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Cryptocurrency News Articles
Cutoshi (CUTO): A Lucky Meme Coin Backed With Real Utility Targets The $80 Mark
Sep 29, 2024 at 03:00 pm
While Solana coins Dogwifhat (WIF) and Bonk (BONK) have been big players within the crypto market and are set to record impressive price performance
Meme coins have taken over the crypto market in 2023, with tokens like Dogwifhat (WIF) and Bonk (BONK) putting up a good fight to outshine each other. However, a new contender is emerging from the depths of the Ethereum network, and it goes by the name Cutoshi (CUTO). While Dogwifhat and Bonk are certainly making waves, Cutoshi is quietly building a loyal following and setting itself up for a massive rally.
As we speak, Dogwifhat is trading at $1.6, having recently encountered a crucial resistance level following a 3500% gain from its initial price of $4.5. At the same time, Bonk is also putting up an impressive performance, targeting the $0.00003 mark after a 900% gain from its all-time low of $0.000018. Both tokens are showing strength in the meme coin space.
However, Cutoshi (CUTO) is offering something unique that could set it apart from the competition. This meme coin blends the best of both worlds, combining the unique features of DeFi technology and luck to create a token with great prospects driven by utility.
Cutoshi (CUTO) – A Lucky Meme Coin Backed With Real Utility
Cutoshi (CUTO) is an Ethereum-based utility token that aims to bring important financial tools and technology to the market. It combines the unique functionality and utility of a series DeFi ecosystem with the appeal of a meme coin, a move that has attracted both the DeFi community and meme coin traders.
At the core of the project is its unique DEX, which allows users to trade tokens across different blockchains. Moreover, the project’s ecosystem also consists of a reward system—Cutoshi Farming; it offers community members a new opportunity to earn rewards by completing quests.
Furthermore, the Cutoshi NFTs act as a complimentary reward to its community, with unique NFTs being distributed to early holders and winners of the Cutoshi challenges. CUTO is just in stage one of its presale, with a price of just $0.015. This offers early backers a better chance to enjoy significant ROI, considering Cutoshi has already completed its smart contract audit by SolidProof.
Now, let’s take a closer look at Dogwifhat and Bonk to see how they stack up against Cutoshi.
Dogwifhat Price Prediction Targets The $80 Mark
Henrik Zeberg, a crypto expert, seems to have suddenly turned his attention to a popular Solana-based meme coin known as Dogwifhat (WIF). According to the expert, Dogwifhat’s price is expected to surge by over 3500% by November 2024. Zeberg believes that Dogwifhat holds the potential to hit the $80 mark in the coming year.
Dogwifhat price performance is a result of the token flipping a key resistance level on September 24, having rallied above the $1.96 mark. The price action for Dogwifhat has also been gaining bullish traction as the meme coin targets its next resistance level of $2.85.
Moreover, Dogwifhat continues to dominate the 30-day return, demonstrating over 29% ROI. However, despite being a top performer, Dogwifhat hasn’t witnessed an influx of new token holders within the crypto market.
Will Bonk (BONK) Hit The $0.00003 Price Mark Soon?
Bonk (BONK) is recognized for its cost-efficient and rapid transactions, making it an attractive option for developers and users. However, the historical performance of Bonk’s price has been marked by significant volatility, characterized by the broader crypto market. BONK achieved a new ATH of $0.000045 in early 2024.
After its all-time high, the price of Bonk witnessed a correction period but is currently regaining a bullish trend that could see it hit the $0.00003 mark soon. Bonk price performance has recorded a monthly surge of over 5%, owing to the coin’s technological advancements and favorable regulatory developments.
Despite experiencing high volatility, BONK’s price forecast remains optimistic. Its RSI is above the 30 to 70 neutral region, which suggests the price is trending overbought, with Bonk’s price being able to maintain its RSI within that state for a while.
Will Cutoshi Outshine Dogwifhat and Bonk Bullish Trend?
Despite Dogwifhat and Bonk recording impressive bullish trends, Cutoshi is also setting itself up for a rally with every presale stage. The token’s built-in scarcity and defi capabilities could drive an immense demand, leading to an upward pressure in price.
For more information on the Cutos
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