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Cryptocurrency News Articles
Dogwifhat (WIF) and Cutoshi (CUTO): Two Meme Coins with Great Potential in Q4 of 2024
Oct 07, 2024 at 04:30 pm
The meme coin market is the biggest gainer of 2024 and analysts have recently highlighted Dogiwfhat (WIF) and Cutoshi (CUTO) as two of the best meme coins with great potential in Q4 of 2024.
The meme coin market has seen impressive gains in 2024, with several tokens emerging as promising candidates for Q4. Among them, Dogiwfhat (WIF) and Cutoshi (CUTO) have garnered significant attention from analysts.
Dogiwfhat (WIF): A Contender for Top Meme Coin Status
With a remarkable journey that has seen it amass a $2 billion market cap, Dogiwfhat has swiftly ascended to the upper echelons of memecoins. This growth is largely attributed to a community-driven marketing effort, which has seen the token thrive on social media platforms. Commencing at a low initial price, WIF has undertaken an incredible ascent of over 1109%.
Over the last 30 days, WIF has seen a gain of 34.52%, while the last week has seen a decline of 9.69% and today's price has dropped by 8.65%. Neutral oscillators are indicated on the daily chart, while the moving averages show a buy signal and an RSI of 53, indicating a decent level of activity but not yet reaching oversold or overbought extremes.
An analysis of Dogiwfhat's total funding rate, which is aggregated by asset, reveals a positive trend over the last week, indicating increased capital flow into WIF. Furthermore, the presence of a positive OI-weighted funding rate suggests a demand for long positions on the token.
As resistance is encountered at $2.33, a breakout could propel the token further, while a decline below $1.90 may lead to a reversal in momentum.
Cutoshi (CUTO): A Utility-Driven Meme Coin Poised for Gains
While Dogiwfhat has achieved an impressive 1000% rally, its size may limit further gains to this magnitude. As such, investors seeking astronomical returns are turning to tokens like CUTO.
Cutoshi is a meme coin that embodies the spirit of decentralization, as envisioned by Satoshi Nakamoto. It features a multi-chain decentralized exchange, token farming, which includes staking and quest rewards, among other utility functions.
Meme coins have frequently harnessed their fanbases to generate social media buzz, which has proven effective for tokens like WIF, Dogecoin, and others. Being a new token, analysts anticipate an initial surge of 50% once it gets listed on a CEX, while long-term aspirations of a 100x increase are not far-fetched.
Conclusion: Dogiwfhat and Cutoshi Set for Q4 Growth
Both Dogiwfhat and Cutoshi are poised for potential growth in Q4. However, investors seeking gains in the thousands are likely to gravitate towards CUTO. Both tokens present opportunities to capitalize on high ROI potential, and the coming months will reveal the extent to which these returns materialize.
For further details on the Cutoshi (CUTO) Presale, visit:
https://cutoshi.com/
Join the Cutoshi community on social media:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
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