After a bullish price rally, the Toshi meme coin has become one of the most demanded cat-themed cryptocurrencies. Being built on the Base chain, it has been offering crypto, NFTs, and DeFi tools, where investors fueled its demand based on its utility. However, the question remains the same: will the TOSHI price hit $1 in 2025? Let’s discuss.
Toshi Meme Coin Price Analysis and History
The popular meme coin, TOSHI, had a rough start, as it took months to gain bullish momentum in 2023. At that time, the price hovered around $0.00003 before gaining any upward momentum in December, followed by a significant surge in January 2024.
March 2024’s bullish market hit this cat-themed meme coin for good, reaching its first major peak of $0.0006. Interestingly, this is nothing compared to its recent peak, when the TOSHI surged more than 1500%, jumping from $0.0001313 to $0.002273 in just two weeks.
However, it also experienced significant volatility in this journey, including its current situation. At present, TOSHI trades at $0.001014 after an 11% drop in the last 24 hours, with a market capitalization of $414.08M. Moreover, since the ATH of $0.002273 just six days ago, the price has declined by 55% per CoinmarketCap.
Interestingly, despite the drop, the trading volume was $104.45M, with a 115% surge, which could aid in its recovery.
Factors Driving The TOSHI’s Market Hype
During January’s TOSHI price rally, the Coinbase listing, meme currency frenzy, and institutional demand were the biggest factors. Although a controversy built around Coinbase listing, as investors questioned the exchange’s listing criteria, this buzz helped with its exponential growth.
The same factors could fuel its recovery, especially amid high trading volume, which signifies high investor interest. Moreover, whale activity is also high for this cat meme coin, with one buying $3M worth of tokens. Interestingly, crypto analyst Cavell Anderson commented on this, predicting a 2- 5x rally soon, claiming that ‘smart money is still buying.’
Will Toshi Meme Coin Price Hit $1 in 2025?
The TOSHI/ USDT trading pair shows that after following the peak, the value stabilized at its current level. This could result in two scenarios: a recovery or a further drop. A bullish recovery can push the token to the next resistance level at $0.00100. Once the token reaches this key resistance, it can aim toward $0.001346 and $0.002355 (the current ATH).
However, in contrast, if the price failed to hold the support at $0.000990, it could follow the downtrend projection, dropping lower to $0.000490. Any further declines could result in long-term bearish sentiment.
In conclusion, the most optimistic scenario for the Toshi meme coin is that its price will reach the current ATH. However, that will also depend on market sentiments and its trading volume. As a result, TOSHI’s $1 target in 2025 is less likely, but a Bitcoin bull run may change the trajectory.
Investors should analyze the token periodically to understand its future price trajectories clearly.
Bottom Line
TOSHI’s January performance has made it one of the best-performing meme tokens. However, the $1 mark remains too big a target in the current scenarios. However, things could change with the bull run, the upcoming development of the Toshi meme coin, and its role in the DeFi space.
With that, investors can watch the key support level of $0.001289, as that could be the defining zone for this cryptocurrency.
The post Will Toshi Meme Coin Price Hit $1 in 2025? appeared first on CoinGape.
