The memecoin market has witnessed huge growth in the year, hitting over $60B in marketcap in Q1 of 2024. This increasing interest has profited smart investors with data from the on-chain market tracker, Lookonchain showing how these smart investors made huge profits trading meme coins.
In this article, we look at Cutoshi, a new crypto project that combines a fun meme coin with DeFi to bring DeFi closer to the masses. Backed by a unique ecosystem, the project is already attracting interest from Floki and Bonk holders, forecasting a massive rise in the coming months. More details below.
Is Cutoshi on the Path to Becoming the Next Dogwifhat?
Cutoshi is a meme coin and DeFi hub on a mission to bring luck, wealth, and prosperity to your digital assets. Inspired by the traditional Chinese Lucky Cat and Satoshi Nakamoto’s teachings, Cutoshi is championing a platform where freedom, privacy, anonymity, and financial empowerment are the watchwords.
By infusing the spirit of the Chinese Lucky Cat with these ideals, Cutoshi is creating an ecosystem where control and decision-making powers rest in the hands of the users, just like Telegram. At the heart of the project is the multichain Cutoshi decentralized exchange which is a key tool for people using DeFi.
Meanwhile, the utility token of the ecosystem CUTO is sold for just $0.015. Some analysts believe the project will follow the Dogwifhat price trajectory, which soared by over 200% earlier in the year. As such, they forecast 100% rallies by the time it hits a major CEX exchange.
Floki Price Continues Promising Momentum
Floki (FLOKI) is ranked 58th among top coins based on market capitalization. While it dipped 8% in the last month, Floki’s price surged by 15% in the past week based on CoinMarketCap data. For the first time in 3 weeks, Floki’s price has broken through the $0.00014 resistance zone. Some analysts believe that with more buyer activity, the price could hit $0.00020 soon.
Zooming in, Floki’s Fear and Greed index is 59 (Greed), which signals more potential for massive growth. Data from Coincodex shows that Floki crypto has recorded 15 green days in the monthly chart while trading above its 50-day SMA ($0.000127).
Based on the analysis of CryptoJobs, a crypto analyst on X, Floki will witness a bullish breakout soon. The expert believes that as long as Floki’s price keeps consolidating above the $0.000128 support zone, a pump toward the $0.00015 level is possible. With over $200M in daily trading activity, Floki Inu could hit new highs soon.
Can Bonk Achieve a $0.00003 Price Point Soon?
The Bonk (BONK) price has continued to rise in the last couple of weeks. Despite declining by 10% in the past month, according to CoinMarketCap, Bonk’s price has gained 17% and 5% in the past 7 days and 24 hours, respectively. The popular Solana meme coin has also surpassed the $0.000080 key resistance trendline and could test the $0.000021 resistance trendline soon.
According to the Coincodex technical analysis of the Bonk coin, the MACD level suggests a bullish perspective despite the neutral market sentiment. Also, Bonk recorded 17 green days in the past month which has encouraged more investors to join.
Based on an analytical chart posted by Crypto Punk to over 2k followers on X, Bonk’s price is about to break through the descending trendline. The analyst thinks a daily close above the trendline could trigger a bull rally.
Which Coins Should Investors Watch Out For?
Buying meme coins can be dicey and risky. However, with market analysis and the opinion of popular experts, investors can make smart decisions. While Floki and Bonk are showing signs of an imminent rally, now could be the best time to invest in Cutosh, which is being called the next 100x meme coin.
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