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Solana meme coins soar, led by Dogwifhat’s 1300% rise, as Ethereum’s Cutoshi emerges as a strong contender for market dominance.
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Solana meme coins have been the talking point of the crypto market in the past months, with smart whales making a fortune trading them. Among the Solana meme coins that have witnessed massive growth is Dogwifhat, which has surged by over 1300% barely a year after launch.
Having dominated the market for a long time, Ethereum-based meme coins like Cutoshi are making an entrance with the novel multi-chain DEX. Designed to allow seamless trading and swapping of digital assets without the need for an intermediary. Given the strong utility in the ecosystem, there are high expectations that CUTO will outshine WIF in the coming months.
Cutoshi projected to outrank Dogwifhat in 2025
Although Dogwifhat has witnessed massive growth in 2024, Cutoshi could outrank it in market dominance in the coming months. Driven by a robust ecosystem with tools and features that will bring DeFi closer to the masses, Cutoshi is a project that is following in the footsteps of top DEX like Uniswap and Pancakeswap.
Outside of the DEX, there is also an educational platform on which users can enroll and learn more about the DeFi industry. The CUTO token is used for transactions in the academy, and users who complete quests are rewarded with the CUTO token via the farming protocol.
All these will increase the buying pressure and boost the token price. As a project, Cutoshi echoes Satoshi Nakamoto’s original vision for blockchain technology, decentralization, privacy, and monetary freedom for the masses. Inspired by the traditional Chinese Lucky Cat, a symbol of fortune and luck, Cutoshi aims to bring luck, wealth, and prosperity to investors’ assets.
The project has witnessed huge adoption, barely a few weeks of launching the presale. At stage 2 of the presale, the CUTO token is sold for $0.022. Early investors have made 46% returns as the CUTO price moved from $0.015 to the current price. With the recent listing in CoinMarketCap, Cutoshi is expected to gain more attention in Q4.
Solana targets $200? Is new ATH possible in Q4?
Solana, the popular blockchain, has continued to gain traction in recent weeks, leading to massive rallies for the SOL token. According to the Solana technical analysis from Tradingview, the moving averages are flashing a buy signal, with the Solana 50-day SMA set to cross the 200-day SMA. The potential crossover is a golden crossover, which hints at a potential rally.
Solana crypto has broken out of the $170 major resistance zone while showing signs of flipping the $185 mark. According to market analyst WorldOfCharts on X, Solana is on the verge of another breakout, which will trigger another massive bullish wave. In the earlier projection, the analyst expected a move toward $400 in case of a successful breakout.
CoinMarketCap data shows that the Solana price has increased by 13% in the past month. The Solana trading volume is increasing, which could trigger massive rallies. With the ongoing innovations in the Solana blockchain and the surging momentum of Solana meme coins, the SOL price might surpass the ATH of $260 in Q4.
Will Dogwifhat token retest the $4 mark in Q4?
Under the umbrella of the Solana blockchain, the dog-themed meme coin Dogwifhat has witnessed tremendous growth in the year, fueled by the growing adoption of the Solana blockchain by developers and institutional investors.
A crypto analyst, Bluntz, while analyzing the WIF price on X, observed a bullish outlook in the Dogwifhat chart. Bluntz thinks the WIF/SOL pair is bottoming out on the 4-hour chart. The analyst pointed out a 5-down wave pattern, a common sign that signals the end of a correction phase. With Solana looking bullish, Bluntz thinks that WIF price will witness a huge rally soon.
As per CoinMarketCap data, Dogwifhat’s trading volume is booming, which is a bullish signal. The Dogwifhat coin is trading above the 50-day and 200-day SMA in the daily timeframe, with over 18 technical indicators flashing buy signals. If Dogwifhat price is able to maintain the $2.5 support zone, it could hit $4 in the coming weeks.
Solana Vs Ethereum meme coins
While Solana meme coins dominated most of 2024, Ethereum meme coins are coming up with new ideas to challenge their rivals. Cutoshi’s strong use case in the ecosystem could increase the tokens’ demand, leading to massive rallies. Given the fantastic ecosystem, Cutoshi could surpass Dogwifhat in market dominance soon.
For more information on the Cutoshi presale, visit the website.
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This article first appeared at crypto.news
