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.
Dogwifhat (WIF): A Rising Star in the Meme Coin Space
Dogwifhat has quickly become one of the biggest memecoins in the world, reaching a $2 billion market cap. This growth was mostly achieved with community-driven marketing as Dogwifhat thrived on social media buzz. Since it had a low initial price it achieved an amazing 1109% rocket journey to the moon.
In the last 30 days, Dogwifhat gained 34.52%, while it lost 9.69% during the last week and 8.65% today. The daily chart shows neutral oscillators while the moving averages show a buy signal and an RSI of 53 which is decent but far from oversold and overbought.
Dogwifhat’s total funding rate aggregated by asset has remained positive for the last week indicating increased capital inflow into WIF. With a positive OI-weighted funding rate there seems to be demand for long positions. A break through the $2.33 resistance could see us hop on the rocket once more, however going below $1.90 could also send us the opposite way.
Cutoshi (CUTO): The Utility-Driven Meme Coin
While Dogwifhat had an amazing 1000% rally, it has since become huge. Further gains like these are therefore unrealistic. Investors looking for a new 1000% opportunity are going for tokens like CUTO.
Cutoshi is a Chinese Lucky Cat meme coin that shares Satoshi Nakamoto’s vision of decentralization. The token features a multi-chain decentralized exchange, token farming, including staking and quest rewards, and much more.
Meme coins have often used their fanbase to create social media buzz and it already worked for WIF, Dogecoin, and many others. As it’s a completely new token, analysts predict it should go up by 50% as soon as it’s listed on a CEX and claims of a 100x surge is not unrealistic in the long term.
Conclusion
As we enter Q4, both Dogwifhat and Cutoshi are expected to grow. However, investors looking for 1000% gains are going to CUTO. Both of these tokens offer opportunities to capitalize on high ROI potential, and it’s up to Uptober and Q4 to show how high that ROI is going to be.
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