A viral new memecoin, Cutoshi (CUTO), is rumored to dethrone the meme king Dogecoin (DOGE), giving over 10,000% returns in early 2021. As DOGE continuously falls and struggles to reach its All-time high made over three years ago, investors look for projects in their early stages to maximize their returns on investment.
In this article, we will discuss the features that will ensure Cutoshi will be able to replicate the returns of Dogecoin (DOGE) and become the next leader in the meme coin space.
Dogecoin (DOGE) Starting To Recover?
Dogecoin has had a rough year. It has been in a downtrend since its 52-week high of $0.229 in March. Dogecoin recently broke above its previous high to end the lower highs formation. However, soon after, it faced massive rejection. Over the past two weeks, it has steadily moved in a short-term uptrend.
At press time, Dogecoin trades at $0.1164 with a market cap of over $17 billion. The price has decreased a slight 0.46% in the last 24 hours. Dogecoin’s trading volume has surged over 26% today. Currently, Dogecoin is above its short-term 10-day and 20-day Simple Moving Averages (SMAs), taking support from the 20-day SMA multiple times.
Dogecoin’s immediate resistance is $0.12009, and the next significant resistance is $0.12849. The short uptrend may end if Dogecoin faces intense bearish pressure at these levels. Dogecoin is finding support at $0.11565 at the moment. If the price falls further, $0.10918 and $0.10297 are the levels where Dogecoin can take support.
Cutoshi (CUTO): Ethereum Based Doge-Killer
Cutoshi is the latest utility memecoin on the Ethereum ERC-20 network. It is based on Chinese and Japanese folklore, where the lucky cat is known to bring good wealth and prosperity to its owners. Many Asian people keep the lucky cat figurine in their homes for its lucky powers.
Cutoshi addresses the lack of knowledge about Web3, blockchain, and decentralized technologies by teaching newcomers about these complex topics in a fun and engaging way. The educational content created by the Cutoshi Academy is mostly free to those who want to expand their horizons.
Members of the Cutoshi community can participate in challenges and quests to earn CUTO points. Additional points can be earned by visiting the Cutoshi shrine and topping the leaderboard.
The CUTO token is in presale stage two, and investors are currently getting a discounted price of $0.022. The price is expected to rise as the presale progresses, and thus, early investors have an excellent opportunity to profit quickly.
For more information on the Cutoshi (CUTO) Presale:
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