Dogwifhat (WIF) has had a meteoric rise into mainstream crypto since it launched in December 2023. Early investors who benefited from the WIF token have shown great insight into market projections. Here’s what investors think about the upcoming project Cutoshi and Avalanche ahead of the upcoming bull circle.
Investors Shift Investment Toward Custoshi As Project Soars In Presale
Cutoshi’s impeccable growth so far in its presale has garnered a lot of interest from the crypto community. Cutoshi is a meme project that combines DeFi features with meme coin culture.
While still in presale, the Cutoshi project has already generated 46% for its early investors and is geared toward generating over 20x before the end of December. With the massive influx of investors, Cutoshi’s presale has raised over $630,000 so far. To boost the project’s visibility and increase adoption, the token has been listed on CoinMarketCap.
Unlike other meme coins with zero utility, Cutoshi comes loaded with multiple use cases like DEX exchange for trading and swapping of cryptocurrencies across multiple blockchains, yield farming for rewarding community members, DeFi learning infrastructure, and more. All these utilities from Cutoshi will play a key role in the future of DeFi.
At $0.022, investors can buy the CUTO tokens now at just stage 2 of the presale. Given the rising momentum and the strong use case in the ecosystem, the CUTO price might hit 40x by the end of the presale and $1 when it hits exchanges.
What Next For Dogwifhat’s Price Amid Bumpy Market Trajectory
Dogwifhat has established a firm reputation as one the most valuable meme coins by market capitalization and this was achieved in less than one year of launch. Meanwhile, since the past month, Dogwifhat’s price in the market has recorded no significant price growth, having gone below $2.3 on three separate occasions, as shown in the price chart.
The price decline of the Dogwifhat token cannot be classified as a bearish trend yet, given that the token has maintained a support level above the $2.2 threshold over the past month. Instead, what is believed to be a correction for WIF in the last month has ended as investors hope that the token could flip into $5 in the coming weeks.
Meanwhile, Theotrader, a popular market analyst on X, thinks that Dogwift’s price will hit $4.80 soon. The analysts believe the worst-case scenario is the coin dropping towards the $2 support zone. Given the rising momentum in the past weeks, WIF could surpass its ATH of $4.8 in Q4.
Source: Theotrader on X
Investors Remain Positive Amid Avalanche Token Decline
The Avalanche (AVAX) token is showing a significant decline dating back to the last couple of weeks. As represented on the market chart, Avalanche token have lost 10% in price value in arguably the longest bear stretch of 2024.
Source: CoinMarketCap
In its free-fall, Avalanche’s price is going to test the support level again around the $24 threshold. The support level will present an opportunity for the token to set a falling wedge, reverse its bear trend, and trigger a resurgence.
While trading at about $25.60, AVAX has room to reverse its declining value before breaking below the support level. Judging from previous price precedents, AVAX is likely to overturn its bear trend to launch a rally toward $30 in the coming weeks.
Top Cryptos To Buy In November
Amid the retracement of Dogwifhat and Avalanche, Cutoshi presents a once-in-a-while opportunity to participate in the nascent stage of the hottest meme coins in presale.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
