. The new collection offers a more engaging and visually appealing experience with fresh artwork and a heightened sense of purpose within the Toshi ecosystem. The NFTOSHIS 2.0 collection is available for trading on the NFT marketplace, Magic Eden.
Toshi also offers users access to a full suite of decentralized finance (DeFi) tools called Toshi Tools. The toolset is designed to help developers build and launch decentralized applications (dApps) on the Base network. The tools allow developers to streamline their operations while remaining fully transparent.Â
Some of the tools available on Toshi Tools include:
ToshiMart is a memecoin launchpad and trading platform, similar to Solanaâs Pump.fun. The platform allows anyone to create their own memecoins on the Base network without any technical knowledge.Â
Toshi employs a community-driven model that empowers token holders to influence important decisions that can affect the projectâs growth. MEOW DAO is a decentralized autonomous organization (DAO) that allows TOSHI holders to vote on important community proposals.
The TOSHI token is available for trading across multiple centralized (CEXs) and decentralized exchanges (DEXs).
When buying TOSHI, you need to decide what type of exchange to use, either a centralized or decentralized exchange. This guide will give you a detailed step-by-step process on how to buy the memecoin on a centralized exchange.Â
Since its creation, TOSHI has recorded astronomical growth, rising from $0.0000000018 in October 2023, to a little over $0.001 in February 2025. The token has recorded a year-to-date increase of over 600%.
On January 26th, the token hit an all-time-high (ATH) price of $0.002, however, it has since retracted by over 50% amid broader bearish market conditions. The rally was largely influenced by the memecoinâs Coinbase listing, which bolstered investorsâ confidence.
Coinbase will add support for Toshi (TOSHI) on the Base network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
â Coinbase Assets đĄïž (@CoinbaseAssets) January 22, 2025
Based on historical data, TOSHI could retest its ATH level before the year ends. Another listing on a leading crypto exchange, such as Binance, could even propel the tokenâs price to $0.003.Â
The tokenâs utility, like the Toshi Tools, could further increase its long-term value. While these features are currently in their budding stages, they could potentially boost TOSHIâs price as they gain more popularity in the future.Â
If you are thinking about investing in TOSHI, there are a few things to consider. TOSHI aims to offer something more than memes. While its growth so far has been largely fueled by hype, the utilities the digital asset offers have the potential to sustain its long-term growth.Â
Additionally, memecoinâs remarkable price performance over the past month highlights the influence of community-driven tokens in the crypto market. The recent listing on several leading crypto exchanges, including Coinbase and Bybit, further emphasizes TOSHIâs credibility.
Therefore, if you intend to diversify your investment portfolio with memecoins, you can consider buying TOSHI. However, always do your due diligence before buying any digital asset, and never invest more than you are willing to lose.
The post A Quick Guide to Understanding the TOSHI Memecoin appeared first on Cointab.
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