Dogecoin's journey into the crypto market wasn't planned, but with Social media support, particularly from Elon Musk, it has risen to become one of the top meme coins in the crypto market. Toncoin and Cutoshi are among the cryptos that are tipped to follow the Dogecoin market rally.
The recent integration of Ankr to the Open Network blockchain to facilitate dApp development on TON is projected to boost the Toncoin price in the coming months. Cutoshi, although new to the meme coin space, has been impressive in presale, raising over $570K, pointing towards market acceptance that might push the price close to $1 in the coming months
Cutoshi To Offer Massive Returns In Q4
Despite the strong performance of other cryptocurrencies, Cutoshi's new offerings could see it climb the market. Cutoshi early buyers have made 46% returns after the CUTO token moved from a floor price of $0.015 to $0.022. With its recent listing on CMC, its visibility will attract more customers with high expectations of raising $3M before December.
Unlike Bonk and Pepe, which thrive on speculation, Cutoshi offers holders real utility. Inspired by the traditional Chinese Lucky Cat believed to bring fortune and wealth to people, Cutoshi wants to bring luck and wealth to traders' digital assets. Cutoshi is a project that embodies two ideas which are decentralization and financial freedom.
The non custodial multi-chain DEX is part of the Cutoshi ecosystem, allowing users to trade and swap digital assets across multiple blockchains. Other features, such as the Cutoshi Farming mechanism, reward active members with coins that can be redeemed for CUTO tokens when they participate in quests and tasks..
Cutoshi Academy is an excellent option for users who want to learn more about DeFi and the crypto market. Meanwhile, the smart contract has been audited by a reputable firm to ensure its reliability and security. The project has a limited total supply and deflationary mechanism. With the CUTO strong use case in the ecosystem, there are high expectations of 40x in Q4.
Dogecoin Price Expected To Rise Soon Amidst Dip
After triggering a jump in the past week fueled by a recent Elon Musk tweet, Dogecoin (DOGE) is showing signs of a major retracement. According to CoinMarketCap stats, the price of Dogecoin has increased by 26% and 3% in the past month and week, respectively.
In an analysis on X, crypto trader Dima James Potts observed a unique Dogecoin price pattern. According to James, since Dogecoin witnessed a bullish crossover in September, the meme coin has been rising steadily. While James believes this crossover signifies the final bottom, the analyst also thinks that as Dogecoin’s price rises, it could experience drawbacks based on past precedents. One thing the analyst is certain is that DOGE will fly soon.
Source: Dima James Potts on X
Buying patterns and recent surges in Dogecoin trading volume suggest whales are interested despite price volatility of 10%. The daily RSI of Dogecoin shows 68, which suggests it is entering overbought territory. Despite Dogecoin's bullish market sentiment, Coincodex notes the coin will decline by 13% in the short term
Can The Recent Partnership With Ankr Trigger Massive Rallies For Toncoin Crypto?
The recent integration of Ankr to the TON blockchain will enable developers to build dApps seamlessly, especially within the Telegram ecosystem, which hosts over 950M users. With Ankr’s advanced web3 API service now integrated, the Toncoin ecosystem could witness a rapid influx of developers, which could influence the Toncoin price.
Meanwhile, Toncoin's recent price trajectory suggests a struggle to break out from the dip. Toncoin has been consolidating between $5.05 and $5.45 in the past weeks with a slight 2% drop in the weekly chart as per CoinMarketCap data. Technical indicators show that Toncoin is trading below the 50-day and 200-day SMA as per Tradingview
Despite the gloomy bearish trend, FOUR Crypto Spaces a crypto analyst on X is confident of a breakout soon. Monitoring how Toncoin crypto currently moves, the analyst notes the coin trades at $5.15, with its trajectory tilting towards $5.71. If it breaks out of the $5.71 target, the analyst believes its next target is $10.
Source: FOUR Crypto Space on X
Which Coins Could Rise In Value Soon?
Dogecoin's success wasn't easy, but with resilience and social media attention, it has become a top name in the market. Cutoshi and Toncoin are following similar paths and have shown they could join DOGE soon. Backed by a next generation web3 DeFi ecosystem, Cutoshi could become a household name in the lucrative DeFi market soon.
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