Dogecoin (DOGE) Primed for Epic Surge As New Whales Accumulate, Cutoshi (CUTO) Makes Waves With Cross-Chain Capabilities

The odds have never been more stacked in Dogecoin's favor. With the pro-crypto candidate Donald Trump winning the US presidential election, and most

Dogecoin price analysis reveals a slight downturn on Monday morning as the meme coin trades at $0.38 after rising astronomically over the last few weeks. However, DOGE price is still up by an impressive 29% over the last seven days.

On the other hand, a new meme coin called Cutoshi is also making waves in the crypto space as it enters the trending category on X.

Dogecoin price analysis: Bulls prepare for next leg up as DOGE price eyes $0.5

Over the last month alone, Dogecoin skyrocketed by nearly 200% as it broke out of its trading range around $0.13 and tore through several resistance levels, peaking at $0.42 for the first time since 2021. At press time, Dogecoin price currently sells for $0.38 with a slight 1.8% intraday decline and a 29% drop in trading volume, with about $8.3 billion worth of DOGE traded on exchanges in the last 24 hours.

After skyrocketing over 2,900% year-to-date, Dogecoin price is now at a critical juncture as it trades around $0.38. Meme coin prices are notoriously volatile and largely driven by hype, FOMO and social media trends, which makes it difficult to predict the next move with any certainty.

However, if we take a closer look at the technical analysis, Dogecoin price seems to be preparing for the next leg up. The meme coin is trading above the 50 Moving Average (MA) on the daily chart, indicating short-term bullish momentum. Moreover, the Relative Strength Index (RSI) is also above 50, suggesting that DOGE price is not yet overbought.

CryptoSlate recently reported that Dogecoin price is set to skyrocket to $0.5 in the next few weeks as several technical indicators point towards a bullish continuation.

Cutoshi price analysis: Meme coin derivative enters X trending category

Cutoshi is a new meme coin that is inspired by the Lucky Cat of Japanese legends. These cats are said to bring good fortune and wealth to businesses and Cutoshi does the same on the blockchain. The project is building a complex ecosystem that offers a wide array of features, including a state-of-the-art decentralized exchange, an educational platform and a generous revenue-share mechanism.

With its unique DeFi utility and focus on community, Cutoshi draws a clear demarcation line that sets it apart from most meme coins that are purely driven by hype, with little to no substance backing their value.

In a world where personal data is commodified, Cutoshi adopts the principles of decentralization and privacy, echoing the teachings of Bitcoin creator Satoshi Nakamoto. The project’s flagship feature is CUTO DEX, a non-custodial, cross-chain exchange that will allow for near-instantaneous swaps across isolated blockchains.

Via the Cuto Farming initiative, which is already live, users can participate in fun missions and events, aimed at boosting Cutoshi’s presence on social media. These efforts are already paying off, as Cutoshi is often seen trending on X, alongside Bitcoin. For their loyalty, users will receive CUTO points that can later be redeemed for $CUTO tokens once the presale wraps up and the official market launch starts.

Currently, in the third stage of the presale, Cutoshi is already enjoying significant attention as over $900,000 has been raised. $CUTO tokens sell for just $0.0259, but chances are that this price won’t stay this low for much longer, as demand is steadily increasing.