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Recent developments in the crypto market suggest the altcoin season might have commenced, especially with many altcoins jumping on the ‘Uptober’ bullish momentum.
As expected, meme coins are already looking to jump on the rally. Solana meme coins, BONK and Dogwifhat (WIF) are exhibiting promising signs, according to CoinMarketCap data. A new meme token, Cutoshi (CUTO), is also getting positive predictions.
BONK Coin: Gaining Traction Despite Losing Top Spot
The BONK coin, a Solana-based meme coin, has experienced significant growth over the past year, with a remarkable 11235.85% surge in price, reaching an all-time high of $0.00004704 in March. Although the Bonk price has recently dropped by 52.08% from its ATH, the current market sentiment, and CoinMarketCap data suggest that BONK might be primed for another rally.
Source: CoinMarketCap
Despite losing its top spot to Dogwifhat as the largest Solana meme coin by market capitalization, the BONK coin continues to gain user adoption. The meme coin has seen a substantial increase in its market cap, surging by 14.7% in the last seven days to around $1.66 billion. Additionally, BONK’s 24-hour trading volume has risen by 53.11%, indicating a significant increase in trading activity.
On the price charts, the Bonk coin price has recorded gains across weekly and monthly timeframes, with the most significant coming at 29.68% on the monthly trends. While some experts have predicted a possible setback, BONK is still holding its own for now.
WIF Price Charts Reflect Meme Coin’s Strength
Dogwifhat (WIF) is the current leader of the meme coin sector. And given the bullish anticipation in the crypto market, investors would rightly expect the WIF price charts to reflect the meme coins’ status in the crypto market ahead of the coming bull run.
While investors might be a bit worried that the Dogwifhat coin has now lost 6.42% in market cap, analysts believe it’s still a minor regression, considering the Dogwifhat coin market cap is uptrending at 14.94 on the weekly timeframe. Maybe that’s not enough reason to panic yet, especially considering Dogwifhat (WIF) is still bullish on the price charts.
Source: CoinMarketCap
Dogwifhat (WIF) is rallying in consonance with the general market mood. The WIF price has gained 9.58% in one week, continuing in an uptick that has seen the meme coin spike by 73.39% within the monthly time frame. While many observers were initially optimistic about Dogwifhat (WIF) aiming for its ATH, the coin has slowed down, and a new ATH is now seemingly a far reach.
Cutoshi Gains Momentum: Experts Predict 100x Surge
Cutoshi’s recent pull has been impressively strong, with investors eagerly accumulating CUTO tokens. This growing interest has caught the attention of crypto experts, who are now predicting a 100x surge for the project. They cite Cutoshi’s utility and comprehensive DeFi plan as key drivers of its inevitable growth.
Cutoshi (CUTO) draws inspiration from both Satoshi Nakamoto’s teachings and the symbolic Chinese Lucky Cat, which is renowned for attracting good fortune. Aligning with Satoshi’s pillars of security, privacy, and financial opportunity for all, Cutoshi (CUTO) offers exciting features that reflect these ideals.
The Cutoshi DEX platform simplifies trading activities and addresses the interoperability issues that have long plagued the DeFi industry. Users can securely swap and trade assets on the platform without hassle. Built on the Ethereum blockchain, Cutoshi’s operations benefit from an additional layer of security, providing sufficient use cases to maintain the value of its native coin, CUTO.
Another factor contributing to the predicted 100x surge is Cutoshi’s deflationary plan. According to the tokenomics, 7% of the 440,000,000 CUTO tokens in circulation will be permanently burned from the ecosystem, effectively reducing inflation and creating scarcity. This scarcity will drive up demand and, in turn, scale the value of the CUTO token.
Bullish Aura Surrounds Top Meme Coins
Drawing insights from available data on CoinMarketCap, experts have identified a bullish aura among three of the most impressive meme coins in the crypto market right now: BONK, Dogwifhat and Cutoshi.
While all three of them have been tipped to continue their impressive form, Cutoshi’s features put it a level higher. Investors have identified how the hybrid coin’s touch of Defi could bring more value to the meme coin market.
For more information on the Cutoshi (CUTO) Presale:
https://cutoshi.com/
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
Source: https://en.bitcoinsistemi.com/bullish-price-patterns-seen-on-coinmarketcap-for-bonk-and-dogwifhat-while-cutoshi-is-predicted-for-100x-gains/