Dogecoin (DOGE) is gaining attraction as the US election day approaches. Meanwhile, Popcat (POPCAT) became one of the top meme coins in months and is expected to rise even higher. Whales, turning profits into a new meme coin Cutoshi, set out to disrupt the meme coin space with its unique DeFi ecosystem.
Dogecoin Is Approaching Escape Velocity
Over the last week, Dogecoin (DOGE) has experienced significant price surges that allowed it to break above key resistance levels. At press time, Dogecoin sold for $0.167 with a massive 14% intraday increase, which took its market cap to $24 billion. Right now, Dogecoin is consolidating just below the crucial $0.17 mark. If bulls push the price above this level, Dogecoin could soon reclaim the $0.22 yearly peak.
With the buzz around the 2024 U.S. election ramping up, cryptocurrencies are seeing green candles flood the charts. This rally could be galvanized even further if Donald Trump wins the presidency, as he has been vocal about his intention to make the US the largest crypto hub in the world. Moreover, if Trump fulfils his promise to create the Department Of Government Efficiency (D.O.G.E.) and appoints Elon Musk as its director, this could pave the way for Dogecoin’s prophesied rise to $1.
Popcat Hits New ATH, What’s Next?
Popcat (POPCAT) has just reached a new all-time high of $1.73 with a 13.3% intraday surge. A retest of the previous highs is expected, allowing bulls to refuel and send Popcat even higher.
Crypto analyst Murad believes that Popcat is just getting started. He points out that Popcat has been battling a rising diagonal resistance that pushed Popcat’s price lower every time it rose to a new ATH. This time, however, Popcat surged past this trendline, which could lead to an exponential price increase, with the next big target being $5.
Why Cutoshi Could Be The Next Big Gainer
Cutoshi brings cutting-edge DeFi functionality to the meme coin space and is set to give other major memes a run for their money. Cutoshi pays tribute to the Lucky Cats from Chinese and Japanese legends. While these cats bring good fortune to businesses and households, Cutoshi brings good fortune to hundreds of investors.
CUTO DEX is Cutoshi’s innovative non-custodial decentralized exchange, which seamlessly integrates different blockchains and allows for lightning-fast swaps for just 0.25% in fees. 80% of these fees are then redistributed to the liquidity providers that support the ecosystem, while the remaining 20% are allocated for buybacks and token burns. This is significant because regular burns of the $CUTO token will create the perfect deflationary environment for sustainable long-term growth.
Users will have the opportunity to earn generous monetary rewards via the Cutoshi Farming initiative. They will be tasked with completing quests and participating in special events. For their efforts, they will receive cutopoints, which can later be redeemed for more $CUTO tokens. In addition to this, they can also stake their tokens on the platform and enjoy a passive income stream.
Early buyers and winners of the Cutoshi challenges will also receive unique, limited-edition NFTs. In addition, Cutoshi will soon release exclusive merch, allowing community members to rep their favourite meme coin anywhere they go.
Stage 2 of the presale is underway, and $CUTO sells for only $0.022. Hundreds of investors are joining every day, and more than $600,000 has been raised in record time. Considering all that Cutoshi brings, it’s realistic to expect the same price multipliers that top memes such as Popcat have experienced.
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