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Having witnessed a sharp decline in the past few days fueled by rising geopolitical tension in the Middle East, Dogwifhat could be on the path to a significant rally. The Solana-based meme coins already witnessed more than a 50% rise before the recent decline. As such, with the new MACD bullish crossover that seems to be forming, another rally could be on the horizon.
Meanwhile, Cutoshi Academy, one of the major tools in the ecosystem, is garnering the attention of whales. The new feature will not only allow investors to learn about the ecosystem and cryptocurrencies but is also designed to bring DeFi to the masses. With these amazing features, analysts are picking CUTO as one of the best presale tokens in the market.
Summary
How Cutoshi Academy Could Revolutionize the Crypto Market
Over the years, the goal of investors is to invest in digital assets and make profits along the line. However, due to their limited knowledge of the market, investors have struggled to make smart investment decisions. Cutoshi is coming up with a solution to that problem. At the Cutoshi ecosystem, there is an academy that allows investors to learn about digital assets and DeFi.
Market watchers believe this will foster DeFi adoption through the sophisticated power of the fun meme and Cutoshi ecosystem. This means, unlike Dogwifhat with zero utility, Cutoshi has a strong utility which will drive the adoption of the CUTO coin. One of the useful tools is the Cutoshi multi chain DEX exchange, which enables cross-chain asset swapping.
There is also Cutoshi farming, which rewards investors for participating in quests, etc. Cutoshi’s overall aim is to embody the values of decentralization, privacy, and monetary freedom, which is Satoshi Nakamoto’s original vision for blockchain technology. Adding that to the Chinese Lucky Cat, Cutoshi wants to bring luck, prosperity, and wealth to your digital assets.
Going forward, the Cutoshi presale has recorded massive interest with more than $285K raised within a short time. Some analysts link this rally to the deflationary mechanism and the limited 440M supply which will likely trigger scarcity. Adding to its unique features, analysts forecast 500% rise in presale and 40x rise before its listing in DEX exchange.
Dogwifhat Price Analysis – Can WIF Price Hit $3 in October
Dogwifhat (WIF), the Solana-based meme coin, has been among the top-performing meme coins in the past few weeks, hitting the $2.6 mark for the first time in weeks. While the market retracement pushed the WIF price downward, the meme coin looks set to resume the rally with signs of a bullish MACD crossover.
The last time the memecoin witnessed a bullish MACD crossover in August, the Dogwifhat price surged by over 40%. As such, investors are optimistic that a rally is in sight. CoinMarketCap data shows that Dogwifhat has gained 43% in the past month with a marketcap of $2.1B. Further look at the technical analysis shows it is trading above the 50-day and 200-day EMA.
With the Dogwifhat market sentiment bullish and 18 green days in the past 30 days, Coincodex forecasts the Dogewifhat coin to hit $6.64 in the short term. Another crypto analyst, Nology on X, believes that Dogwifhat will resume the uptrend soon. While the coin faces challenges at the $2.5 mark, a breakthrough could push the price to $3 soon.
Cutoshi and Dogwifhat, the Top Meme Coins To Accumulate in October
The month of October, which started on a negative note, could end on a positive note. With Dogwifhat showing signs of imminent rally, now is the best time to accumulate. For Cutoshi, the presale is already recording success, with analysts tipping it for huge growth. This makes it a project to prioritize at this early stage.
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