The 2021 bull season might be up again after Elon Musk tweeted that “DOGE will fix it” in response to a Los Angeles Times article. Barely a few hours after the tweet, the price of the top meme coin Dogecoin jumped up, with Bonk on the verge of a breakout.
CoinMarketCap specialists believe the recent tweet could trigger another round of meme coin supercycle. While these top meme coins are reacting positively to the news, upcoming ones like Cutoshi are also witnessing exponential growth. Driven by a fantastic ecosystem with tools like multichain DEX, CUTO is projected for 50x rallies in Q4.
Can Cutoshi’s Non-Custodial DEX Boost Its Adoption?
With investors walking away from meme coins with no utilities, Cutoshi is developing a new decentralized exchange that is set to solve issues inherent in centralized exchanges. The non-custodial multi-chain DEX is designed to bring blockchains together and allow for seamless swapping of digital assets, solving issues of security, privacy, and interoperability.
The Cutoshi ecosystem also hosts an educational platform designed to enhance users’ understanding of the DeFi market and cryptocurrency. The CUTO token is also used to reward users who complete quests in the Cutoshi farming protocol.
For context, Cutoshi is a project that follows the core DeFi principles. This makes it a tribute to decentralized finance with the goal of bringing DeFi closer to the masses. Following Satoshi Namakoto’s visions for blockchain technology and the traditional Chinese Lucky Cat known for its lucky powers, Cutoshi wants to bring luck and wealth to investors digital assets.
The project’s recent listing on CoinMarketCap has boosted its credibility, with experts projecting massive rallies in the coming weeks. At stage 2 of the presale, now is the best time to buy CUTO for just $0.022. The coin has a limited total supply of 440M, with 55% already allocated to presale. With high chances of token scarcity, analysts predict the CUTO price will hit $1 in 2025.
Dogecoin’s Bullish Run shows Investor Optimism
Barely a few days after Elon Musk’s recent DOGE tweet, whales have resumed accumulating the meme coin. According to Whale Alert, an anonymous whale transferred 86 million Dogecoins worth over $10.8 million from Robinhood to an unknown wallet. This recent development shows renewed optimism among Dogecoin holders.
Master Kenobi, an analyst on X social media platform observed that Dogecoin is following a similar pattern as the previous cycle. If the cycle continues, Dogecoin price could hit $0.39 in October. Kenobi noted that if the trend also continue till december, Dogecoin price might hit $2.7 in December.
Source: Master Kenobi on X
Looking at Dogecoin chart in Tradingview, the daily RSI signal is approaching the overbought zone, a sign of a slow market. However, with Dogecoin currently trading above the 50-day SMA and with the increasing accumulation, DOGE price might hit $0.15 this month.
Advertisement Banner
Despite Bearish Sentiment, Bonk Price Climbs 17% In The Past 7 Days
Following its positive trajectory, Bonk (BONK) is among the top gainers in the crypto market. According to CoinMarketCap, Bonk’s price soared 17% in the past week. However, both the Bonk trading volume and market cap are down – a sign of an imminent market correction.
However, WorldOfCharts, a popular analyst on X, confirmed Bonk’s breakout in the 1D symmetrical triangle pattern. The analyst projects a 180% rally in the coming days, which could push the Bonk crypto price to $0.00004107.
Source: WorldOfCharts on X
Based on Bonk oscillators, the daily RSI and other indicators are neutral. However, the Moving Averages (MA) are flashing a buy signal with the Bonk coin price trading above the 50-day and 200-day EMA on the 1D timeframe. In their Bonk coin price prediction for 2024, analysts at Coincodex forecast the price to soar by 225% in the coming weeks.
Which Coins To Buy During The Meme Coin Super Cycle?
The meme coin super cycle is here, and experts have given their projections about the top coins to buy. Bonk and Dogecoin are chosen for their resilience and current bullish rally. However, Cutoshi leads them because it has immense growth potential. With the recent CMC listing set to boost the Cutoshi project’s credibility, CUTO Can hit 50x before the project launch.
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.
I always find reliable and well-researched crypto information here