Pepe (PEPE) showed an impressive performance, which saw the token surge by over 10% in a week. Pepe holders are still shifting their focus to Floki (FLOKI) and Cutoshi (CUTO). This sudden shift is due to Floki’s unique features and future potential. It seems to drive high demand, leading to the FLOKI price recording significant gains in just a month.
Notably, the Cutoshi DeFi functionality and built-in utilities backed by a CMC listing can drive significant demand. They can push the token price higher. Will Cutoshi match Pepe’s coin price performance?
Cutoshi Set to Capitalize on Uptober Rally with CNC Addition
Cutoshi is the latest Ethereum-based utility-meme token to enter the market, catching the attention of crypto investors and enthusiasts. The project seeks to revive the meme coin culture while offering practical utilities. It is a DeFi hub with a solid community. Moreover, it combines the Chinese Lucky Cat with the Bitcoin founder’s vision of blockchain technology.
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As such, Cutoshi aims to create a community-driven ecosystem where decision-making lies in the hands of its users. A DEX swapping protocol at the project’s core enables users to carry out cross-chain transactions. It simultaneously ensures better privacy and security. This will simplify the process of trading and swapping assets. Investors will also have the chance to earn additional rewards by completing quests through Cutoshi Farming.
The Cutoshi Academy will help bridge the gaps in crypto while creating awareness for the project. With its deflationary mechanism, max supply of just 440M, and CoinMarketCap listing, Cutoshi can experience scarcity. That will bolster its demand and trigger value appreciation of CUTO.
Pepe’s Bullish Signals Strengthens in October
After hitting an ATH of $0.00001718 in May, Pepe Coin continues to record positive price movement. It refuses to dip, as is the case with most tokens. PEPE is currently trading around the $0.000010 mark. This meme coin has recorded a monthly surge of over 38% to stay above its crucial resistance points throughout 2024.
September has seen Pepe’s price ride a bullish trend, surging significantly from the $0.0000084 mark to $0.0000117. Despite the price of PEPE falling subsequently from this height, the meme coin regained its upward trajectory in October.
Pepe’s technical indicators suggest a strong buy signal. The 4-hour trendline has broken to the upside, suggesting Pepe’s price performance is heading to its next Fibonacci level. The 50- and 100-day simple moving averages are at $0.00000862 and $0.00000907. So, $0.0000118 is the crucial resistance level to watch out for.
Floki Price Prediction Eyes the $0.000343 Price Mark
Floki (FLOKI) has seen significant growth over the years, fueled by the meme coin craze and notable developments. Floki’s YTD has grown by over 680% to trade at around the $0.000144 mark. Thus, it is outperforming major tokens within the market.
According to World Of Charts, Floki’s price can go for a significant breakout with a potential 200% surge. The analyst’s chart shows a symmetrical triangle pattern for Floki over a one-day time frame. This formation is characterized by converging lower highs and higher lows, suggesting a consolidation period.
Such triangles usually suggest indecision within the market, where the tokens, selling, and buying pressures remain balanced. However, experts usually recognize them as continuation patterns, signaling a sharp price movement might occur following a breakout. Floki’s price breakout from this symmetrical triangle pattern can occur as soon as the price approaches the triangle’s apex. Historical Floki’s price prediction trends suggest a breakout is likely to happen as the price moves past one of the trendlines.
Can Cutoshi Emulate Floki’s Price Performance?
Like Pepe, Floki continues to record an impressive price performance with the potential for further breakout. However, Cutoshi, the new meme coin, is trading at just $0.022, having surged 46% from its initial starting price of just $0.015. The project’s success arises from the unique features associated with the meme coin, as analysts predict up to 100x growth potential in the coming months.
