A company that is changing the way the world mines bitcoin

Crypto Daily 2024-12-03 17:26:57

Crypto Traders Identify This ETH Token As The Meme Coin To Deliver Dogecoin-Like Gains In 2025 And It's Not Pepe

2025 is gearing up to be a strong year for crypto if the current year is any indication. The political earthquake in Washington is sending crypto assets to their all-time highs. Among the various market segments, meme coins are among the biggest gainers. One token is expected to replicate the returns Doge did and it’s not Pepe. A new altcoin, Cutoshi , is gaining traction in the market. Dogecoin Sees Renewed Interest Among all the memecoins, Dogecoin (DOGE) is the most legendary. After a spectacular growth in 2021, Dogecoin is once again attracting interest and delivering returns. Notably, the original meme coin saw an increase of 161.04% in the last 30 days. Source: CMC The catalyst for Doge’s latest growth is the monumental political change in the US. With Trump’s victory, Dogecoin’s main promoter, Elon Musk, will soon have an influential position in Washington. Musk did not hesitate to use his position to pump Doge, naming its Department of Government Efficiency (DOGE) after the token. Still, Dogecoin hasn’t reached the heights of its 2021 bull run and it’s still 43.06% below its all-time high. While its moving averages indicate a strong buy, Doge will face significant resistance near the psychological level of $0.5. Pepe Sees Major Potential Pepe was one of the strong performers this cycle, thanks to the bull market. Notably, the token was up 131.57% in the last 30 days, currently trading at $0.00002016. The reason for this strong performance was Pepe’s listing on major exchanges. Source: CMC In November, Pepe won a listing on both Coinbase and Robinhood. This gave millions of tradersaccess to the token, pushing trader sentiment up. This has also catalyzed whale accumulation, as large traders bought 10 trillion Pepe tokens after the listing. The bullish momentum for Pepe continues. Currently, the token is trading above most moving averages , indicating that there’s significant upside potential for the token. Still, the oscillators are mostly neutral and Pepe’s large market cap will weigh on its performance in the future. Can Cutoshi Replicate Doge’s Growth? While Pepe has had a strong run this cycle, it will not be the token that can give Doge-like returns. Instead, another token, Cutoshi (CUTO), seems a more likely candidate. This token combines memecoins with DeFi, appealing to a broad base of investors. On November 22, this new token raised $1 million in its presale. This sentiment is expected to continue, thanks to growing interest in meme coins and DeFi. Cutoshi is a meme token, with a Chinese Lucky Cat as its mascot, that focuses on utility. By blending memecoins and DeFi, its goal is to make DeFi more accessible to traders and users. The project is also hosting a meme competition, rewarding aspiring artists with $2,000 for their submissions. For those who wish to learn more, can do so here! While DeFi has strong benefits compared to CEX’s it is still inaccessible to most traders. This is why many opt to give custody over their assets to shady entities, sometimes with disastrous results. Cutoshi wants to fix this by creating a multichain DEX that’s accessible to all. This goal and its clever use of memes, indicates that it may be a token that can capture attention like Doge did in the past. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi 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.

Наиболее читаемые новости

DEXX Attackers Target Ethereum: Latest Update...
2024-12-05
BlackRock’s Ethereum Spot ETF ETHA Achieves R...
2024-12-05
$63 Million of XLM Outflow, Bullish Signal or...
2024-12-05
Bitcoin Seen as Competitor to Gold, Not US Do...
2024-12-05
XRP News: Here’s What The New SEC Chair and R...
2024-12-05
If You’ve Missed Out on Neiro, BTFD Coin’s On...
2024-12-05
Best Meme Coins with 1000X Potential: BTFD Pr...
2024-12-05
Brian Armstrong Calls for Ethical Practices i...
2024-12-05

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения