For the past year, Solana based meme coins have been the toast of the crypto market, with BONK and Dogwifhat (WIF) being the biggest meme coin sensations on the Solana network. However, the crypto market has never been static. The bullish pendulum is now swinging in the direction of a new Ethereum meme coin project, Cutoshi (CUTO).
WIF and BONK are currently in correction mode, while Cutoshi has already surged 46% in its second presale stage. The project has now been listed on CoinMarketCap, increasing investor optimism about its long-term potential.
Dogwifhat Price: Reality Check Amid Uptober Setback
Dogwifhat (WIF) investors started the month with a lot of optimism and hype about the historically bullish ‘Uptober.’ However, events have taken a different turn as the WIF coin has given up a huge chunk of its gains so far this month. The meme coin is now getting outpaced by newer coins that are fast gaining momentum in the crypto market, but what does the WIF coin price prediction really look like?
Activities on the Dogwifhat (WIF) project are surging right now as the meme coin’s 24-hour volume has increased by 60.04%. While one might be tempted to assume that the increase means its investors are ditching the coin, Dogwifhat (WIF) is steadying at a 4.04% increase in market cap to show investors are still quite interested in the project.
Source: TradingView
However, popular analyst Alan Santana, has predicted that the five green weeks on the Dogwifhat price charts are a prelude to a dip. While the WIF bulls would hope Alan’s prediction doesn’t turn out to be true, the coin’s current weekly 2.38% downtrend is enough reason to worry.
BONK: Can The Meme Coin Regain Its Mojo?
BONK is a top dog-themed project in the meme coin sector and surely one of the most popular meme coins on the Solana network. And it was not surprising to see the BONK price set a new all-time high during the Bitcoin-inspired March rally earlier this year.
With BONK eventually losing some steam and dropping some distance below its peak, there were high hopes at the beginning of Q4. The BONK price prediction had investors anticipating the ‘Uptober’ rally, which some experts predicted would take the BONK meme coin closer to its ATH.
Source: CoinMarketCap
And although the BONK coin has peaked at $0.00002612 in the last 30 days, its biggest surge has only been able to take it to within 56% of its ATH. Now, there’s a cloud of doubt hanging over the meme coin despite its current impressive 25.04% monthly uptrend. No one can rule out a BONK price rally, but there’s no indication that the project can return as much gains as some of the newest meme coins like Cutoshi.
Beyond Fun, Cutoshi Seeks To Add Sustainable Value
The general crypto market’s impression of meme coins is fun. However, the lack of proper utilities in the meme coin sector means many meme coins struggle to keep sustainable price movement, and Cutoshi (CUTO) seeks to correct that.
Cutoshi derives its utility from the Defi sector by creating a DEX platform where users can operate without worrying about interoperability. The Cutoshi DEX allows its users to move their assets between and within different chains. And with the security of the Ethereum network, the Cutoshi DEX becomes a safe space.
The Cutoshi (CUTO) expands on Satoshi Nakamoto’s values of financial freedom and privacy. There is the Cutoshi Academy responsible for filling the knowledge gap in the Defi industry and keeping community members up to speed on the newest trends.
The Cutoshi token farming rewards active members for taking on different tasks in the community. It’s a lot of fun, learning and earning on the Cutoshi project. It has recently been listed on CoinMarketCap, and CUTO tokens are selling out fast in Stage 2 of the presale at $0.022.
Cutoshi Steals The Spotlight From Solana Meme Coins
Cutoshi is in the news again for good reasons. After crossing the half-a-million-dollar mark in its presale, the promising crypto project has now been listed on CoinMarketCap. Elsewhere, BONK’s hope of reaching its ATH is dimming, as Dogwifhat is stuck in correction after an earlier ‘Uptober’ uptrend. The Cutoshi project is outshining them in the market as it races through stage 2 of presale.
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