Meme coins have recorded mixed performances, with Dogecoin and Shiba Inu rising to stretch their values, while Pepe Coin witnessed steeper drops. These performances underscore their sensitivity to market volatility. Meanwhile, as the market faces geopolitical pressure, investors are turning to Cutoshi, a DEX-swapping exchange platform on the path to revolutionize the meme coin market. Experts now forecast that this new project can outpace established coins on the market.
New Ethereum Meme coin, Cutoshi Rallies at Presale
While meme tokens like DOGE, SHIB, and PEPE rely on hype and community, Cutoshi (CUTO) has combined these two aspects with practical utility. The new project is inspired by Satoshi Nakamoto’s teachings and the traditional Chinese Lucky Cat―which people previously placed in their homes to harness their lucky powers. With the Lucky Cat as its mascot, Cutoshi aims to tokenize these good fortunes and bring them to the blockchain.
Mirroring Satoshi’s vision of blockchain technology, which includes decentralization, monetary freedom, and privacy, Cutoshi is creating an ecosystem where investors are given decision-making powers. At its core is the Cutoshi multichain DEX exchange, which will enable cross-chain transactions. Another key feature is Cutoshi farming, which offers complimentary rewards for its users.
To start farming, investors will participate in challenges and earn points. These points can then be redeemed for more $CUTO tokens. Moreover, there is also a learning academy where new investors can learn more about DeFi concepts and cryptocurrencies. At the ongoing presale, CUTO is priced at $0.015. Backed by a limited supply of 440 million and a deflationary mechanism, market pundits project 100x rallies soon.
Dogecoin Price Retests the $0.10 Mark
Dogecoin, the largest meme coin by market cap, is retesting the $0.10 mark. This is a critical psychological support that the meme token is reclaiming. Due to market uncertainty, Dogecoin price volatility has been high. Can Dogecoin crypto bounce back?
Ali Martinez is optimistic, suggesting that the price of Dogecoin has already retested the breakout of a falling wedge. After the meme token saw a 20% market cap drop, DOGE is trading above the $0.10 mark, with an intraday gain of about 6%. Dogecoin trading volume, on the other hand, has seen a 13% outflow.
This reflects that Dogecoin bulls are attempting to take control of the market, which can trigger a recovery. Notably, Dogecoin price action suggests a possible post-retest reversal. Dogecoin token is currently forming a morning star pattern hinting at bullish momentum. However, with the current bearish market, Dogecoin can fall below this mark, then the wedge breakout will become invalid.
Pepe Price Plunges Amid Market Volatility
Pepe Coin is another meme token that has seen incredible buzz in the broader cryptocurrency market. This is attributed to its ability to maintain value amid what appears to be a downturn in the broader market. Notably, this reflects a strong testament to its growth potential, something that investors have taken notice of. Recently, the Ethereum-based meme coin has faced significant challenges.
Pepe’s price has experienced a sharp decline due to an overall bearish market. Another notable reason for the dip is the broader market’s declining optimism for meme coins. Despite this, Pepe Coin investor interest is growing because of broader market adjustments. At the moment, the price of Pepe is gearing to breach its critical resistance support level.
However, it faces significant challenges, particularly if the ongoing bearish pressure persists. With this view, analysts have made cautiously bullish Pepe price predictions, suggesting that this meme token can record a bullish momentum if it breaches its critical support level. Pepe Coin could record significant declines if it fails to reclaim this region.
Shiba Inu Price Remains Steady Amid Turbulence
While most cryptocurrencies have erased their gains in the current market downturn, the Shiba Inu token has remained steady. Recently, the price of Shiba Inu recorded a 4% bounce on its intraday charts. But, its trading volume declined by 23 %, reflecting an overall declining investor interest.
Moreover, Shiba Inu’s whale activity has surged. According to Tradingview data, Shiba Inu coin has recorded about 323 large transactions in a day, where a whopping 8.7 billion SHIB tokens were moved. The remarkable development has sparked speculations about the future prospects of the Shiba Inu token.
Whales usually move their positions when they anticipate major market movements. Shiba Inu price could be gearing up for a rally, or the meme token could witness a further consolidation. As such, experts have made cautiously bullish Shiba Inu price predictions, suggesting that the meme coin can go either way.
Which Meme Token Could Record 100x Returns In The Bull Market?
While SHIB, PEPE, and DOGE continue to navigate the market turbulence, with some erasing a substantial amount of their gains, Cutoshi has positioned itself as a good investment alternative. The DeFi project has seen considerable attention, with experts projecting a significant rise before listing.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.
