DOGE market dominance tops 1%, Cutoshi’s DeFi ecosystem attracts investors as Kaspa plays catch up

Dogecoin achieves a market dominance of over 1% with a significant rise of more than 22%; meanwhile, Cutoshi’s DeFi ecosystem is attracting investors, and Kaspa is catching up.

Dogecoin (DOGE)’s recent price resurgence has pushed its market dominance to jump from mid-October levels of 0.74% to surpass 1%. While this marks a significant milestone for the legacy meme coin, it has also drawn investors attention to other promising meme coins like Cutoshi (CUTO). 

Notably, the fast-rising presale star is positioning itself as a major disruptor in the crypto market largely due to its hybrid ecosystem with DeFi integration. Meanwhile, another top altcoin, Kaspa (KAS) is also in the spotlight following a noticeable recovery from month-long consolidation.

Cutoshi’s rapid presale progression attracts growing interest

Ethereum-based memecoin Cutoshi has pulled over $680k in presale, which positioned it as a fast-rising crypto project. Essentially, Cutoshi embraces Satoshi Nakamotos’s Bitcoin core principles of decentralization, privacy and monetary freedom.  As such, Cutoshi houses a DeFi hub that features a DEX platform that facilitates cross-chain and P2P crypto transactions. 

In addition, Cutoshi has a custom farming mechanism that offers users extra tokens alongside complementary NFTs and Merch when they participate in specific quests. While this presents Cutoshi as a lucrative platform, its native deflationary token, CUTO, ensures long-term growth for the meme project. With its buyback and burn system, CUTO token is designed to gradually increase in value over time.

Meanwhile, Cutoshi houses a DeFi learning hub designed to spread the knowledge of DeFi while eliminating financial illiteracy. This strong move is sure to boost Cutoshi’s growth as a hybrid meme coin. With greater recognition among top DeFi coins, the CUTO token can potentially surpass the likes of Dogecoin and Shiba Inu, especially as it is predicted to see a 100x surge from its current price of $0.022 as stage 2 is coming to an end with over 88% sold out.

Dogecoin market dominance surge amid price recovery

Dogecoin has registered an impressive growth in the past month, surging by over 60% from an entry price of $0.105 to reach a monthly peak of $0.177. Although it has since retraced slightly to a current price around $0.167, DOGE price still maintains a generally bullish trajectory.

Currently trading within a weekly range of $0.138 and $0.167, DOGE price reflects over 20% increase in the past week. Meanwhile, the recent uptick in DOGE price not only pushed its market dominance above 1%, but also contributed significantly to its year-to-date price recovery.

After reaching a yearly peak price of $0.220, DOGE price suffered a major decline that brought it as low as $0.092, before it eventually regained its bullish momentum. Interestingly, Dogecoin technical analysis, including its moving averages points at a strong buy, which suggests that DOGE price will likely surpass its 6-months ATH in the coming days or weeks.

Kaspa price retracement seizes amid resurging interest

After a month-long price decline, Kaspa is finally regaining its bullish momentum as observed in the weekly chart below. Although, KAS token is still navigating the negative zone, the recent uptrend suggests an imminent price breakout, especially if the current momentum persists.

Meanwhile, looking closely at its year-to-date price trajectory, KAS price reflects nearly 130% increase in the past year.  While KAS token still retains a generally bullish outlook, token holders are confident for a bullish Q4, with 86% of over 38k community members on CoinMarketCap voting in favor of a bullish price trajectory.

On the contrary, Kaspa’s technical analysis points at a strong sell, which suggests that it may take a while for the bullish projection to materialize. 

Can Cutoshi lead Dogecoin and Kaspa this Q4?

Unlike Kaspa, whose optimistic bullish Q4 projection remains uncertain, Dogecoin has demonstrated exceptional performance in the past month. Interestingly, Dogecoin’s current trend appears to be sustainable, judging by its technical analysis. 

However, Cutoshi stands a chance to outperform both Kaspa and Dogecoin largely because of its presale token status and diverse market appeal. Meanwhile, it is not enough to think of Cutoshi as a disruptive token but one that offers lucrative potential. This is also evident in its ongoing Halloween campaign that offers up to 20% discount bonus on every token acquisition for a limited duration. 

To learn more about the Cutoshi presale, visit the official website.

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This article first appeared at crypto.news