Meme coins have been struggling in January, with Pepe (PEPE) and Dogecoin (DOGE) falling below critical support levels. However, as the market stabilized, they both managed to regain some ground after finding a bottom. Meanwhile, Cutoshi (CUTO) continues to gain traction as thousands of investors are joining the viral presale of the native $CUTO token.
Dogecoin Regains Ground With a 3% Bounce
After a memorable triple-digit surge in November of last year, Dogecoin entered a cool off phase that saw it dip below the $0.30 support several times. At press time, Dogecoin (DOGE) is priced at $0.33 following a 3% intraday increase and is currently moving in a narrow trading range as uncertainty persists.
Despite Dogecoin’s lagging price action and reduced investor participation, institutional interest is rising. Recently, Bitwise filed for approval with regulatory bodies for a Dogecoin ETF. Although the decision is currently pending, this already signals an important shift in the attitude of prominent institutional entities regarding meme coins. A Dogecoin ETF will not only pave the way for massive price surges, with the first major target being the $1 milestone but will also send shockwaves across the meme coin space. This is also facilitated by the crypto-friendly regulatory climate under Donald Trump and the endorsement from the most famous Dogecoin supporter — Elon Musk.
Pepe Rebounds, Is A Reversal On The Horizon?
Pepe found a bottom around the $0.000011 mark but buyers stepped in and pushed the Pepe price back into the $0.000013 zone. While Pepe bounced back with a 6.5% daily upsurge, its weekly and monthly losses currently stand at 11.5% and 28%, respectively. While the worst seems to have passed for Pepe, there is still a lot of ground to be covered before it attempts a reclaim of the $0.000028 all-time high.
Analyst Prorok pointed out that Pepe is repeating an early 2024 chart fractal, which saw it explode in value with a near-vertical breakout. If Pepe’s current price action develops the same way, it could soon enter escape velocity and soar above its previous all-time high in February. In other news, just a few hours ago, Japan’s biggest exchange, bitFlyer listed Pepe, expanding its presence in the eastern markets. This move alone could catalyze the momentum that Pepe needs to break above the trendline and enter a new ascending channel.
How Cutoshi Flips The Meme Coin Script
By leveraging the meme coin narrative and a 360-degree DeFi experience, Cutoshi separates itself from other run-of-the-mill memes by bringing forward a utility-focused platform. Cutoshi’s main feature is the Cuto DEX, a non-custodial, decentralized exchange that bridges the gap between isolated blockchains allowing users to perform seamless transactions across all major chains for just 0.25% in fees. 80% of these fees will be redirected toward liquidity providers, while the remaining 20% of this amount will be used for buybacks and burns of the $CUTO token. This is significant as $CUTO is deflationary by design, meaning the circulating supply will be continuously reduced through regular burns, promoting sustainable, long-term growth.
Cutoshi draws inspiration from the Lucky Cats from Japanese tradition, which are believed to bring prosperity and wealth to households and stores. Cutoshi makes legends come to life and brings good fortune to the community through the Cutoshi Farming reward system.
Users can participate in special missions and events and help spread awareness about Cutoshi. In exchange, they will receive CUTO points. These points can later be exchanged for $CUTO once the token launches.
Another intriguing feature that sets this project apart is the Cutoshi Academy. This is an educational hub that wants to lend a helping hand to newcomers and teach them the basics of DeFi, portfolio management and trading. All while fostering a welcoming and inclusive environment.
Stage 4 of the presale is live and $CUTO tokens are selling for just $0.031. So far more than $1.6 million has been raised, as early buyers are rushing to secure an allocation at discounted prices. This is the perfect entry point for investors who want to make the most of the upcoming utility-driven meme revolution. When taking into account all that Cutoshi brings to the table, it could very well be on its way to become this year’s biggest success story.
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