Holding significant value as the third largest meme coin in the market, Pepe coin (PEPE) is gearing towards a bullish trend. As the frog-themed token attracts more attention, other meme coins like Floki (FLOKI) and the newly launched Cutoshi (CUTO) token are also in for exponential price gains.
Notably, Cutosh’s recent listing on CoinMarketCap set it up for more adoption. This exposure to a wider audience and the hybrid ecosystem sets Cutoshi apart in the presale and meme coin market.
With an over 1,200% surge in the past year, the price of Pepe(PEPE) coin has held its place as one of the resilient price movements in the past 6 months. Even though the broader altcoin decline made other meme coins like Shiba Inu follow a bearish pattern, Pepe coin only succumbed to several fluctuations but didn’t suffer any major decline as seen in the chart below.
At the moment, the PEPE price is trading within a weekly price range of $0.00001084 and $0.00000972 which reflects about a 7% decline. However, it still maintains a price increase of nearly 23% in the past month. Despite heavy declines for this year, the PEPE coin has maintained similar progress each month, driving positive momentum amongst its holders.
With the PEPE price hovering close to its highest levels in the year-to-date chart, many investors are expecting a consolidation soon. This speculation is further corroborated by its technical oscillators, which indicate a sell signal.
The pioneering GameFi meme coin, Floki (FLOKI), has been gaining a lot of attention lately, with its share of social activity jumping to 1.05% of all crypto-related discussions. This is the highest it’s been since September 13, meaning that the Floki community has been very proactive lately.
In the past year, the Floki token has increased by 464% however, this progress would have been much higher if the token hadn’t sustained a decline that brought it to lower levels from its peak price of $0.0003202 this year.
As seen in the monthly chart above, the price of Floki has only risen by over 10% in the past month, but it has sustained a 2.92% surge this past week, falling below its weekly resistance price at $0.0001489. Its moving averages are pointing to a buy signal so Floki could potentially see a price resurgence soon.
Cutoshi is essentially a hybrid MemeFi protocol that merges the community-centric approach of meme coins with the key features of decentralized finance (DeFi). Notably, Cutoshi embraces Satoshi Nakamoto’s Bitcoin core principles of decentralization, privacy and monetary empowerment and further pays tribute to the popular Chinese Lucky Cat which is known to bring good fortune and success.
Given its hybrid approach, the Cutoshi ecosystem comprises a DeFi hub with a staking protocol, farming mechanism, and decentralized exchange (DEX). The CUTO DEX platform allows users to swap crypto assets across different blockchains without restriction.
With the farming mechanism providing an extra layer of incentive for those who engage with the community-based quests, Cutoshi is set to incite deep loyalty with its lucrative platform whilst onboarding more people into the DeFi space.
Interestingly, the project has gained significant traction after it was listed on CoinMarketCap. Having raised over $500k so far, the native $CUTO token gained about 46% to sell at a current price of $0.022 in the second presale stage.
Pepe, Floki, and Cutoshi’s diverse market appeal makes them an attractive meme coin to many. However, Cutoshi’s status as a presale meme coin positions it for an ATH in Q4.
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