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Cryptocurrency News Articles

Meme Coins Are Ready for a Major Comeback as Green Candles Flood the Charts Across the Board

Nov 01, 2024 at 08:00 am

Pepe (PEPE)’s price action is reaching a tipping point and a breakout to the upside could be imminent, pushing its price into bullish discovery mode.

Meme Coins Are Ready for a Major Comeback as Green Candles Flood the Charts Across the Board

Meme coins are rallying from the recent market downturn and Pepe (PEPE) is gearing up for a breakout. But a new meme coin, Cutoshi (CUTO), is stealing the show with its unique blend of meme energy and DeFi utility. Investors are flocking to the viral Cutoshi presale, which could propel the token to new heights.

Pepe (PEPE) price action is reaching a tipping point and a breakout to the upside could be imminent, pushing its price into bullish discovery mode. Pepe is preparing for a massive rally that could propel it to new highs before 2025.

A closer look at the Pepe (PEPE) 4-hour chart reveals a string of rising lows and descending highs forming a symmetrical triangle pattern. The apex of the triangle is approaching, which typically indicates a breakout to either the upside or downside.

However, the overall market structure is bullish, which could create a powerful confluence that results in Pepe experiencing a massive rally in the upcoming weeks.

Over the last few days, Pepe rose by a noteworthy 11.6% as buyers stepped in once it reached a bottom of $0.000086. At press time, Pepe is selling for $0.000096, registering little to no action in terms of price movement. 24-hour volume is also relatively flat, with about $736 million worth of PEPE traded on exchanges.

Cutoshi (CUTO) is a meme coin that embodies the values of privacy and decentralization, echoing the teachings of Bitcoin creator Satoshi Nakamoto. But Cutoshi also adds a touch of Japanese good luck charm to the mix.

Inspired by the Lucky Cats of Japanese folklore, which are said to bring wealth and prosperity to businesses and households, Cutoshi is literally a token of good fortune that will bring immense benefits to early buyers of $CUTO.

At the heart of the Cutoshi ecosystem is CUTO DEX, a state-of-the-art decentralized exchange that allows near instantaneous cross-chain transactions across a multitude of assets at the lowest possible price.

Cutoshi retires the middlemen and gives users access to an exclusive non-custodial wallet. This means investors will have total control over their holdings. But Cutoshi is more than just another decentralized exchange.

It also boasts an intriguing revenue-sharing mechanism that will consistently reward users the more they engage with the platform.

During the presale users can complete various missions and quests to raise awareness of Cutoshi and boost its social media presence. In exchange for their efforts, they will receive cutopoints, which can later be swapped for $CUTO tokens or other prizes that have yet to be revealed.

In addition to this, users can also earn passive income if they decide to stake $CUTO on the platform.

One of the most intriguing features of the ecosystem is the Cutoshi Academy. This is an educational hub that will lend a helping hand to crypto beginners who are just starting on their journey.

News source:themerkle.com

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