With the meme coin showcasing impressive market performance, Dogwifhat (WIF) indicators continue to signal long-term gains, having already recorded a weekly surge of over 16%. Meanwhile, Cutoshi has stood out as one of the hottest meme projects seeking to expand meme coin’s virality while driving sustainable growth.
The new project will integrate a DeFi hub within its ecosystem, an attribute that has seen its presale attract many crypto enthusiasts and investors. But is Cutoshi ready to match Dogwifhat’s price trajectory?
Given their volatility and affinity for erratic price shifts, it’s easy to lose sight of meme coins with unique relevance within the crypto market. However, an Ethereum-based utility token known as Cutoshi seeks to change this notion by reviving the meme culture while offering much more to its community. First, the token already offers a 46% ROI to its early investors.
Moreover, Cutoshi DEX, a decentralized multi-chain exchange and swapping platform, will ensure security and privacy. Here, assets can be easily swapped across chains, simplifying the entire process while saving time and money. Its Cutoshi Academy, on the other hand, will help narrow crypto’s knowledge gap and bring DeFi closer to the masses.
With a token supply of just 440M tokens, Cutoshi’s built-in scarcity is set to drive significant demand, potentially leading to a further uptrend. This outcome is already visible as the CUTO token is currently trading at $0.022 from its initial price of $0.015, targeting Dogwifhat’s 1,000% price gain.
Dogwifhat has broken out of a descending channel on the daily chart, indicating an upward trend. The breakout suggests that the price of Dogwifhat could soar, potentially leading to an all-time high. After a 12.48% increase, the WIF token chose a bullish rally, breaking its previous resistance levels.
Over the past 24 hours, the Solana-based meme coin has hit a high of $2.70. According to CoinMarketCap, its daily trading volume stands at around $660M. The four-hour technical chart highlights the daily relative strength index (RSI) is above 70. Moreover, Dogwifhat’s daily frame suggests bullish momentum with short-term 9-day and long-term 21-day moving averages.
Source: CoinMarketCap
Besides this, the Chaikin Money Flow (CMF) indicator stands at 0.09, suggesting an increased money flow with selling pressure. Additionally, Dogwifhat’s trading volume has spiked by over 25%. If the WIF token continues to surge, it would breach above its upper critical resistance level at 2.60. Conversely, if the price attempts a reversal on the support side, the initial support might be at $2.48.
Dogwifhat harbors significant growth potential in October. However, Cutoshi represents a rare and unique opportunity for investors looking to adopt a meme coin with the highest growth potential in 2024, given its fantastic DEX exchange and utility features.
For more information on the Cutoshi (CUTO) Presale:
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