The odds have never been more stacked in Dogecoin’s favor. With the pro-crypto candidate Donald Trump winning the US presidential election, and most famous Dogecoin supporter, Elon Musk, set to head the new Department of Government Efficiency (conveniently codenamed D.O.G.E.), Dogecoin is in for a ride as it already tripled in price over the last few weeks.
Meanwhile, Cutoshi is also making waves in the space as it entered the trending category on X. Cutoshi is a newcomer on the meme coin frontier and it has already set itself apart with its unique blend of meme coin energy and DeFi utility. Let’s dive deeper.
Dogecoin Consolidation Around $0.38 Mark Continues As Bulls Refuel
Over the last month alone, Dogecoin skyrocketed by nearly 200% as it broke out of its trading range around $0.13 and tore through several resistance levels, peaking at $0.42 for the first time since 2021. At press time, Dogecoin currently sells for $0.38 with a slight 1.8% intraday decline and a 29% drop in trading volume, with about $8.3 billion worth of DOGE traded on exchanges in the last 24 hours.
All eyes are on Dogecoin now, as the amount of daily active addresses has reached a new peak with 1.33 million DOGE holders participating in the market. Moreover, according to analyst Ali Martinez, whales are accumulating massive amounts of DOGE, adding over $550 million to their positions in the last week. These two factors combined highlight the growing interest in Dogecoin as an asset, meaning that the real moon mission hasn’t even started yet.
Crypto influencer, Trader Tardigrade has posted a chart analysis in support of Dogecoin’s bullish thesis, that leverages the Gaussian Channel indicator. In his opinion, Dogecoin is approaching escape velocity and could soar much higher than $1 in the upcoming months, mimicking its 2021 price action on a much larger scale.
Cutoshi Is Turning Heads With Cross-Chain Capabilities And Intriguing Reward System
Cutoshi is a hot new meme coin inspired by the Lucky Cat of Japanese legends. These cats are said to bring good fortune and wealth to businesses and Cutoshi does the same on the blockchain. The project boasts a complex ecosystem that offers a wide array of features which include state-of-the-art decentralized exchanges, an educational platform, and a generous revenue-share mechanism.
With its unique DeFi utility and focus on community, Cutoshi draws a demarcation line that sets it apart from most meme coins purely driven by hype, with little to no substance backing their value.
In a world where personal data is commodified, Cutoshi adopts the principles of decentralization and privacy, echoing the teachings of Bitcoin creator Satoshi Nakamoto. The project’s flagship feature is CUTO DEX, a non-custodial, cross-chain exchange that will allow for near-instantaneous swaps across isolated blockchains.
Via the Cuto Farming initiative, which is already live, users can participate in fun missions and events, aimed at boosting Cutoshi’s presence on social media. These efforts are already paying off, as Cutoshi is often seen trending on X, alongside Bitcoin. For their loyalty, users receive CUTO points which can later be redeemed for $CUTO tokens once the presale wraps up and the official market launch starts.
Currently, in the third stage of the presale, Cutoshi is already enjoying significant attention as over $900,000 has been already raised. $CUTO tokens sell for just $0.0259, but chances are that this price won’t stay this low much longer, as demand is steadily increasing.
For more information on the Cutoshi (CUTO) Presale:
https://cutoshi.com/
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
