It’s no news that the SOL price is on quite the rally already, as Solana (SOL) is finally closing in on Ethereum in terms of use case and adoption. However, the Solana price is all everyone sees; much of the engagement from users came because of Solana meme coins.
Dogwifhat (WIF) and its counterparts kicked off the Solana meme ecosystem, and within a year, they reached the top ranks in the crypto market. Now, the top traders are tipping a new project, Cutoshi (CUTO), to do even more on the Ethereum network.
Dogwifhat Price Prediction: Bull Or Bear?
The WIF token has grown considerably in the past year, now ranking among the top 50 crypto tokens by market capitalization. Interest in meme coins seems to be rising, too, and analysts are favoring a rally for Dogwifhat (WIF).
Crypto analyst Ali Martinez was particularly vocal about his Dogwifhat price prediction. His forecast came in when the token was trading a little above $2.5, and he suggested that the WIF token would surge 17% to the $3 mark.
Source: CoinMarketCap
That prediction for the WIF price would only hold if the token can beat its weekly high of $2.50. Dogwifhat (WIF) is currently trading some 5.67% down on the weekly charts, after a brief decline in the past 24 hours. The Bears are winning, for now.
Solana Meme Coins And The Solana Price Prediction
It was quite the gamble opening the door to meme coins last year, but Solana (SOL) is better for it now. Meme coins tend to be rather unstable, but the Solana meme coins have contributed massively to the SOL price’s 306% yearly surge.
Source: CoinMarketCap
Solana (SOL) has been on a rally lately, rising from support levels at $145 to its resistance level at a monthly high of $183. Now, a dip in DEX activity might mean the Solana price prediction will take a hit. Solana’s market cap has also dipped by 2.14%.
The SOL price has lost 3.63% in one week, and its intra-day declines also give investors more reasons to worry. The rave around the coming US election could be crucial as to where Solana (SOL) heads next.
Cutoshi’s Beginner-Friendly Ecosystem And Farming Options
The new Cutoshi (CUTO) project is launching on the Ethereum network with enough features to drive it to the top of meme coin charts. Cutoshi has a rich cultural backing, combining the legends of the Lucky Cat with the blockchain ideals of Satoshi Nakamoto to make a project every user can relate to.
The Cutoshi project will launch a DEX platform that will be a one-stop portal for token swapping and other exchange functions. With the DEX’s interoperability, users will be able to transact their digital assets across different chains, all with the security and efficiency of the Ethereum network.
New traders will also be able to learn about the workings of the Defi industry at its Cutoshi Academy. The project’s farming option is also an easier and less technical way to earn. They simply have to complete certain tasks, earn rewards for them, and redeem these rewards.
CUTO is still valued at $0.022 as presale stage 2 is 95% sold out with another price surge coming in stage 3. Now might be the best time to stack some CUTO.
SOL And WIF Dip, CUTO Presale Heats Up
While Dogwifhat (WIF) and other Solana meme coins have driven the SOL price, both WIF and SOL could now be in decline mode. However, the new presale token, CUTO, is drawing in investors to its fast-selling presale. The Cutoshi project sports beginner-friendly features and a DEX to provide utility to its CUTO token.
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