Dogecoin (DOGE) has entered a bullish channel and is on track to reclaim the $0.22 yearly peak by the end of 2024. Meanwhile, an emerging meme coin Cutoshi is capturing the attention of investors with its unique premise that could see it soar in the upcoming months, vastly outperforming major altcoins.
Is Dogecoin Ready For The Next Leg Up?
Dogecoin (DOGE) continues to hold the meme coin crown with its massive $19.8 billion market cap. Over the last few weeks, Dogecoin reclaimed and held the key $0.14 resistance, although selling pressure intensified just under $0.15, forcing Dogecoin to retrace and test lower levels.
At press time, Dogecoin is selling for $0.135 with a 2.8% intraday decrease, while trading volume has remained relatively flat at around $1.4 billion worth of DOGE traded over the last 24 hours.
Recently Dogecoin has announced a new upgrade of Dogebox, its decentralized utility layer. Dogebox 0.3.0 is set to significantly enhance transaction efficiency as it aims to boost the adoption of Dogecoin as a viable payment method.
This upgrade will introduce SPV (Simplified Payment Verification) Node support which will allow for seamless transactions across the Dogecoin blockchain on low-resource devices. Users will have the opportunity to easily install and manage these nodes and the goal is to create a network of at least 10,000 nodes by 2025.
Cutoshi Will Usher In The Rise Of Cat Memes
Cutoshi pays tribute to the Lucky Cats of Japanese legends which are believed to bring good fortune and wealth to businesses and households. Cutoshi tokenizes good fortune and brings it to its community through its generous reward system and cutting-edge DeFi platform.
Via CUTO DEX, Cutoshi ensures near-instantaneous transactions while bringing isolated blockchains into one place. At just 0.25% in fees, Cutoshi is set to be one of the cheapest and most competitive exchanges on the market. 80% of these fees are redistributed to liquidity providers, while the remaining 20% are allocated toward buybacks and regular burns of the $CUTO token. These burns will promote price stability while promoting scarcity-driven price increases.
The Cutoshi Farming model will bring significant monetary incentives for users who stake the $CUTO token on the platform. In addition to this, during and after the presale, users will also have the opportunity to complete fun missions and tasks aimed at boosting Cutoshi’s social media presence. In exchange for their efforts, individuals will earn cutopoints that can be redeemed for more $CUTO tokens.
Cutoshi has been audited for its smart contract and tokenomics and it now boasts a SolidProof certificate. Moreover, just a few days ago, Cutoshi was listed on CoinMarketCap, a significant step toward solidifying its credibility and commitment to user trust.
With tokens selling for just $0.022 in the second stage of the $CUTO presale and over $550,000 raised in record time, the demand for $CUTO is skyrocketing.
For more information on the Cutoshi (CUTO) Presale:
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https://twitter.com/CutoshiToken
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
