Although Dogecoin is still significantly down from its highs three years ago, it has posted a 100% return on the annual chart and has recently surged 10%.
New coins such as Neiro and Cutushi are gaining traction in the cryptocurrency market.
DOGE’s 2024 Meeting Under the Microscope
Dogecoin fans got excited as DOGE reached a peak value of $0.103 to $0.144. However, the currency has since fallen slightly to $0.1377 due to a series of liquidations worth more than $5 million. This has led some to worry about the coin’s long-term stability, but other analysts point out that this is simply a healthy drop after a pump rally.
The question is, what does the future hold for the coin? DOGE had previously reached $0.73 during the last bull run, but the situation was much different as new retail investors were looking to get a piece of the cryptocurrency action via the most famous meme coin. .
The meme coin market is now more mature, with many new meme coins with lower market caps offering unique value propositions. The benefits for investors are twofold. First, you can bet on a coin that has both the popularity and practicality of meme coins. Secondly, the smaller the cap coin, the less new investment is required, which makes the chances of making big profits much easier. Push the coin higher.
Dogecoin is still up 158,684% from its all-time low.
NEIRO falters in race for meme token supremacy
NEIRO, an ERC-20 meme coin, is being touted as the new Shiba Inu meme, a sister to Kabuso, the DOGE dog who passed away last year. Neiro has also inspired a variety of copycat memes that have had short-lived success, such as Ethereum’s Neiro.
These coins started out strong, but after the recent rally, all coins, including the original NEIRO, have plummeted as current holders profit at every opportunity. While the coin is still up 20% on a monthly basis, it is down 28% on a weekly basis and 12% on a 24-hour chart.
According to Bitget’s TA signals, most indicators are suggesting a strong sell. If the price drops enough, the coin could present a buying opportunity, but prudent traders would be wise to continue monitoring the situation.
Neiro, like Dogecoin, follows the history of its sister coins through charitable donations and cute memes, but Neiro’s lack of success may be due to its limited use cases and practicality. There is. A different strategy is seen in more advanced meme coins such as Shiba Inu, BONK, Floki Inu, and Cutushi.
Cutushi bridges meme culture with the future of DeFi
Cutushi (CUTO), a new project on Ethereum, seeks to capitalize on the popularity and profitability of memes by leveraging the inherent utility of the DeFi ecosystem. The meme itself is based on the Chinese beckoning cat, which is believed to bring good luck and prosperity to its owner.
Cutushi’s main focus is building a DEX that encourages users to participate in DeFi. Community members will be introduced to concepts such as staking, liquidity provision, and yield farming, the latter in the form of contests to earn cut points.
Cutushi Learning Academy provides an easy way for anyone to learn DeFi concepts from basic to more complex concepts. Cutushi NFTs will then be released not just as collector items, but also as tools to be used to gain special benefits and rewards within the ecosystem.
These memefi innovations could prove essential to establishing Cutushi as a lasting phenomenon rather than just an overnight sensation.
Cutushi is currently in the second stage of pre-sale and has a market cap of $9 million, so the potential for growth is high. If Cutushi can mirror NEIRO’s current level, which is 59,000% higher than its listing price, Cutushi will end up with an ambitious but realistic market cap of $5 billion.
For more information on the CUTO presale, please see below.
https://cutshi.com/
Join our community and become a member:
https://twitter.com/CutushiToken
https://t.me/cutshi
