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The meme coin space used to be a dog’s world, now cats are about to change the rules. Cat-themed meme coins are pulling incredible numbers and are just getting started. Three cats in particular are becoming favorites among investors.
Cat in a dogs world (MEW) and Popcat (POPCAT) have already taken the market by storm, but there’s another feline newcomer Cutoshi (CUTO) that could outperform them both with its unique DeFi functionality.
Cat in a dogs world (MEW) surged by 57% in a month, as it reached a new all-time high of $0.0115. As early buyers began taking profits, Cat in a dogs world retraced to $0.0093, and it seems to have found rock-solid support. Cat in a dogs world is also experiencing a significant 77.9% surge in volume, with over $226 million worth of MEW traded in the last 24 hours.
This recent Cat in a dogs world rally can be attributed partially to the Bitstamp listing. Meme coins unfortunately often get a bad rap because they often become breeding grounds for pump-and-dump schemes. Listings on major exchanges are usually seen as a vote of confidence, and this is expected to bolster Cat in a dogs world’s price action and pave the way for further growth.
A few corrections aside, Popcat has been in up-only mode since it was first unleashed on the markets in January. Since then, it surged by more than 100x, quickly becoming one of the top performers on the meme coin battleground. A few days ago, Popcat reached a new all-time high of $1.67, however, selling pressure intensified and Popcat revisited the range of its previous resistance levels.
At press time, Popcat is priced at $1.53 with a 2.5% intraday increase. Recently, crypto influencer FomoCrypto has shared on-chain analytics, showing that large wallets are rotating Sol profits into Popcat. This is also reflected by the consistent surges in trading volume. Over the last 24 hours alone, more than $217 million worth of POPCAT have changed hands.
The Japanese Lucky Cats are said to bring good fortune and prosperity to businesses and households. Cutoshi draws its inspiration from them, by becoming a literal token of good fortune that could bring incredible returns to early investors.
At the heart of the Cutoshi ecosystem is CUTO DEX, a cross-chain decentralized exchange. Fully non-custodial this platform seamlessly connects major blockchains while ensuring that the privacy and security of users are well-protected. Users will enjoy near-instant transactions across a wide array of assets at just 0.25% in fees.
In addition to this, Cutoshi boasts a novel revenue-sharing mechanism that will consistently reward users for engaging with the ecosystem Via the Cutoshi Farming initiative, users can complete various missions and quests to earn Cutopoins, which can then be redeemed for $CUTO tokens. In addition to this, they can also stake their tokens and earn income on autopilot.
One of Cutoshi’s most interesting ideas is the Cutoshi Academy. This is a learning hub that intends to bridge the knowledge gap and teach beginners the basics of trading, long-term investing, and portfolio management.
The $CUTO presale has entered its second stage and over $600,000 raised so far. $CUTO tokens are priced at just $0.022 and when taking into account all that Cutoshi has to offer, it’s realistic to believe that it could soar, especially with its innovative DeFi ecosystem.
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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.
