The most bullish quarter of 2024 is unfolding; meme coins are set for a major comeback. However, this time around, instead of dogs leading the charge, it’s cats.
Ethereum has started showing signs of life again, and many investors are rotating profits in plays of better ROI. Two meme coins in particular seem to have caught their attention. One is Solana’s Popcat, which gained massive traction recently, and the other is an Ethereum-based DeFi platform that leverages viral memetic energy: Cutoshi.
Is The Ethereum Breakout About To Happen?
Ethereum has struggled over the past few months with the price moving in a narrow channel between $2,500 and $2,600. Any attempt by Ethereum to soar above $2,700 has been met by intense selling pressure, but a glance at the chart reveals that the floor is rising. This means that a major Ethereum rally could be on the horizon.
According to analyst Manish Chhetri, if Ethereum manages to close above the descending trendline at $2,820, a bullish impulse could send it above $3,000 before the end of the year. This thesis is supported by two major bullish signals: the total amount of ETH held in long-term addresses has reached a new all-time high of 19.17 million and the US Ethereum spot ETF is seeing consistent inflow increases with $78.8 million recorded just last week.
Popcat Is Consolidating Just Below ATH
Popcat has experienced incredible growth in 2024 as it rose by more than 10,000% since it first launched less than a year ago. At press time, Popcat sells for $1.43 with a notable 11.2% increase over the last 24 hours. Momentum is strong and holders are expecting Popcat to surpass its $1.54 all-time high in the upcoming weeks.
Popcat is based on the viral 2020 meme featuring a funny cat named Oatmeal. While Oatmeal conquered the hearts of netizens, Popcat is set to conquer the meme coin space as the cat-centric narrative is ramping up. However, Popcat has one major drawback that could stunt its growth: it lacks real utility. This is why projects like Cutoshi could outperform Popcat in the long run.
The Luckiest Cat On The Blockchain Has A Name
Cutoshi is a new meme coin that draws inspiration from the Lucky Cat of Asian folklore. These cats are said to bring good fortune and prosperity to businesses and the household. Cutoshi does exactly the same on the blockchain while blessing the community with generous rewards.
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Cutoshi boasts a complex DeFi ecosystem centered around CUTO DEX, a state-of-the-art decentralized exchange. A non-custodial, cross-chain platform that seamlessly connects isolated blockchains while ensuring greater privacy and robust security. Users will enjoy lightning-fast transactions at the lowest possible fees across a multitude of chains.
Members of the Cutoshi community will enjoy numerous monetary incentives to engage with the ecosystem and boost Cutoshi’s online presence. Via the Cutoshi Farming initiative, users can complete various missions and quests to earn Cutopoins, which can then be redeemed for $CUTO tokens.
Cutoshi is more than just an exchange, it also has a learning platform. Cutoshi Academy intends to bridge the knowledge gap and teach newcomers the ins and outs of DeFi, trading, and long-term investing. This initiative will make the lives of beginners much easier and help them on their crypto journey.
The $CUTO presale has entered its second stage and more than 50% of the available tokens have been sold out, priced at just $0.022. When taking into account all that Cutoshi has to offer, it’s realistic to believe that it could outperform other major cat-themed meme coins, such as Popcat.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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