While Dogecoin (DOGE) maintains its position as the biggest memecoin by market capitalization, it has continued to display resilience despite volatility in the crypto market. Moreover, experts suggest that the current bullish structure displayed by Dogecoin is likely to continue although there could be brief periods of pullbacks.
Meanwhile, a new meme coin sensation that prioritizes utility over meme, namely Cutoshi, is also getting investors’ attention due to its innovative ideas that aim to bridge the gap in DeFi with various tools and even massive earning potential for investors. While the Cutoshi presale is ongoing, experts predict that this token and Dogecoin could rally 100X this October.
Although meme coins are generally known to have a lack of utility, Cutoshi is different from the crowd. This new token is a utility-driven token that aims to improve and enhance the knowledge and experience of crypto enthusiasts in the field of DeFi. Among a variety of features, Cutoshi presents to users a multi-chain decentralized exchange that fosters interoperability for users.
The Cutoshi DEX therefore promotes scalability. As a result of this, one of the major challenges that is usually faced by individual chains such as congestion issues is rightly addressed by Cutoshi. Hence, users will be able to perform faster transactions at a lower cost as congestion usually leads to higher transaction fees.
Additionally, users also experience freedom and anonymity when transacting on the Cutoshi ecosystem. Prioritizing privacy, Cutoshi holds dear the original vision of the Bitcoin founder Satoshi Nakamoto who was looking forward to a blockchain space where users can carry out their transactions anonymously without external interventions.
All these make Cutoshi the hottest Ethereum-based token on the market right now. The Cutoshi presale is ongoing with each token priced at just $0.015 in stage 1. But this price is expected to surge soon.
Over the past 30 days, the Dogecoin price has increased by over 14% from $0.09 to $0.11. After a significant consolidation that took place between $0.089 and $0.11 for over 3 weeks, the Dogecoin price chart reveals that the meme coin finally regained bullish momentum and broke out of this range.
After the bullish breakout, the price of Dogecoin rallied to the $0.13 level where it faced rejection from bears. Moreover, failure to break this level resulted in a decline in the price of the meme coin which fell below the $0.12 level as seen on the Dogecoin price chart.
Meanwhile, the community sentiment for Dogecoin remains bullish and analysts anticipate a continuation of the bullish move of the meme coin. Moreover, it seems like the bulls are gaining the upper hand as Dogecoin is seen bouncing off the $0.11 support.
If the bullish momentum persists, we could see the price of Dogecoin reaching the $0.13 resistance yet again. However, failure to stay above the $0.11 support zone could result in a further decline that could send the price of Dogecoin below $0.1.
Amid a bullish sentiment and monthly price gain, experts suggest that Dogecoin has the potential to rally significantly this October. However, Cutoshi presents an ecosystem that prioritizes utility, enhancing the DeFi experience of users in a variety of ways.
Moreover, experts suggest that with an increasing demand for the Cutoshi token in its ongoing presale, this token has the potential to rally by 100X in the coming weeks.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
Shiba Inu is experiencing a surge in market activity, capturing attention with approximately 17 trillion…
Crypto chartist CryptoAmsterdam recently advised Shiba Inu (SHIB) investors to view every price dip as…
David Schwartz, Ripple’s Chief Technology Officer, recently highlighted significant distinctions between contracts and “reasonable reliance,”…
Bitcoin's recent all-time highs have brought the cryptocurrency market to a crucial turning point that…
Leading figures in the cryptocurrency world are backing a new token that costs just four…
Initial Coin Offerings (ICOs) is a way to raise funds in the blockchain and cryptocurrency…