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As the broader meme coin market retraces, we look at three exceptions. DOGE, POPCAT and CUTO.
Dogecoin grows as people see the coin as beloved by Trump and Musk. Popcat remains the best-performing meme coin of 2024, returning over 40,000% for early holders, while Cutoshi is gaining attention and up by over 46%, ready for a further price hike.
DOGE - Musk To Run Department Of Governmental Efficiency AKA D.O.G.E?!
DOGE is a shy dog that really blossoms under the limelight of celebrities such as Elon Musk and Donald Trump. Since very little happens on chain, price action is strongly affected by things like the upcoming US elections.
Dogecoin spiked by 10% after the Trump rally where DOGE was mentioned as was the joke of Musk running the D.O.G.E if Trump wins. Speculators are looking to see which way the coin will go after the elections, with some saying it could go as high as $0.50.
That’s an optimistic prediction, but one that might come true if the Republicans win the vote.
Polymarket is currently showing 56% chance of Trump winning the elections. If he succeeds it's likely that DOGE will pump, though long-term holders may also wish to take profit when the news is released.
Dogecoin is in the green across all timeframes, up 40.0% on the bi-weekly chart and 142% on the yearly.
POPCAT Sees Bullish Momentum Amidst Whale Sales
POPCAT, based on an animated picture of a real-life cat called Oatmeal, has been one of cryptos's biggest hits this year, having recently reached a new all time high of $1.75. And that’s despite the fact that the owner of Oatmeal was considering taking action against POPCAT saying that they are ‘against cryptocurrency’.
However, as lawyers verified, the meme is part of the commons and therefore cannot be removed from the crypto, or challenged by the cat’s owner.
POPCAT is now trading at $1.72, although data from Nansen showed some smart money wallets began reducing or even completely exiting positions last week, hinting at a potential consolidation phase. The total sold from ‘smart money wallets’ was around $6.4 million, according to Nansen.
Historically, POPCAT has shown strong weekly gains, frequently above 30%, signaling persistent speculative interest. While recent weekly gains have slowed to around 10%, suggesting possible resistance, the $1.20 level stands as critical support. If this holds, long-term investors remain optimistic about the coin’s potential to reach $2 in this cycle, supported by its impressive 43,351% yearly growth.
Cutoshi Set For Another Price Increase As End Of Second Stage Of Presale Draws Near
While DOGE and POPCAT ride high on fame and pop culture, Cutoshi taps into meme finance with a playful yet strategic approach. Built around the symbol of a Lucky Cat, Cutoshi’s charm extends beyond its quirky mascot. Investors are intrigued not just by its visuals, but by Cutoshi’svision of MemeFi, which combines the fun of meme culture with DeFi mechanics.
The main part of Cutoshi's offering is a cross-chain decentralized exchange (DEX), allowing users to swap tokens across different blockchains without needing multiple platforms. This cross-chain function simplifies transactions, which is especially appealing to newer investors who might find the complexities of multiple chains intimidating.
Users will also be able to learn how to generate passive income through staking and yield farming on the platform, and there will be a group leaderboard to make farming more fun and interactive.
Cutoshi's presale structure offers early adopters discounted tokens in return for their support, which has already led to a 46% price increase from the first presale stage. This phased approach incentivizes early supporters and builds momentum as more investors join, giving them the chance to see growth even before the public listing.
If Cutoshi can maintain the hype that is already surrounding the project then the price of CUTO is sure to keep rising throughout the presale and potentially beyond.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
