Dogecoin 
$0.167201 and ApeCoin have seen a shift in market sentiment. APE token, for example, exploded by triple digits over the weekend to reach a multi month peak of $1.7 after the launch of the protocol’s Apechain. Similarly, Dogecoin’s price rallied to new highs after Elon Musk’s recent tweet mentioning the leading meme coin.
As DOGE and APE prices grab headlines, smart investors focus on a fast selling presale star, Cutoshi (CUTO). They are increasingly recognizing the growth potential of Cutoshi, a unique platform standing at the intersection of memes and DeFi. This diverse market appeal has drawn considerable interest, raising over $570K in just stage two of its presale.
Cutoshi Price Pumps In Stage 2 Presale
Cutoshi is the newest meme coin that has gained ground fast in the cryptocurrency market. This is because of its impressive presale performance and hybrid ecosystem with superior DeFi functionalities. It draws inspiration from the symbolic Chinese Lucky Cat and Satoshi Nakamoto’s ideals. With this, Cutoshi aims to tokenize good fortunes and bring them into the blockchain while championing decentralization.
At the center of its ecosystem is the multichain DEX platform, which will allow users to swap crypto assets across multiple blockchains. Beyond this, Cutoshi prioritizes its community. It houses a token farming protocol that enables users to complete challenges and quests to earn token rewards. Moreover, its learning academy will offer DeFi and crypto education to the masses, helping them navigate their way to financial freedom. It will also launch Cutoshi merch and NFTs to add vibrancy to its community.
With these features and its deflationary mechanism, the project has set itself up for long-term gains. Notably, Cutoshi is available at a modest price of $0.022. This is a 46% ROI from its initial offering of $0.015. With a potential price surge at each presale stage, Cutoshi offers an intriguing opportunity to make exponential returns.
ApeCoin Price Declines Amid Whale Activity
After surging to a new peak over the weekend, the APE token has corrected its price to now trade at $1.09. This has sparked concern regarding the cause of this dip and increasingly dormant whales. According to SpotonChain, a dormant APE wallet has transferred 4.58 million APE tokens to an exchange. Since the Apechain launch, three APE whales have moved 12.47 million tokens worth $17.54 million to Wintermute OTC.
These transfers have affected ApeCoin’s price action, triggering a market correction. Typically, when large investors move their tokens into exchanges, it results in sell-off and speculation, driving prices down. In fact, the price of ApeCoin is on a downturn, trading at $1.09. This marks a 5.44% decline in the past 24 hours. Before this, the meme coin had an upward trajectory, surging by over 50% on its weekly charts.
Additionally, its daily active addresses have also declined from 18,872 to 985. This indicates decreasing demand, with a few investors participating in trading activities. Therefore, the APE token has seen a shift in market sentiments. The gains recorded on its monthly charts were due to an increase in market speculation from the launch of ApeCoin. Since then, the market speculation has cooled down. If this sentiment persists, the APE token could decline further to $0.872.
Dogecoin Price Analysis: Can DOGE Reach $1?
As the broader cryptocurrency market continues to experience price fluctuations, the leading meme coin by market capitalization has not been spared. DOGE’s price has been hovering around the $0.387 region after surging to $0.468 in the past few days. This has sparked concern regarding the future of this meme coin. Its technical indicator suggests the previous surge propelled into a good entry zone.
Notably, Dogecoin’s price has closed in on its first weekly golden cross in nearly four years. This golden cross pattern is also forming in its daily time frame. Dogecoin’s price has to hold above its 200 MA until the 50 MA catches up, or it will plummet. Analysts suggest that if market trends are favorable, DOGE’s price will extend its rally toward the $1 mark.
Meanwhile, Santiment data shows several Dogecoin holders have exited their long positions. This move decreased the total holder count to 6.62 million, its lowest count since April. However, the Dogecoin price prediction indicates a bullish trajectory since the remaining holders demonstrate strong positive sentiment.
Can Cutoshi Mirror DOGE And APE Price Pump?
As ApeCoin and Dogecoin continue to navigate volatile markets, Cutoshi’s price is ready to explode. Its diverse market appeal has drawn considerable interest in its presale, ultimately triggering massive adoption. As such, Cutoshi could easily mirror the Dogecoin price pump in the next bull cycle.
