Meme coins have been some of the best performers in the 2024 crypto bull run, with PEPE up by 1457% this year. A few days ago PEPE rose above the $0.000009 resistance level, can this bullish rally continue? Cutoshi is a new meme coin in presale, that combines DeFi principles with the virality of memes. It has investors excited due to its unique utility, but can it make it to stage 3 of its fundraising?
Will PEPE Make New Price Records Or Struggle To Fight Bearish Indicators?
Youtuber More Crypto Online recently used Elliot Waves technical analysis to suggest that PEPE is well on its way to a breakout, with a fourth and fifth wave becoming likely to form on the charts.
As PEPE continues its impressive rally, experts are analyzing its next moves. With a current price of around $0.00001039, PEPE is flirting with a significant buy-the-dip opportunity, especially as it approaches the 50% Fibonacci retracement level. A daily close above $0.000011 could ignite a bullish surge, potentially propelling PEPE to $0.0000134 – an anticipated 22% gain.
Despite this optimistic outlook, some technical indicators raise caution. The NVT ratio has spiked, suggesting potential overvaluation and signaling that the price may not be supported by sufficient transaction activity. Additionally, PEPE has struggled to clear the resistance at $0.00001146, and bearish sentiment is creeping in, with recent declines in open interest and a concerning RSI below the neutral mark.
People who bought PEPE early are likely in profit now, but new entrants may wish to look for coins with better fundamentals, use cases and a smaller market cap.
Cutoshi Could Be The Leader Of A New Generation Of Meme Coins
According to their community, and due to its recent listing on CoinMarketCap (CMC), Cutoshi is the next big thing to arrive in the crypto world. And that’s because unlike pure meme coins like PEPE, Cutoshi combines both memes and decentralized finance.
Whilst PEPE’s biggest gains are likely a thing of the past, (the coin is up 18,832% since it’s all time low, according to CMC), Cutoshi’s biggest gains are likely to come over the next few months. The CUTO token is already up by 46% from its presale launch a couple of weeks ago, and is set to rise again soon. This is because the coin is aiming to reach stage 3 of the presale, having rapidly sold approximately 50% of the coins allocated for stage 2.
So what’s the difference between Cutoshi and other meme coins?
Cutoshi is a meme coin but it also integrates decentralized finance (DeFi) utility. The team is passionate about Satoshi Nakamoto’s dream for ordinary people – a life where money can exist outside of traditional finance (TradFi) boundaries and limits.
While TradFi is geared to benefit high net-worth individuals who have access to the best products, DeFi brings us onto a level playing field.
Cutoshi is creating the building blocks of a DeFi ecosystem that could become as large as it is cute, especially given that the community has raised over half a million dollars in the few weeks since launching the presale.
The next phase of their roadmap is to launch group farming and quests. This will continue to unite the community and provide a way for everyone to accumulate CUTO.
Phase 2 is to build the Cutoshi DEX, which will allow people to trade easily across blockchains. Other roadmap stages include a learning academy, NFTs, a merch shop and token buybacks and burning. This should all help to create a fun and profitable token and MemeFi ecosystem.
As CUTO is still in the early stages of presale, this means there is a huge upside potential for those who are inspired by Cutoshi’s vision and tokenomics, with some analysts forecasting a 1200% rise from here.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken