Dogecoin Price Will Return To $0.15 Before Year End, Experts Call On Cutoshi To Win The Race Against DOGE
While Dogecoin could surge back to previous levels, analysts expect Cutoshi to do even better than the meme sector leader.
There is a lot of talk about ‘uptober’ in the crypto market, and many crypto projects are looking to recover some of their losses and get back to their old levels in the traditionally bullish month. As expected, meme coins are set to join the bullish party as industry leader Dogecoin (DOGE) seeks to return to its $0.15 level.
Meanwhile, crypto experts are rooting for hybrid meme and Defi token, Cutoshi (CUTO). The presale token aims to outpace DOGE in the race for profits with its lucky cat charm and Satoshi Nakamoto’s blueprint.
Dogecoin (DOGE) Eyes $0.15 Mark Amidst Bullish Anticipation
Despite benefiting from the late September surge where the DOGE price peaked at $0.132 (its highest since July), Dogecoin (DOGE) started the month on a less impressive note. The DOGE price was caught in the correction wave that affected Bitcoin and many of the other altcoins. However, Dogecoin (DOGE) is now gradually finding its way back into bullish territories.
According to several Dogecoin news, there have been noticeable whale activities on the project lately. Market intelligence platform IntoTheBlock reported recently that Dogecoin (DOGE) accumulated up to 2.07 Billion $DOGE in the first week of October. Also, activities have spiked on the 24hrs trading volume according to data from CoinMarketCap. And now, many analysts have pointed out that this renewed interest in Dogecoin (DOGE) suggests an anticipation of an imminent DOGE price surge.
Elsewhere, popular crypto market analyst, Ali Martinez, identified a familiar pattern from years ago on the Dogecoin price charts. According to Ali, there are three stages of a 200% pump followed by a 60% pullback, which is then followed by a full-blown bull run.
All of these pointers suggest that the DOGE price could be closing down on the $0.15 mark in a matter of weeks.
Cutoshi (CUTO): Merging Fun And Utility In Defi
At first glance, the first catchy feature of the Cutoshi (CUTO) project is its lucky cat theme. The project conceptualizes the Chinese Lucky Cat, which is traditionally believed to attract good fortune. This idea perfectly complements its blockchain features which aligns with the ideals of the famous Satoshi Nakamoto–decentralization, freedom, and privacy.
For a long time, the Defi industry has struggled with interoperability across different blockchains. Cutoshi (CUTO) will introduce a decentralized exchange platform–the Cutoshi DEX–which would allow for easier multi-chain crypto transactions. The Cutoshi DEX will create utility for its native CUTO token, giving it a clear edge over other meme coins like Dogecoin (DOGE).
As an Ethereum-based token, Cutoshi (CUTO) will benefit from the security and transparency of the Ethereum blockchain. Also, the project has a deflationary measure in place to curtail inflation. 7% of the project’s 440,000,000 token supply have been earmarked for burning. This token burning will create a scarcity to sustain CUTO’s value.
What’s more, is the extra value that Cutoshi (CUTO) is bringing to the Defi industry. To further emphasize its alignment with Satoshi’s template. The Cutoshi ecosystem features a Defi academy where enthusiasts can scale their knowledge of trading and decentralized finance. Members of the Cutoshi community can also earn rewards for participating in community activities and claiming rewards through Cutoshi Farming.
The project is merging the best of two worlds–the fun of memes and the utility of Defi. There’s a whole lot of value in Cutoshi (CUTO), and experts are already sold on its vision.
Experts’ Take On Dogecoin And Cutoshi
The optimism in the crypto market is almost palpable, especially for meme coins. Meme coins have a reputation for massive price surges, hence it’s easy to see why both Dogecoin and Cutoshi could be prime for surges.
However, the Defi influence on the Cutoshi project gives an edge. Also, unlike many meme coins, CUTO does not lack utility, and its plan for deflation could ensure a consistent price trajectory. Experts are bullish on Cutoshi. The token is currently selling at $0.022 in stage 2 of its presale, and there is a 100x price projection for the token.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
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