Dogecoin Market Position Under Threat From Upcoming Crypto Coins, Can Cutoshi Replicate The Pepe Coin Meme Takeover?
The end of Dogecoin’s dominance in the meme coin market might be coming to an end soon as other meme coins emerge with real surge potential. In the first half of the year, Pepe (EPE) coin rose stupendously, almost toppling Dogecoin and Shiba Inu but ended up ranking just after them as third largest meme [...]
The end of Dogecoin’s dominance in the meme coin market might be coming to an end soon as other meme coins emerge with real surge potential. In the first half of the year, Pepe (EPE) coin rose stupendously, almost toppling Dogecoin and Shiba Inu but ended up ranking just after them as third largest meme coin.
Whilst PEPE coin’s ascent was quite impressive, Cutoshi (CUTO) , a fast-rising presale meme coin, is proving to be a worthy challenger, capable of not only surpassing Pepe’s rise but contending with top dawgs like Dogecoin in the near future.
Cutoshi Gains CMC Listing Amidst Growing Interest For Its Hybrid MemeFi Platform
Cutoshi (CUTO) is a meme token integrated with DeFi features, allowing it to merge the virality of meme coin and the practicality of decentralized applications. Cutoshi primarily offers users the opportunity to trade cryptocurrencies across multiple chains in its DEX protocol. While upholding core values like decentralization, privacy and monetary power, Cutoshi is more than just a meme coin.
In its ecosystem, Cutsohi has integrated a farming mechanism where it rewards users with token rewards alongside complementary NFTs and merch for completing challenges. These lucrative features, coupled with its unique “Learning Academy” designed to spread DeFi knowledge to the masses, has led analysts to predict a 100x growth for this meme coin. Interestingly, most of this imminent growth is bound to come from its deflationary mechanism reducing the total token supply.
Cutoshi has been able to secure a CEX listing on CoinMarketCap recently. This huge positive move has opened more growth opportunities for $CUTO token in the mainstream market even while in presale. As this token sells for $0.022 in its second presale stage after a 46% jump from an initial price of $0.015, investors are quickly buying this meme coin before another significant increase.
Dogecoin Price Stays Green As It Maintains Dominance In The Meme Coin Market
In the past week alone, Dogecoin (DOGE) was able to secure over 24% in gain as the native DOGE token jumped out of its resistance at $0.1078 to stable levels around $0.130, as observed in the weekly chart below.
Most of the gains Dogecoin price secured in the past week shows its bullish potential for the year as the token just recently consolidated below $0.11 before eventually pricing up as October slowly runs out.
Despite Dogecoin’s current dominance among meme coins, it may need a rather significant rally again this year, to maintain this position. While it has secured over 32% gain in the past month, and over 127% in a year, technical analysis points at a strong buy signal for the token as more gains are imminent in the near future.
Pepe Coin Price Maintains Upward Trajectory Amid Market Cap Jump
Despite several fluctuations, after falling from its September’s high, the Pepe (PEPE) is still maintaining a progressive upward trajectory. In its consolidation phase, PEPE price was able to hit higher levels three consecutive times, allowing it to secure slightly over 11% gains in the past week.
Meanwhile, in the past month, PEPE price rose by over 42%, and when its year-to-date trajectory is considered, PEPE coin is seen to be mirroring a price resurgence. This is bound to increase 1,530% year-to-date gains as its price slowly meets up with its peak this year, as seen below.
Ultimately, PEPE coin is maintaining a bullish momentum for the year and is capable of potentially surpassing its all-time high this year. As it navigates between price fluctuations still, investors are urged to remain calm as technical analysis signals now as the best time to buy the frog-themed meme coin.
Which Meme Coin Is Capable Of Seeing A Higher Rally This Year: CUTO, DOGE Or PEPE?
As meme coins, Dogecoin and Pepe, have the tendency to secure the highest gains this year due to their heightened notoriety. Cutoshi may stand a greater chance at achieving a higher growth rate, owing to the presale attention it has been gathering proves the sky’s the limit.
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