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After a brief setback that sent many crypto coins down into the red zone, the crypto market is gearing up for a bull run again as anticipation builds around October’s history of rallies.
In recent weeks, two meme coins, Dogecoin (DOGE) and Cutoshi (CUTO), have become the subject of expert scrutiny. DOGE price movement has raised some questions about what to expect from the meme coin. Now, there are whispers among experts that CUTO, the newbie token, could be a dark horse in the race for profits, however DOGE could return decent gains as well.
Since May 2021, when Dogecoin set its all-time high at $0.7376, the DOGE price has struggled to get anywhere close to its peak. While many Dogecoin investors have given up on any hopes of the Dogecoin price reaching the $0.7 mark again, recent stats on the Dogecoin charts have aroused their curiosity as to whether the coin is still a worthy investment or if the next bull run could take it closer to its ATH.
The Dogecoin (DOGE) metrics seem quite intriguing. Per data from CoinMarketCap, the meme coin’s 24-hour trading volume has surged by 50.59%, with its market cap also recording a slight 1.93% growth. Crypto analyst Ali Martinez, has also reported that there are roughly 133,880 active Dogecoin wallets right now–the highest in eight months–suggesting an intensification in activities on the Dogecoin (DOGE project).
Last week, the DOGE price traded consistently around the $0.105 mark, but it eventually relapsed on Friday, October 11. At the moment, Dogecoin (DOGE) is trending up on the weekly timeframe at 1.46%. The topic of Dogecoin (DOGE) as a viable investment is relative, depending on an investor’s profit appetite. The Dogecoin price prediction has a bullish outlook, but the gains would only be just decent.
The Cutoshi project brings the symbolism of the Chinese Lucky Cat to cryptocurrency, which is reputed to be the bringer of good fortune.
Cutoshi is still fresh out of the mill compared to household names in the meme coin sector, such as Dogecoin (DOGE). But the new meme coin has impressed experts with unique features and its presale success.
Just as its name suggests, Cutoshi pulls its blueprint straight out of Satoshi Nakamoto's playbook. The project emphasizes security, privacy, and the economic freedom of its community members. Knowledge is key to financial freedom. Hence, the project introduces the Cutoshi Academy where Defi knowledge is spread among the members of the Cutoshi community.
Earning on the Cutoshi project doesn't stop at trading or investing alone. Cutoshi encourages community engagement by allowing its users to earn through token farming. Users get token rewards for completing tasks and participating in quests.
All of these features are attracting investors fast. The token is selling at $0.022 in Stage 2 and early buyers are already up a huge 46.6%, raising more than $500,000.
Meme coins remain market favorites for the biggest gains in the coming rally. While the Dogecoin price prediction is bullish, experts have cited Cutoshi's integration of Defi ideals as cutting edge.
The meme coin's fusion of Defi and memes brings a different perspective into the crypto market. And if it continues with Satoshi's template, who knows whether it might be the Bitcoin of the meme coin sector?
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