Pepe has consistently been making headlines in 2024. This Solana-based meme coin has outperformed traditional options like Dogecoin and Shiba Inu and is up a massive 14784.70% from its initial starting price. Throughout its reign, Pepe has minted several millionaires and become a leading meme coin.
However, Pepe’s price has dropped over 50% from its all-time high and has seen several crashes throughout the last quarter. As a result, many investors are looking towards newer meme coins to bolster their portfolios. One coin that’s gaining traction is Cutoshi. This innovative project combines meme coins and utility to offer an advanced crypto investment. Given its growing popularity, analysts are already anticipating a massive 100x rally in 2024.
Pepe Whale Triggers Bullish Momentum
Pepe (PEPE) has experienced a 7% decline over the last month, causing its trading volume to crash. However, as the meme coin lost momentum, a cryptocurrency whale purchased 160.4 million PEPE tokens. Valued at $1.31 million at the time of the transaction, this triggered an influx of new investment, and Pepe’s daily trading volume soared to over half a billion.
This data from Arkham Intelligence has created a bullish sentiment throughout the Pepe ecosystem. Since the transaction, Pepe’s price has increased by 17% and Pepe is now trading at $0.000008487.
However, data shows that this isn’t the first time this crypto whale has taken a bet on Pepe. One month prior, the whale purchased Pepe at a price of $0.00000802 but sold at $0.00000792 after an unexpected decline. During this process, the investor lost around $17,000.
Nonetheless, this bullish sentiment has rallied Pepe inventors, many of whom are now calling for a significant surge before the start of Q4.
Could Cutoshi Replicate Pepe’s Success?
Cutoshi is taking the market by storm, and analysts believe it could be the next Pepe. Unlike other meme coins, which are built on hype, Cutoshi blends utility with the virality of memes to empower its rapidly growing audience. The project is inspired by the Chinese Lucky Cat, which brings luck to its followers. Cutoshi looks to do the same with NFTs, merchandise, and a lucrative DeFi ecosystem.
Cutoshi emphasizes the importance of decentralization and looks to help its audience build wealth. The ecosystem also focuses on security, transparency, and anonymity.
A key feature of this ecosystem is Cutoshi’s decentralized exchange. Through the exchange users can make cross-chain transactions for extremely low fees. Alternatively, investors can take advantage of Cutoshi’s farming opportunities and complete challenges for rewards.
In addition to its exchange, Cutoshi also looks to educate new investors through the Cutoshi Academy. The academy will help new investors build a strong foundation of knowledge, helping to close the gap between new and experienced investors.
Cutoshi is currently in the first stage of its presale, with $CUTO tokens selling for $0.015 per token. According to experts, Cutoshi’s utility could result in a significant 100x rally during its presale, making now a great opportunity to get involved before $CUTO tokens rally.
During its presale, just 55% of the token supply will be sold. This means investors have limited time to buy before Cutoshi takes off. With stage one already selling out fast, Cutoshi is on track to replicate Pepe’s success, with some analysts predicting that Cutoshi will become a leading altcoin in 2025.
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