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The meme coin market has gained considerable recognition for its lucrative potential. This has seen meme coins such as Floki (FLOKI) undertake impressive partnerships, the latest being Terra Casino's announcement that users can now deposit Floki. This move has seen Floki's price performance regain an upward trend.
Popcat (POPCAT) has seen a notable monthly surge of over 40%, as Cutoshi, a presale star, is set to expand the meme coin functionalities driving sustainable growth. This new utility token project integrates a DeFi hub within its ecosystem, attracting many investors and leading to a CMC listing.
Besides the hype associated with meme coins, there has been a significant shift in focus from merely hype meme coins to value driven alternatives. Cutoshi is creating a value first ecosystem to fit this category while retaining its meme coin elements.
Inspired by the Chinese Lucky Cat, known to bring luck, wealth, and prosperity, Cutoshi adopts Bitcoin's founders' core principles of decentralization, monetary freedom, and privacy. As such, the project’s ecosystem includes community centric and lucrative features such as the DEX platform. The multi-chain DEX helps ensure easy asset swaps across multiple blockchains, saving time and money.
In addition to carrying out crypto transactions on the Cutoshi DEX, users can also earn extra CUTO tokens through the farming protocol. This, backed by other features such as the Cutoshi Learning Academy and NFTs, makes the project stand out from the rest of the hyped projects. Moreover, with a current price of just $0.022, early investors are already enjoying over 46% ROI.
Popcat (POPCAT) has risen by over 8% in just a week to exchange hands at around $1.47. The POCAT price surge coincided with a rally in its future open interest, which rose from $46.91M at the beginning of September to an ATH of $274.8M.
According to market analyst Bluntz, Popcat's price recently broke out of its ascending channel. Such a breakout usually signals continued price growth as sustained buying pressure overcomes previous resistance within the channel. According to a tweet by FomoCrypto, several whales have also been accumulating Popcat tokens lately, pushing the meme coins' uptrend.
Moreover, the Popcat MACD indicator shows a bullish crossover, with the Average Directional Index at 37, further confirming that the current bullish trend is strong. Other technical indicators, such as RSI and the 50 and 100-simple moving averages, suggest a continued upward momentum that could see the POPCAT token hit the $2 mark.
Floki Inu has continued its upward trend to become one of the best performers in 2024. This meme coin opened 2024 at $0.000035, failing to record a surge as other digital assets recorded significant rallies. However, Floki’s recent price rally has managed to outshine most of the hyped meme coins, hitting an ATH of $0.0003462 in June.
Floki Inu currently trades at around $0.0001412, representing a YTD of over 470%. The 50-day EMA and 100-day SMA, two notable technical indicators for Floki Inu, are currently lower than the token’s price, suggesting an underlying bullish momentum.
Moreover, Floki’s relatively small market capitalization makes it more sensitive to drastic price movements. This means that Floki’s price could rise incredibly fast. Currently, the RSI for Floki is within the 30 to 70 neutral zone, suggesting that the price is trending neutral. Based on this, the price prediction for Floki could target $0.0003 while eying further gains in Q4.
Just like Popcat and Floki, Cutoshi’s unique features, backed by its recent listing, are set to drive immense demand for the tokens while helping investors track the project’s progress. As a result, the Cuto token is set to record an upward price movement with every presale stage.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
