Solana meme coins like Dogwifhat have ruled the market in recent times. Dogwifhat has a market cap of over $4 billion at its peak. Dogwifhat, from the launch price of $0.174, made an ATH of $4.72 and is currently trading at $2.3. Bears have mostly controlled the price of WIF after the peak.
Various Solana meme coins are suffering bearish sentiments, so Ethereum meme coins are coming into play. Cutoshi (CUTO), an Ethereum-based memecoin, has been trending after completing the first stage of the presale. It raised more than $300k in the first round, in just a matter of days. Investors believe in the coin because of its utility.
Dogwifhat (WIF) Holds Support Above 20 DMA
Dogwifhat took a significant hit, dropping over 70% from its recent all-time highs.
This decline comes as market dynamics shift from bullish to bearish. However, Dogwifhat’s recent performance has changed after the breakout from the upper trendline of the wedge pattern. After the breakout, it rose around 52% before rejecting the $2.83 high. After briefly spiking to the recent swing high, its price quickly fell below $2.5, reflecting the unpredictable trading environment.
Despite the broader market turmoil, partly due to geopolitical tensions, Dogwifhat is showing resilience. Now, the breakout from the recent swing high will decide the future of WIF price action.
To create new price highs, Dogwifhat has to cross the July high of $2.83.
WIF may not have built-in utility or a specific ecosystem, but it thrives on speculative trading and a strong online community. Supporters often rally behind the phrase “the hat stays on,” which captures the spirit of the coin.
Cutoshi Set To Become The Best DeFi Memecoin
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Cutoshi is a new crypto market player; its unique mix of fun and utility offers big potential for gains. Cutoshi’s culture promotes the Chinese Lucky Cat legend and Satoshi Nakamoto’s vision for the blockchain. Expect daily memes for entertainment alongside DeFi features like the Cutoshi DEX, academy, NFTs, merchandise, and farming options.
The Cutoshi DEX is designed to be seamless and user-friendly. It allows people to swap cryptocurrencies across multiple blockchains without providing personal information.
Investors can also earn extra rewards by joining the Cutoshi ecosystem through Cutoshi Farming. By participating in challenges and events, they’ll collect points that can be exchanged for more CUTO tokens. Another exciting feature is the Cutoshi Learning Academy, where investors can learn about DeFi concepts and how to build a smart portfolio.
Cutoshi’s ultimate goal is full decentralization and wealth creation. Using its native token, CUTO, users can access all services in the ecosystem.
Currently, during the second stage of the presale, the CUTO token is priced at $0.022. With a limited supply and projected rallies of 250X by 2025, Cutoshi is gaining attention on investors’ watchlists.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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