Top meme coin, Dogecoin (DOGE), has enjoyed significant attention lately as experts have made bold predictions for the coin. Meanwhile, Defi coin SUI has impressed on the charts as observers speculate on the next direction for the SUI price. And then there’s Cutoshi (CUTO), a new meme coin standing at the intersection of Defi and memes, and there’s a positive projection about a price surge coming.
Dogecoin Price Rally: Can The Momentum Continue?
It’s been a very impressive past few weeks for Dogecoin (DOGE). While the meme coin industry leader has capitalized on the ‘Uptober’ momentum, Elon Musk’s continuous support for the coin and SpaceX’s recent milestone have also fueled the Dogecoin price rally.
However, Musk’s recent comment about not being actively involved in crypto has given crypto market observers something to think about. Whilst Elon Musk stressed further that he likes Dogecoin (DOGE), the initial statement may have hurt the project as Dogecoin’s 24-hour trading volume has now dropped by 10.68%.
Source: CoinMarketCap
Regardless, there is still growing optimism that the Dogecoin (DOGE) project could reach the $1 mark by 2025. For now, the DOGE price is continuing its upsurge with a 23.97% weekly rise and 32% growth on the monthly trends.
Cutoshi’s Bullish Momentum: Driving Factors
Cutoshi (CUTO) is one of the newest projects that is gaining ground fast within the crypto market. The meme coin’s price has just surged 46% after it went up to $0.022 in Stage 2 of its presale. Cutoshi is at the beginning of its price discovery, and there are lots of factors driving its bullish momentum.
The Cutoshi (CUTO) project seeks to stand out in the meme sector for its utility. Meme coins aren’t particularly known for utility functions. However, Cutoshi will be drawing Defi utilities through its DEX platform, which will allow for easy and safe asset transactions between multiple chains.
Beyond that, Cutoshi (CUTO) attaches great importance to its community, following the ideals of Satoshi Nakamoto, who believed financial inclusion and security are the key ingredients of blockchain technology. With the Cutoshi Academy, the project aims to make blockchain and crypto education available for the masses, helping them to navigate their way to financial freedom.
Whilst the CUTO presale offers investors short term profit opportunities, the project’s utility driven approach sets it up for long term gains. Meanwhile, members of the Cutoshi community can also earn more tokens through farming, by completing tasks and earning rewards. Cutoshi (CUTO) has raised more than $500,000 in its ongoing presale as investors continue to be bullish on the project.
SUI Price Dip: Temporary Setback Or End Of Rally?
SUI’s bullish performance earlier in the month earned it some serious comparisons with other top L1 networks like Solana. However, the coin has experienced a change in fortune as it has been hit by a downtrend. The pressing question now is: Has the SUI rally come to an end, or can investors expect it to rise again?
According to recent crypto news, the SUI network has become the first L1 project to integrate the new SCION security protocol. This new infrastructure enhances speed, safety, and performance, positioning SUI as one of the most equipped projects in the Defi industry. Consequently, the SUI network has experienced an influx of meme coins, and its TVL has also surged past the $1 billion mark.
Source: CoinMarketCap
No doubt, SUI is an exciting project. However, the SUI coin is bleeding on the price charts. Despite maintaining its monthly uptrend, the SUI price is trading at a 9.67% loss on the weekly charts, raising questions about what’s next. Nonetheless, popular experts like Yesreel remain bullish on the SUI coin. Yesreel has predicted that the SUI price could go up to $100 by 2025.
Price Rally Predictions: Dogecoin, SUI, And Cutoshi
The bullish momentum on Dogecoin has been tipped to continue as the meme coin aims for the $1 mark. Also, the SUI network’s expansive utilities and new infrastructure position the SUI price for a surge despite the recent relapse. Cutoshi’s Defi features and utilities could set the project in motion for a huge price rally.
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