Dogecoin (DOGE) is making headlines with its historic comeback, which saw its price triple in the span of a few weeks. However, a new entry in the meme coin space could soon take the spotlight as it has much greater room for growth.
Cutoshi combines meme coin energy with DeFi functionality to offer the ultimate moonshot package. The presale of the $CUTO token has already raised over $1 million in record time, as thousands of investors flock to get an allocation.
Dogecoin Is Ready For The Next Leg Up As Bullish Signs Appear On The Chart
Dogecoin (DOGE) firmly occupies the 7th place on the crypto leaderboard with a $59.2 billion market cap, worthy of a Fortune 500 company. After ranging around the $0.11 mark for months, Dogecoin exploded once Donald Trump was confirmed as the 47th president of the United States. With a 200% monthly surge, Dogecoin peaked at $0.47; however, as investors started booking profits, it retraced, entering a cool-off phase.
At press time, Dogecoin sells for $0.40 with a 3.8% intraday rebound for the $0.38 support.
On X, crypto influencer and trader Bluntz Capital has shared a chart reading showing that on the 1-hour chart, Dogecoin has broken out of an ascending channel pattern and is heading again toward the $0.44 resistance.
When it comes to Dogecoin’s long-term performance, renowned analyst KrissPax has set an ambitious target that could see the DOGE price reach $3 at the height of the bull market. To substantiate his thesis, KrissPax has looked into Dogecoin’s peaks throughout the previous cycles while taking into consideration the meme coin’s magnitude and larger market cap.
It’s safe to say that Dogecoin has entered a phase of diminishing returns and that other undervalued meme coins could outpace it in terms of returns. As a low-cap project, Cutoshi could soon mimic Dogecoin’s past runs in 2025.
Cutosh i Is About To Set A New Standard For Meme Coins
Most meme coins suffer from the same major drawback, they offer virtually zero utility and rely solely on hype as their main driver of growth. While this model can yield massive gains in a bull market, once the hype dies down, they plummet never to recover again.
This is why Cutoshi is built with longevity in mind. The project embodies the values of privacy and decentralization that inspired Satoshi Nakamoto to create Bitcoin. Behind the cutesy and cartoonish surface, Cutoshi boasts a state-of-the-art DeFi ecosystem, at the center of which is CUTO DEX. This is a non-custodial decentralized exchange that integrates disconnected blockchains and allows for seamless swaps across a multitude of assets at the lowest possible fees.
Users are incentivized to engage with the ecosystem. In exchange for their loyalty, they will receive hefty rewards. Cutoshi is designed to grow with its community and members will have the opportunity to complete various quests and tasks aimed at spreading awareness and boosting the project’s presence on social media.
Moreover, Cutoshi has just launched a contest, inviting everyone to share their best memes for the chance to win a cut from the $2,000 prize pool. Readers who want to learn more can do so here.
Stage 3 of the $CUTO presale is about to wrap up and the chance of snatching the token at $0.0259 is getting slimmer by the hour.
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
