The legendary Dogecoin is once again stirring up traders, excited about its next moves. Experts explain signs that DOGE could rise as much as 50% before the end of the year. At the same time, a new utility-based memecoin, Cutoshi, could see even higher gains.ย ย
Dogecoin Set To Gain 50% Before End Of Yearย
The king of meme coins, Dogecoin (DOGE) has been struggling in recent days, testing key support metrics. However, after standing its ground, traders are expecting a major comeback.ย
In the past few days, technical indicators were not great for Doge. Overall, Doge is showing sell signals. Moving averages, in particular, are indicating a strong sell, suggesting that Doge is on a potential downward trend.ย
However, after holding fast, Doge began testing its key resistance at $0.11. Below this point, 39,700 Dogecoin addresses, holding 36.13 billion tokens, are at a loss. Analysts were worried that this would mean disgruntled traders who are looking to offload their tokens.ย
This has not happened, and Dogecoin traders are holding, signaling a bullish momentum. When Dogecoin breaks its resistance at $0.1, it is headed for the next level at $0.14, and then beyond.ย
With traders regaining confidence, the Dogecoin has a shot at climbing even higher. At $0.16, Dogecoin would gain 50% from its current levels. With the upcoming election, traders expect Elon Musk to tweet about the token to court potential investors. This would see Dogecoin easily reach these levels.ย
Cutoshi Set To Outperform Dogecoin
A new meme coin sensation Cutoshi (CUTO) has even bigger potential. This cute and fun meme coin is hiding a DeFi powerhouse that appeals both to memecoin enthusiasts and serious investors.ย
This token has the Chinese Lucky Cat as its avatar, a symbol recognizable all over the world. Now, this lucky cat is on the blockchain, bringing fortune to your crypto wallets. At the same time, Cutoshi also takes inspiration from legendary Bitcoin creator Satoshi.ย ย
For that reason, Cutoshi is building a complete DeFi ecosystem, powered by the viral nature of meme coins. It will feature a multichain DEX, token farming, community rewards, a crypto academy, NFTs, and much more.ย
In fact, a portion of its DEX revenues will go to token burns, making it deflationary. This means that Cutoshi can reach $1 much easier than Doge.ย
Currently in its presale phase, Cutoshi has a low price of $0.022. This level is a great opportunity for those who join early. Thanks to its utility, and fixed supply, Cutoshi has a real shot at joining the top 200 cryptos.
Conclusion
If you missed out on Dogecoin, get on the Cutoshi train. The presale is still in its early stages, meaning that the biggest rewards are for those who get in as soon as possible.ย
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:ย