1 week ago
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In a week packed with political twists and crypto surges, Dogecoin, Cardano, and Cutoshi have each caught the market’s eye for wildly different reasons. Dogecoin has surged, propelled by Elon Musk's new role in the upcoming administration, while Cardano’s founder Charles Hoskinson is doubling down on crypto policy efforts, promising a push for clarity in 2025. Cutoshi’s memefi offering beats them all in terms of gains, an 88% surge since the initial presale launch, as the second stage of the presale sells out, with CUTO farming going live.
Dogecoin Moons On Musk's D.O.G.E. Appointment
Just when we thought that the crypto market was over Elon Musk affecting the price of Dogecoin via tweets and Shiba Inu pics, President-elect Trump got Musk to join him at a rally, where he announced that Musk would be head of the Department Of Governmental Efficiency aka D.O.G.E.
That alone sent Dogecoin skyrocketing, and the subsequent Republican win has pushed it further again, with Dogecoin now up by 108% over the last week and 20% over the last 24 hours. The coin has now overtaken XRP to become the fifth biggest crypto.
The coin saw netflows of 431M when it reached the $0.23 mark, as long-term holders then took profit.
As shown by data from IntotheBlock, Dogecoin’s exchange netflow, a metric that measures the difference between deposits and withdrawals reached 852.46 million DOGE by the 7th of November. The price then dropped back to $0.19.
However, Dogecoin soon witnessed a rebound rally and is now trading at $0.32, with many wondering if DOGE is set to blow up like it did back in the bull run of 2021, when it reached an all-time high of $0.73.
An analyst at CoinGape predicted the next target for Doge’s price is $0.40.
Cardano’s Charles Hoskinson Pushes For US Crypto Policy Reform
Cardano, like Dogecoin, has benefitted massively from the election, as it was one of the cryptos deemed to be a security by ‘soon to be jobless’ Gary Gensler - Chairperson of the SEC.
Furthermore, in a recent video by Cardano founder Charles Hoskinson, who tweeted with the words “I’m back,” he explained how he had gone on healing retreats for his stress levels which were much needed. But what was of even more interest was his focus on crypto policy.
Hoskinson shared that a significant portion of his 2025 will be dedicated to shaping U.S. crypto regulations. He plans to work closely with lawmakers in Washington D.C. and members of the administration to ensure that the policy reflects the needs of the American crypto industry, not outside interests like BlackRock.
Hoskinson emphasized that this is the best chance the industry has had for clarity, especially with the likelihood of Republican control across key government branches. He aims to remove the uncertainty that regulators like the SEC have imposed on ecosystems like Cardano, Ripple, and Solana.
This news, combined with network upgrades and whale activity pushing transactions up by 120%, has sent Cardano soaring by an impressive 84% over the last week, giving long-term ADA holders some much-needed reassurance.
Cutoshi Leads The Way To A New Era Of Memes And DeFi
One of the best-performing sectors this year and also this week, with 5 out of the 6 best-performing categories on Coingecko being meme-related. And unsurprisingly, the number one spot is being claimed by Elon Musk-related coins!
But Cutoshi is doing one better, by providing the meme coin cuteness of the Chinese Lucky Cat, with a focus on making DeFi fun and accessible.
The market has responded very positively to the CoinMarketCap-listed project, with over three-quarters of a million dollars raised in just a few weeks.
This is likely due to the immense potential that people see in mixing DeFi with memes. Cutoshiis creating a decentralized exchange where people can trade across blockchains, making it much easier than having to bridge from chain to chain. They also will allow people to do peer-to-peer trading, as this aligns closely with Satoshi Nakamoto’s wish for everyone to have access to financial freedom and privacy. A learning academy is also in the works to make sure everyone can get the most out of DeFi.
The latest bullish news for Cutoshi is the launch of their farming and quest platform. With tasks that include engaging with the community and being active on socials people are able to earn CUTO points, which will later be exchanged for tokens and airdropped when the token goes live.
Cutoshi is still in presale, up 88% as it sold out of stage 2 in record time. With 24% of stage 3 already sold, Cutoshi holders can feel confident in the continuing growth of the project.
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.
