Coinbase Lists Keycat Crypto, Sends Price Soaring – Is This Solana Meme Coin Next?

2 days ago 23

Despite the broader market uncertainty and recent bearishness, top-tier CEXs continue to list high-upside meme coins, likely in preparation for the upcoming bull run, which is expected to start early in the second quarter.

Coinbase has added the popular Base meme coin, Keyboard Cat (KEYCAT), to its asset listing roadmap, a precursor to its launch on the CEX.

The KEYCAT price is up by over 50% since the listing, despite the significant selling pressure on the broader crypto market.

There is now significant speculation as to which meme coin could be the next to get listed on Tier-1 CEXs like Coinbase and Binance, with Solaxy (SOLX) emerging as one of the standout choices.

Is Keycat The Best Crypto To Buy Now Following Coinbase Listing?

Coinbase meme coins tend to deliver outsized returns during a bull market due to the exchange’s vast user base and daily volume.

It is not without reason that the Keycat price is up by over 50% since the announcement, extending its gains to over 200% since its March 10th bottom.

The 300% increase in its trading volume suggests the possibility of bullish continuation. However, sidelined investors need to exercise caution. For starters, the broader market outlook remains significantly bearish.

Coinbase also added DeFi token Pendle, Layer-2 rollup AltLayer, and gamified learning coin L3 to its roadmap. However, none saw a significant bounce — a sign of how strongly broader market bearishness continues to weigh on sentiment.

Similarly, the exchange added another Base meme coin, Doginme, to its roadmap. While the meme coin saw an initial 350% rally, it is now down by nearly 60%.

A similar fate likely awaits Keycat. The Base meme coin has formed a bearish divergence in its 4-hour timeframe

If the divergence continues to play out, the Keycat price could test the $0.004 level. Consequently, experts aren’t including it in their lists of best cryptos to buy just yet. However, its Coinbase listing means it could be an attractive investment in the second-quarter bull run.

Could Solaxy Be The Next Coinbase Listing?

Solaxy (SOLX), the first prominent Solana Layer-2 coin, is gaining traction as the next potential Coinbase listing.

Solaxy uses zero-knowledge rollup architecture, along with data availability tools like Celestia and a Hyperlane-powered multi-chain bridge, to tackle the network congestion issues on Solana.

The project promises low-latency transactions, exponential scalability and zero downtime on both chains.

Considering that most top Bitcoin and Ethereum layer-2 coins have multibillion-dollar valuations, SOLX has emerged as an appealing investment.

Experts believe Solaxy could list on Tier-1 CEXs like Coinbase and Binance. After all, Coinbase has been listing high-utility projects like AltLayer, Pendle and L3. Moreover, the CEX is accepting low-cap meme coins like Doginme, especially if they have strong community support.

Combining these two qualities, Solaxy appears to be the perfect fit. It is a high-utility, low-cap meme coin with strong community support, evident by the fact that it has raised nearly $29 million in its presale.

Solaxy will go live on CEXs, including potentially Coinbase, amid the second quarter bull market, which could result in a significantly stronger post-listing rally.