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$175-based memecoins like Dogwifhat, the hottest Ethereum 
$2,554-based meme coin in the market, Cutoshi is set to give bigger returns.The Cutoshi ecosystem is loaded with utilities that cut across major aspects of DeFi, including DEX, farming, NFTs, and educational features that aim to enhance the knowledge of blockchain enthusiasts.
Cutoshi (CUTO) Is Positioned For Huge Success
While many ERC-20 memecoins, such as SHIB and DOGE, are mostly based on hype, Cutoshi is a meme coin that focuses more on utility. By providing value in the crypto space, such as a DEX that prioritizes privacy and seamless transactions, Cutoshi takes center stage.
Cutoshi leverages the concept of the Chinese Lucky Cat which is believed to bring fortune and prosperity to its owners, Cutoshi brings this belief system to the blockchain. Rather than just centering around fun, Cutoshi combines the age-old symbolism of this Lucky Cat with the teachings of Satoshi Nakamoto, thereby promoting monetary freedom among users.
The multi-chain DEX offered in the Cutoshi ecosystem ensures that security is top-notch while fostering very efficient swapping of tokens across various blockchains. Unlike centralized exchanges, users of the Cutoshi DEX will retain control over their assets making it a safer alternative.
It will also interest you to know that the CUTO token has been added to CoinMarketCap. This will help to increase the visibility of the token, hence resulting in an increase in demand for the CUTO token. Meanwhile, the CUTO presale is underway and each token is selling for only $0.022 in stage 2 of the presale. However, this price is expected to increase as more people are attracted to the opportunity.
Dogwifhat Price Chart Analysis
In recent months, the Dogwifhat price has shown some fluctuations. The meme coin rallied sometime around March 2024, rising above $4.7, after which bearish pressure grew stronger and the Dogwifhat price dropped. Furthermore, Dogwifhat also slid greatly toward the $2-$2.7 range after Bitcoin 
$0.000042 fell to $57,000.
Source: TradingView
The meme coin is now displaying some resilience while the crypto market starts to show some notable comeback. Technical-wise, the Dogwifhat price chart shows positive momentum. Although the Moving Average Convergence Divergence (MACD) along with the 50-day and 200-day moving averages show a possible buy, holders remain upbeat.
Furthermore, some experts have noted that the next noteworthy level of resistance is about $2.83. If the bulls can successfully take the price of Dogwifhat above this resistance level, then we may see the meme coin rally toward the $3.44 mark. However, it is noteworthy that the Relative Strength (RSI) is not far from the overbought zone on the 1D timeframe.
Source: TradingView
Both traders and investors alike may want to monitor the chart as a possible bearish reversal could be imminent if the RSI enters the overbought zone and begins to point downward. If bearish momentum intensifies, it is possible to see the price of Dogwifhat decline toward the $2 zone.
Cutoshi Is Set To Outshine Dogwifhat
While the total token supply of Dogwifhat is close to 1 billion, Cutoshi caps its token supply at only 440 million. This is poised to foster scarcity as the demand for the token continues to rise, especially after the presale concludes.
Eventually, the token scarcity combined with an increase in demand alongside the countless benefits from the Cutoshi ecosystem will result in value appreciation of the CUTO token. Now is the best time to accumulate the CUTO token before a huge rally.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
