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Dogecoin and BONK soar amid a crypto surge, while viral meme coin Cutoshi gains traction, boosting community confidence.
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With the recent surge in the broader crypto market, Dogecoin showed an excellent price rally. Along with DOGE, BONK has also given massive returns with a similar rally.
Meanwhile, the new meme coin, Cutoshi, is going viral on X (Twitter), showing impressive growth in the meme coin community and their increasing confidence in the project.
Is Dogecoin preparing for another rally?
During the recent rally, the Dogecoin price surged by over 100% within a week, breaking the three-year high effortlessly. However, Dogecoin reached a critical trendline formed by joining the two peaks it created in March 2024 and faced considerable rejection.
Since then, the demand for Dogecoin has decreased significantly and the price action has been consolidated since the previous week. Dogecoin has faced a 2.2% drop in the last 24 hours and trades at $0.384.
The Relative Strength Index is now at 74, which reached 92 with the rally, has been declining steadily and Dogecoin is coming out of the overbought region. The price correction may soon be over and if Dogecoin can break above the immediate resistance trendline, the resulting demand may take it on another massive rally.
Bonk rides price rally to new all-time high
After breaking out of a four-month-long downtrend, BONK was stuck inside a narrow range throughout October 2024. However, a massive demand helped it break through the $0.00002474 resistance level two weeks ago. Since then, BONK rallied over 130%, reaching a new all-time high of $0.00005916 yesterday.
Compared to the previous week, the momentum in the BONK price rally has decreased as the price faces rejection from the $0.00005348 and $0.00005798 price levels. A support level at $0.00004778 and another near $0.000044 has kept BONK from falling in the last couple of days.
In the last 24 hours, BONK has declined to trade at $0.00005223. As the uptrend slows down, the 10-day Simple Moving Average (SMA) for BONK has closed the gap and the price is expected to bounce after it touches the SMA line.
Cutoshi: The lucky meme coin is trending again
Cutoshi takes inspiration from the Chinese lucky cat, which many people decorate in their homes for its power to bring good fortune and prosperity to its owners. Cutoshi wants to bring luck and wealth to people’s digital assets and thus has brought the lucky cat to the blockchain via its meme coin CUTO.
However, unlike Dogecoin and Bonk, Cutoshi is not just another meme coin. It is a hybrid token that provides practicality to users with its DeFi ecosystem. Cutoshi resonates with Satoshi Nakamoto and his principles of decentralization and aims to spread the mass adoption of DeFi through its memeFi approach.
Cutoshi has recently started going viral on many social media platforms and is again trending at number one on X (Twitter) due to immense support from its growing community.
Courtesy: X.com
The utility-driven Cutoshi ecosystem has an integrated multi-chain decentralized exchange called the Cutoshi DEX, through which users can swap their various digital assets across blockchains at rapid speeds. Since it is a decentralized platform, users get far better security and privacy than centralized exchanges.
Many community members have also started earning with Cutoshi through the farming mechanism that offers members CUTO points for completing the fun quests and challenges. Over 3,000 community members have started farming and are competing to reach the top of the leaderboard, where exciting rewards await them.
Cutoshi will convert everyone’s accumulated CUTO points to CUTO tokens and airdrop them to the user’s wallets after the presale ends. Users can then swap these tokens with other Cutoshi members through the Cutoshi DEX. They may also use the acquired CUTO to shop at the soon-to-be-released Cutoshi merch shop to get heavy discounts.
The merch shop will include many Cutoshi-themed practical items like hoodies, t-shirts, beanies, mugs, etc., so the Cutoshi community can show their devotion to the lucky cat and harness its powers.
The CUTO presale has reached stage three and the token is valued at $0.0259. This price is highly undervalued, as the token is expected to keep rising in price in further rounds with even more momentum than it has surged through the first and second rounds.
For more information, visit the official Cutoshi website and join the community on X and Telegram.
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This article first appeared at crypto.news
