Having witnessed massive rallies in the past week, Dogwifhat, the popular Solana-based meme coin, is back in the consolidation zone. An attempt at breaking through the $2.80 major resistance trendline in the past few days has also not yielded any fruit as investors’ concerns build up, triggering a sharp decline in the trading volume.
However, while WIF bulls and bears continue their battle, Cutoshi has continued to make inroads into the lucrative DeFi market as whales continue to accumulate the meme coin. The surging demand for the CUTO token has led to stage one of the presale selling out within a few days. Given the limited 440M total supply, analysts project 100x rallies in 2025
Cutoshi Token Demand Rises As Analysts Project 100x Growth in 2025
Cutoshi is a project on the path to revolutionizing the $63B DeFi market through the sophisticated powers of a fun meme coin and robust DeFi ecosystem. Cutoshi is a revolutionary meme coin, DeFi hub, and educational platform inspired by the traditional Chinese Lucky Cat. In the past, people placed Lucky Cats in their homes and businesses to harness their lucky powers
Cutoshi is bringing the Lucky Cat to the blockchain. The objective is to bring luck and wealth to your digital assets. Satoshi Nakamoto’s teachings inspired the project to bring DeFi closer to the people. Cutoshi embodies the values of decentralization, privacy, and monetary freedom, which is Nakamoto’s vision for blockchain technology.
To achieve its goal, Cutoshi is developing a robust ecosystem with tools such as a multichain DEX exchange, which allows for seamless asset swapping. Notably, there is the Cutoshi Academy, where you can learn more about DeFi, crypto trading and building portfolios.
The CUTO token powers the ecosystem and is a means of sharing rewards on the platform. At the ongoing presale, CUTO is sold for just $0.022. Given that early holders have made huge returns of 46.6%, analysts expect massive growth before Q4 ends.
Dogwifhat Trying To Clear the Consolidation Zone – Is a Breakout Imminent?
Dogwifhat, the Solana-based meme coin, has been one of the top-performing cryptos in recent weeks. According to CoinMarketCap data, the Dogwifhat price has gained 75% and 15% in the monthly and weekly Dogwifhat price charts. Also, the WIF market cap has surged from $2.4B last week to over $2.7B as the crypto looks towards breaking through a crucial point
According to crypto analyst WorldOfCharts, Dogwift’s price is trying to clear a consolidation range. If successful, the analyst expects a breakout in the coming days. Meanwhile, two attempts at breaking the major $2.8 resistance trendline have been unsuccessful. Even at that, over 20 key market indicators are bullish, with WIF trading above the 50-day and 200-day SMA.
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Source: WorldOfCharts on X
However, the 14-day RSI is (66), signaling that the meme coin is approaching the overbought zone. Even at that, traders are optimistic about a breakout in the coming days. Crypto prediction platform Coincodex forecast the WIF price to hit $8.78 soon. Given its growth potential over the past weeks, it might hit the trendline soon.
Is Now the Best Time To Invest in Cryptos?
The crypto market is still consolidating, as popular cryptos like Bitcoin have yet to give a clear bullish signal. Also, popular coins like Dogwifhat have yet to clear the consolidation zone. These make presale tokens like Cutoshi a hot prospect. Given the rising interest in CUTO, a 50x is possible in the coming months.
For more information on the Cutoshi (CUTO) Presale:
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https://twitter.com/CutoshiToken
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