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Meme coins are making a roaring comeback as Dogecoin leads with massive gains, Popcat challenges the throne, and viral newcomer Cutoshi captures investors’ attention.
The crypto market is entering its most bullish phase and meme coins are finally making their long-awaited comeback. Dogecoin (DOGE) is leading the way with massive gains, Popcat (POPCAT) is following closely.
A newcomer is also seeing significant action and investors are flocking to its viral presale. Let’s take a deep dive into Cutoshi and discover why it could be the next big meme gem.
Dogecoin’s road to $1 has been paved
Dogecoin’s biggest supporter, Elon Musk is having a field day with his crucial role in Donald Trump’s administration. The Dogecoin price reacted almost immediately after it became clear that Trump was going to be the next Commander in Chief of the United States.
Since October, Dogecoin’s trajectory was already gaining bullish momentum, over the last 14 days it hit escape velocity with a 138% surge.
Dogecoin tore through several previously “unbreakable” resistance levels and settled around the $0.38 mark with a 4% intraday decrease. Currently, Dogecoin is well on track to reclaim the $0.56 yearly peak of 2021. Once the bull market kicks into gear, the coveted $1 DOGE could become reality in 2025.
Crucial resistance is weakening for Popcat
Popcat rose to prominence in meteoric fashion as it executed a near perfect 100x multiplier since it launched earlier this year. Popcat belongs to the new-guard, cat-themed meme coins (of which Cutoshi is also part) that could challenge the multi-year dog rule. By the looks of it, Popcat could become the Dogecoin of cats, the signs are all there, starting with $1.49 billion in market cap.
At press time Popcat trades at $1.79 with a 44% monthly increase and a surge in 24-hour volume amounting to $143 million. Popcat saw a new all-time high of $2. However, it retraced shortly after. The $2 resistance has been slowing Popcat down, as bulls continue to test it, it’s only a matter of time before it gives in.
Cutoshi the luckiest cat on the blockchain
While Dogecoin gets a pass for being the first and biggest meme coin, and evolving into a legitimate asset, most other memes are purely hype-driven. Meaning that once the trend dies down, they could experience massive disruption. By focusing on utility, Cutoshi is built to thrive for the long run.
Beneath the cute and cartoonish surface, Cutoshi boasts a state-of-the-art DeFi ecosystem that integrates isolated blockchains and allows seamless cross-chain swaps for low fees.
Cutoshi has a very simple goal: to bring good fortune to its community, just like the Lucky Cats of Chinese folklore bring prosperity to businesses and households. Users can now participate in the Cuto Farm initiative and earn massive prizes along the way. They will be tasked with completing fun and engaging missions and tasks aimed at boosting Cutoshi’s online presence.
In exchange, they will be rewarded with CUTO points, which can be later redeemed for CUTO tokens once the presale ends.
Cutoshi believes that crypto is for everyone, for this reason the Cutoshi Academy was created. This is an educational platform that will lend a helping hand to beginners and teach them the ins and outs of DeFi, trading, and portfolio management.
The third stage of presale has started and tokens are priced at just $0.0259, early buyers have already amassed a massive 77% ROI. Once Cutoshi hits the markets, it could follow Popcat’s footsteps as the cat-themed meme coin narrative ramps up.
To learn more about Cutoshi, visit the website.
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