With Bitcoin surging to a new all-time high, meme coins appear ready for a major comeback and Dogecoin (DOGE) is leading the charge. Meanwhile, Toncoin continues to face significant disruption as selling pressure intensifies.
Cutoshi, a newcomer in the meme coin space, is turning heads with its unique appeal and DeFi Its viral presale crossing the $720,000 mark in raised funds.
Dogecoin’s Path To $1 Is Clearing Up
With the biggest Dogecoin supporter, Elon Musk, playing a crucial role in Donald Trump’s election victory, Dogecoin (DOGE) could be in for a wild ride. As it became clear who the next president would be, Dogecoin’s price immediately reacted, tearing through the $0.18 resistance and tapping the elusive $0.20 mark.
Predictably, at that level, trailers began to take profit, forcing Dogecoin to retrace. At press time, Dogecoin sells for $0.19 with a 4.4% intraday decrease, barely putting a dent into its 80% monthly surge. If this momentum is sustained, Dogecoin could reclaim its yearly peak of $0.22 by the end of the year, and once the bull run is in full swing, the $1 target could become a reality sooner than expected.
Toncoin Is Still Rangebound
Despite the crypto market seeing bullish trends Toncoin is struggling to break out of the descending trendline that has been acting as a dynamic resistance level for the past few months. Currently, Toncoin sells for $4.91 with a 4.2% intraday increase, a mediocre rebound that takes the Toncoin price closer to the critical $5 level.
Zooming out on the chart, it’s apparent that Toncoin still has a long way to go before it reclaims the $8 all-time high. However, there are also bullish signals tipping the scales in its favor. For starters, Toncoin is seeing continuous growth in activity with 112 million unique users as it taps directly into the Telegram community, which boasts 900 million users. Moreover, Toncoin is gaining traction as one of the most prolific gaming platforms, supporting viral play-to-earn titles such as Hamster Kombat and Ton Ship.
Cutoshi Will Make Dreams Come True
Given their lack of real utility, most meme coins are ill-equipped for long-term sustainability. This is why Cutoshi could become among the outliers in this space.
Cutoshi leverages a state-of-the-art, community-backed DEX platform that connects isolated blockchains and allows for near-instantaneous swaps across a wide range of assets for the lowest possible price.
With CUTO FARM, users will be able to earn substantial monetary prizes in several ways. Users can earn more $CUTO tokens by staking $CUTO, providing liquidity, or completing missions and tasks aimed at boosting Cutoshi’s presence in the crypto space.
Furthermore, NFTs and merchandise will soon be available. Users will be able to rep their favorite meme coin both offline and online while spreading Cutoshi’s message, inspired by the teachings of Satoshi Nakamoto. With its focus on decentralization and privacy, Cutoshi has a very simple goal: to bring prosperity and wealth to its community, just like the Lucky Cats of Chinese tradition bring prosperity to businesses.
For more information on the Cutoshi (CUTO) Presale:
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https://twitter.com/CutoshiToken
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