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Aside from their volatile nature, meme coins remain the most valuable digital assets in the world. For NFT Davies, the meme coin super cycle is on, but only a few meme coins can fit into the $50B market cap narrative. The analyst believes the Pepe Coin is among the few that will perform well during this cycle.
Meanwhile, the question remains, which meme coin will trump Dogecoin in popularity? Although Dogecoin has been around for over 10 years, experts suggest Cutoshi has the tools and features to outrank DOGE in the market. The growing interest in the CUTO token in the ongoing presale confirms that. With the non-custodial trading platform, analysts project 50x for CUTO soon.
Cutoshi Gains Momentum, Threatening The Dominance Of Pepe Coin And Dogecoin
Interest in early meme coins like Dogecoin and Pepe is waning gradually as investors seek emerging cryptos with huge potential. Cutoshi (CUTO) is a crypto project that has come to dominate the meme coin space. It has successfully raised over $550k within a few weeks of launching the presale and is predicted to hit $1M by end of month.
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Moreover, Cutoshi draws inspiration from Satoshi Nakamoto by creating a DeFi ecosystem that prioritizes security, freedom, privacy and monetary empowerment to the masses. The Cutoshi ecosystem harbors an innovative non-custodial multi-chain DEX. On this exchange, users can perform token swaps across different blockchains.
Furthermore, users can also benefit from the Cutoshi Farming mechanism, which rewards users with CUTO tokens when they participate in quests, etc. Those who wish to broaden their knowledge about DeFi and crypto trading can use the Cutoshi Academy.
At the stage 2 of the presale, CUTO is sold for $0.022. It has a limited total supply of 440M, with 55% allocated for presale. Given the deflationary nature, analysts believe token scarcity is imminent. As such, they forecast 500% rallies in presale and 50x growth when it is listed in an exchange like Binance.
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Analyst Predicts Massive Momentum For Pepe Coin
Pepe (PEPE), like other meme coins like Floki, has shown signs of a massive breakout in the past few days. However, with Pepe struggling to break out of a crucial resistance zone, market conditions have slowed down, which has seen Pepe’s price decline by 3% in the past day, as per CoinMarketCap. Even at that, investors’ interest in Pepe has continued to grow as trading volume continues to boom.
Meanwhile, Pepe traded above the 50-day MA on the weekly timeframe in the past month and technically made a new bottom on the long-term channel up based on crypto analyst Trading Shot Pepe’s technical analysis on X. The trader thinks that even though a retest is possible based on the last bullish leg, we can expect a long-term target of $0.000030 for the Pepe token.
Source: Trading Shot on X
Zooming in, Pepe Coin has a bullish market sentiment and a price volatility of 12%. Also, Pepe’s price is above the 50-day and 200-day SMA, signaling bullish momentum. With the rising market activity coupled with the growing interest in meme coins, experts believe it will break the next resistance at $0.00001130 in the coming days.
Dogecoin Price To Soar In The Coming Weeks
Dogecoin (DOGE) price movement shows a bullish trend after some bearish action some days ago. The Dogecoin price has gained 6% in the past week, as per CoinMarketCap, while the daily trading volume has risen by over 40% to $1.25B.
Crypto Spaces observe Dogecoin’s breakout from the $0.1 zone and believe there is more. The trader sees the Dogecoin token targeting the next resistance at $0.18, which is a 119% rise. As such, the analyst believes now is the best time to buy Dogecoin. Meanwhile, it looks like the Dogecoin price has been rejected at the $0.1166 resistance zone.
Source: Crypto Spaces on X
As such, there could be a slight correction in the coming days. Meanwhile, the Dogecoin technical outlook is promising. Dogecoin’s price volatility is 5%, while its fear and greed index is 65 (greed). The general market sentiment is bullish, as it recorded 17 green days in the past month. However, with the bulls losing control of the market, investors are considering alternatives like Cutoshi.
What Are The Top Meme Coins To Watch for High Returns In 2024?
Pepe Coin and Dogecoin are some of the meme coins tipped for huge rallies this October. However, with the market tilting towards the bears, Cutoshi could provide a hedge for investors looking for long-term gains.
For more information on the Cutoshi (CUTO) Presale:
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