2 weeks Ago
Memecoins have seen a significant correction over the past week and Popcat and Floki are no exception. As meme coins take a beating, traders are looking for new, utility-driven tokens in the market. One memeFi token, Cutoshi in particular, is showing impressive growth in its presale.
Will Popcat Drop Further? Solana-based Popcat is seeing significant declines recently. During the recent market correction, the token is down 16.21% in just one week, trading at $1.
32. This decline compounded the monthly decline, with Popcat down 19.36% in the last 30 days, from $1.
37. The continued declines are also reflected in Popcat’s technicals. Moving averages turned rather dramatically against Popcat , with most major indicators above the current price.
This indicates that the token is seeing downward momentum. The price momentum and the technicals are both painting a grim narrative. All in all, the current outlook is not looking great for Popcat.
If the market doesn’t rebound, Popcat will likely see further declines. Still, analysts are expecting the token to consolidate near its current price of $1.32 before seeing further growth.
Floki Rebound Incoming? Like Popcat, Floki has had a bad week, this Ethereum-based token is down 13.50% over the last seven days. However, Floki’s saving grace is its recent Coinbase listing , which is bringing some life to the token.
For this reason, Floki is still up 56.80% over the last 30 days, rising from $0.0001418 to $0.
0002301. The lingering effects of the earlier Floki surge are also boosting Floki’s technicals , which are bullish. Despite this week’s price decline, the overall indicators still show buy signals.
Moving averages, especially long-term moving averages, are below Floki’s current price. Other indicators are mostly neutral, with the Relative Strength Index at a comfortable 56. This means that Floki is in a great position to secure more gains by the end of 2024.
According to CoinCodex , Floki has the potential to more than triple in value by the end of the year, reaching $ 0.000765. Cutoshi Taps Into Viral Potential After $1.
2 Million Raised While Popcat and Floki are having a bad week, another token is gaining traction. MemeFi token Cutoshi (CUTO) has raised significant capital, propelling the token to viral status. Now, the team is taking advantage of this by hosting an art competition for its community.
Cutoshi is a memeFi token that blends DeFi utility with memes. At a time when meme coins are seeing a decline, investors are looking for projects with tangible utility. So far, this approach is working.
By Saturday, November 30, the token raised $1.2 million in presale investments. Still, the token is aiming to tap into the viral potential of memes.
Cutoshi has hosted an art competition, offering $2000 for the best art projects depicting the token. Artists are already joining in, depicting Cutoshi’s lucky cat mascot on street art. This is the result of my creativity to take part in the competition sir😊 @CutoshiToken I hope you and the whole team like my work😊🙏 $CUTO #CutoshiMeme pic.
twitter.com/DQusFxXrpE The contest has a deadline of December 4th, then the best contestants will be picked. By that time, Cutoshi hopes that the art will bring awareness to issues of decentralization and self-custody.
In the meantime, the team continues to build its DeFi ecosystem, a multichain DEX, to bring more people into the world of DeFi. CUTO tokens are now available for $0.031 during presale stage 4 with a Cyber Monday Bonus of 20% active for 48 hours.
For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.
me/cutoshi Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e.
designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
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