Meme season is taking the market by storm, with Pepe (PEPE) and Dogecoin (DOGE) leading the charge. It’s safe to say, however, that both Pepe and Dogecoin have passed the point of diminishing returns, given their massive, multi-billion market caps. Although they can still grant significant returns as the cycle progresses, savvy investors are on the lookout for undervalued, low-cap gems that can bring in the real price multipliers.
One such project is Cutoshi, which has been capturing the attention of veterans and newbies alike with its unique MemeFi platform.
Pepe Teases Breakout Above $0.000020
After soaring to a new all-time high at $0.000034 just over a week ago, Pepe (PEPE) has entered a cool-off phase as investors began taking profits. Pepe retraced all the way down to $0.000016, where it found strong support as buyers stepped in. Today, Pepe sells for $0.000022 with little to no movement in terms of intraday price action, although on the monthly time frame, it boasts a staggering 377% surge.
At $8.5 billion in market capitalization, Pepe now occupies the 19th place on the crypto leaderboard and its unstoppable rise is threatening Shiba Inu’s position as the 2nd biggest meme coin. Meanwhile, large wallets continue to bet heavily on Pepe, according to on-chain tracker TheCoinMonitor, a whale has placed a $1.1 million long position on Pepe.
Dogecoin Reclaims $0.42 Peak, What’s Next?
With its $62 billion market cap, Dogecoin (DOGE) continues to reign as the undisputed meme king while simultaneously holding the 7th place on the crypto totem pole. Just a few days ago, Dogecoin soared to a new yearly peak of $0.47, a level not seen since its legendary 2021 run. However, it didn’t manage to hold this price point, as selling pressure intensified, forcing a pullback. At press time, Dogecoin trades at $0.39.
Dogecoin’s rise has been supercharged by Donald Trump’s victory in the US presidential elections with Elon Musk becoming his unofficial right-hand man. Not only Musk is renowned as the most famous Dogecoin champion, but he will also lead the new Department of Government Efficiency, not-so-coincidentally nicknamed D.O.G.E. What does this mean for Doge? That a bright future is ahead, most likely.
Cutoshi, The Luckies Cat On The Blockchain
The Japanese Lucky Cats are said to bring good fortune to businesses and households. Cutoshidraws its inspiration from them as it’s designed to bring good fortune and prosperity to the rapidly growing community via its unique reward mechanism.
CUTO DEX is Cutoshi’s base of operations. This is a non-custodial, cross-chain exchange that leaves the middlemen aside, allowing users to be fully in control of their funds and personal data. The decentralized exchange integrates all major blockchains, allowing for seamless transactions across a wide array of assets while promising the lowest possible fees.
In addition to this, Cutoshi will provide substantial monetary incentives to users who engage with the ecosystem. The Cutoshi farming initiative will allow community members to participate in special events and complete fun missions and tasks. In exchange, they will receive CUTO points that can be turned into $CUTO once the token is released for trading.
The $CUTO presale has entered its third stage and over $1 million has been raised so far. $CUTO tokens are priced at just $0.0259 and when taking into account all that Cutoshi has to offer, it’s likely that this price won’t stay this low much longer.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2024/11/huge-crypto-gains-this-q4-with-popular-meme-coins-as-investors-ape-into-pepe-and-dogecoin-and-innovative-new-erc-20-token