The market is gearing up for an explosive end to 2024. As fresh liquidity floods exchanges, this is the perfect environment for meme coins to make a major comeback. Neiro (NEIRO) and Bonk (BONK) look primed for significant surges.
But there’s a newcomer Cutoshi that could outperform them both with its unique formula that blends meme hype and DeFi utility.
Neiro Sees Decline, Buyers Accumulate.
Over the course of a few weeks, starting mid-September, Neiro experienced a massive rally that saw its price explode by a staggering 5,800%, from $0.000037 to an all-time high of $0.0022. As early buyers began to take profit, Neiro faltered and saw a 25% breakdown that took its price to $0.0014.
As Neiro approached this support level, demand increased exponentially and bulls stepped in, resulting in an 81% surge in trading volume with about $609 million worth of Neiro traded in the last 24 hours. When zooming out on the chart, Neiro’s structure appears still intact, meaning that once consolidation around its current price point, Neiro could rise much higher in the upcoming months.
Bonk Could Become The First Meme Coin To Do This
Bonk (BONK) has become one of the most successful meme coins of this cycle and its price is currently moving along an ascending trendline. This move could culminate with a massive upward move as momentum is building and buying pressure is increasing for Bonk.
At press time, Bonk sells for $0.000021 with a 4.8% daily decrease and a 52% rise in 24-hour trading volume. Despite this short-term decline, Bonk has made news in the crypto space as it could soon become the first meme coin boasting an exchange-traded product (ETP).
Bonk has partnered with Osprey Funds with the goal of launching an investment product. This development is extremely bullish as it could pave the way for the first-ever meme coin ETF.
How Cutoshi Redefines Meme Coins
Advertisement Banner
Cutoshi introduces a cutting-edge decentralized platform, CUTO DEX, which bridges the gap between blockchains and allows users to instantly swap between assets and blockchains.CUTO DEX is also incredibly cheap to operate as transaction fees amount to only 0.25%. 80% of this amount is then redistributed to liquidity providers, while the rest is allocated toward buybacks and burns for the $CUTO token.
Cutoshi pays tribute to the Lucky Cats from Chinese folklore. These cats are recognized as tokens of good fortune and Cutoshi, is quite literally a token of good fortune, as $CUTO powers the generous revenue-share mechanism that will allow holders to earn passive income by staking the token on the platform.
The Cutoshi Academy is another key feature that sets the project apart from the competition. This is a learning hub that wants to make the DeFi world fun and approachable by lowering entry barriers and assisting newcomers on their crypto journey.
The $CUTO presale is now in its second and tokens go for just $0.022. 55% of the 44 million $CUTO supply will be up for grabs during the event and so far, more than $550,000 has been raised. The remaining tokens are allocated for farming, marketing, and exchange listings. 7% of the supply is locked away, increasing scarcity and priming $CUTO for sustained price growth.
Once $CUTO is unleashed on the markets, it could potentially experience a gigantic moonshot that could eclipse the rise of Neiro, Bonk, and other meme majors.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach The Bit Journal’s audience directly. The Bit Journal’s editorial team does not create, endorse, or verify the content of Brand Press posts. Any views or opinions expressed in this content are solely those of the advertiser and do not reflect the opinions or views of The Bit Journal. The Bit Journal is not responsible for any claims, errors, or omissions in the content provided. For advertising inquiries, please email . [email protected]
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
