The overall crypto market sentiment is turning bearish as the tension between Iran and Israel rises. Due to the slow price movements of well-established memecoins, investors are seeking high-growth alternatives and promising new projects that can outperform the market.
Memecoin enthusiasts are closely tracking the presale progress of the latest utility meme coin Cutoshi, which could make new millionaires in 2025. Floki Inu (FLOKI) investors’ attention shifts toward this viral newcomer that promises the potential for big profits.
Floki Inu is a renowned memecoin named after Elon Musk’s Shiba Inu dog, Floki. It is compatible with Ethereum and Binance Smart Chain blockchains. Floki Inu has a market cap of over $1.3 billion, with a total supply of 10 trillion FLOKI tokens.
Floki is working on multiple projects, including an NFT gaming metaverse named Valhalla and a merchandise marketplace called FlokiPlaces. After reaching its All-Time High (ATH) of $0.0003462 earlier this year, Floki has seen a major downtrend and is currently 60% below its ATH.
Floki trades at $0.0001372, taking support on the 50-day moving average and below the 200-day moving average. Recently, it has faced resistance near the $0.00017488 price mark. The support level at $0.00013140 is a probable entry for bulls, with another significant support at $0.00011170.
Floki’s price has dropped by a massive 7% in the last 24 hours, but the volume shows a 28% surge today, which means demand is increasing. This demand can be attributed to investors coming in to buy the dip. Today's candle has been a doji with extended highs and lows.
Cutoshi is a utility meme coin that draws inspiration from Maneki Neko (The Lucky Cat) from Chinese and Japanese folklore. It is known to bring good luck and prosperity to its owners.
Cutoshi is more than just a memecoin; it is a utility token that offers practicality to its members. It aims to increase DeFi participation by using the virality of memes to appeal to the meme community and DeFi enthusiasts.
The token’s ecosystem has Cutoshi DEX (Decentralized Exchange), a multi-chain platform for trading assets effectively across multiple chains. The platform is completely decentralized, thus improving privacy and security. The transaction fee is a minimal 0.25%, which means reduced costs for transfers.
Cutoshi introduces NFTs and fashionable merchandise to allow members to embrace the token and enhance its presence in the market further. At the core of the Cutoshi ecosystem is the native token $CUTO, which powers the DEX transactions and allows the purchase of NFTs and merchandise in the community.
At a discounted presale price of $0.015, Cutoshi offers early investors an excellent opportunity to generate 100-fold returns. Investors' interest in Cutoshi continues to grow as they hold the token and wait for the post-presale surge.
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