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As the market turns bullish, meme coins gain traction, led by Dogwifhat and Pepe, but Cutoshi’s DeFi platform may steal the spotlight.
As the market turns bullish again, sentiment around meme coins is shifting. A resurgence in this niche seems to be imminent, with Dogwifhat (WIF) and Pepe (PEPE) leading the charge.
However, there’s another emerging meme coin Cutoshi that could outperform both Dogwifhat and Pepe as it leverages an innovative DeFi platform, bringing real utility to the space.
Dogwifhat rebounds, what’s next?
Dogwifhat has entered a bullish trajectory, and it’s currently consolidating around $2.50 after rebounding from the $2.40 support. As Dogwifhat is cooling off, trading volume has recorded a 16.8% decrease over the last 24 hours with about $364 million worth of WIF changing hands on exchanges.
Analyst CryptoCurb pointed out in a post on X that Dogwifhat is completing a Cup “wif” handle chart pattern, which could send the Dogwifhat price to new heights. The analyst believes that the next target for Dogwifhat could be $10, and once this level is cleared, it could pave the way for a $42 all-time high at the peak of the bull run.
Pepe consolidates on lower levels
Pepe’s price structure broke down a few days ago as selling pressure intensified. Pepe saw a steep 7.4% decline and found a floor at the $0.00000948 mark. This support level was tested twice, and if it were to give in, Pepe could experience further disruption.
Given the current market sentiment, however, this could be a perfect spot for investors to accumulate Pepe as analysts anticipate a massive breakout in the upcoming months. WhaleInsider draws attention to a bullish pennant pattern forming on the Pepe market cap chart. This pattern usually indicates upward continuation, and according to WhaleInsider, Pepe could soar to $25 billion in market cap as the cycle progresses.
Cutoshi, The luckiest cat on the blockchain
With meme coins such as Pepe and Dogwifhat, utility usually takes the backseat, as trends and virality are the main drivers for growth. For most projects, this model is generally unsustainable in the long term. This is why Cutoshi is set to change the game.
Cutoshi is inspired by the Lucky Cat from Japanese folklore which is said to bring prosperity and good luck to the household. Cutoshi embodies this tradition by bringing good luck to its rapidly growing community. Simultaneously, the project upholds the key values of crypto philosophy, with decentralization and privacy as the central focus of its framework.
Cutoshi boasts a state-of-the-art decentralized exchange named CUTO DEX that unites all major blockchains and allows for seamless cross-chain swaps at the lowest possible fee of 0.25%.
But Cutoshi is much more than just another run-of-the-mill decentralized exchange. It offers a wide variety of monetary incentives to motivate and reward the community. Investors can complete quests and collect points which can be exchanged for more CUTO tokens. Moreover, staking the CUTO token and providing liquidity will allow users to enjoy a passive income stream while contributing to the growth of the ecosystem.
The second stage of the CUTO presale is underway, and so far $550,000 has been raised in funds, with the token priced at only $0.022. With its unique utility and unmatched memetic energy, Cutoshi could outperform other major coins such as Dogwifhat and Pepe while becoming the next gem.
For more information, visit the official CUTO website and join the community on X and Telegram.
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