Since the 2020-2021 crypto cycle, Elon Musk has been one of the most influential figures in the cryptocurrency space. His flagship company, Tesla is the sixth largest corporate holders of Bitcoin (BTC) with over 9,720 BTC, according to Bitcoin Treasuries. Another cryptocurrency Elon is fond of, is undoubtedly Dogecoin, and his unwavered support for the meme coin earned him the moniker “Dogefather”. Mr Musk’s love for memes and crypto is well known. This raises the question: Would Elon hold Cutoshi (CUTO), the meme coin that seamlessly blends Bitcoin philosophy with meme vibes? Let’s find out Bitcoin Enters Consolidation Phase, Analysts Expect Breakout Bitcoin is trading at $104K, following a 2% intraday decrease. Analyst Kevin Svenson believes that Bitcoin could potentially rise to $142K based on historical halving cycle trends. Drawing from past halvings in 2012, 2016, and 2020, he notes that Bitcoin typically enters a bullish phase around 40 weeks post-halving, aligning with the current market timing. Svenson identifies key price targets at $124k, $134k, and $142k, suggesting a possible 35% upside if the bullish scenario unfolds. He emphasizes that Bitcoin is in the middle of its bull phase rather than nearing its peak, indicating further growth potential. Meanwhile, Bitcoin’s short-term price structure also suggests further upside, as the daily RSI is sitting at 57 points, indicating sustained buying activity that could push the price higher. Meanwhile, there is an increase in activity from institutional entities as Bitcoin ETFs saw $588.22 million in net inflows on Jan. 30, with BlackRock’s IBIT and Fidelity’s FBTC leading the charge. Total Bitcoin ETF inflows have now surpassed $40 billion, with these funds managing over $123 billion in assets, representing nearly 6% of Bitcoin’s circulating supply. Is Dogecoin Next In Line For An ETF? Bitwise has submitted an S-1 filing to the SEC to introduce a Dogecoin (DOGE) ETF shortly after registering a DOGE trust in Delaware. With shifting SEC leadership under President Trump and increasing acceptance of crypto ETFs, the chances of a Dogecoin ETF gaining approval appear to be improving. Polygon’s prediction platform, Polymarket currently places the odds of a Dogecoin ETF approval at 50%, up from 27% earlier in January, indicating growing confidence among participants. In terms of price action, Dogecoin (DOGE) seems to have entered a cool-off phase after the rebound from $0.31. At the time of writing, Dogecoin sells for $0.32 with a 1.2% daily decline and a 35% drop in trading volume, with about $1.12 billion worth of DOGE traded in the last 24 hours. However, Dogecoin’s macro structure shows that a bullish double-bottom pattern has formed, with strong support at $0.31. Market sentiment is leaning bullish, with 78% of traders holding long positions, while technical indicators suggest a potential 25% price increase to $0.41 if support holds. Increased accumulation and rising leveraged positions indicate growing market participation, setting DOGE up for a possible breakout toward the coveted $1 milestone. Learn Everything About Cutoshi’s Revolutionary MemeFi Ecosystem Cutoshi flips the narrative around meme coins being nothing but hype-driven pump-and-dump grounds for whales and insiders. The project boasts a cutting-edge DeFi ecosystem and backs it with unparalleled meme energy bringing forward the first-of-its-kind MemeFi platform. The base of operations is nicknamed CUTO DEX. This is an innovative decentralized exchange that allows for seamless swaps across all major blockchains at near-instantaneous speeds and some of the lowest fees on the market. In addition to this, Cutoshi traders can earn substantial monetary rewards through the CutoshiFarming initiative. Users will be tasked with completing various missions and quests aimed at raising awareness around the project on social media. In exchange, they will earn CUTO points which can later be redeemed for $CUTO tokens post-launch. Moreover, once staking is live, they can put their $CUTO to work and tap into a new passive income stream with market-beating APY. With $CUTO priced at just $0.031, the fourth stage of the presale is selling out fast as demand is rising exponentially. When taking into account all that this project has to offer, Cutoshi could become one of the best players of the cycle and vastly outperform many majors in 2025. Don’t miss out! For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshicommunity 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.
