Despite being outperformed by several major meme coins in 2024 Dogecoin still remains the meme coin king. It’s experienced several price fluctuations in Q4 with DOGE increasing in value by 30% over the last month. Now trading at $0.16 Dogecoin is targeting $0.18 as the meme coin market turns bullish.

However, a new rival is also gaining traction. Cutoshi is challenging other meme coins by offering greater utility and real-world applications. Its ecosystem includes a decentralized exchange, an educational platform and several passive income streams. 

Elon Musk Triggers Dogecoin Surge

Dogecoin’s price rallied by 30% over the last month. This has created bullish momentum, with some analysts predicting that Dogecoin could rally to $0.20 before the end of the year. This rally has been triggered by several factors including Elon Musk’s support for Donald Trump’s presidential campaign. 

On October 28, the Tesla CEO posted a picture on X depicting him flexing during a speed and a Shiba Inu dog. Furthermore, rumors of Musk forming a Department of Government Efficiency (DOGE) have also supported Dogecoin’s momentum. 

However, analysts believe that Dogecoin could soon face a correction. Indicators such as the Relative Strength Interest suggest that Dogecoin could be in an overbought zone. Any rating above 70 suggests that a coin is overbought, with Dogecoin’s current rating being at 78. This suggests that Dogecoin could fall in November and consequently investors should buy Dogecoin with caution. 

Cutoshi Sees Early Presale Success

Cutoshi has quickly become a popular presale in the DeFi space. Praised for its unique approach to meme coins, Cutoshi offers a diverse ecosystem designed to empower investors and help them build wealth over time. A key feature of Cutoshi is its decentralized exchange. The exchange showcases low fees and fast transaction times as well as a seamless interface for a well rounded experience. 

To help ease new investors into DeFi Cutoshi is also launching a highly anticipated DeFi academy. This educational platform will help new investors build a strong foundation when it comes to buying crypto instead of betting in the dark. It will cover key aspects of the crypto market from basic to complex. 

The Cutoshi presale is quickly proving to be a big hit and offers several income opportunities for investors. Aside from staking the

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Author: Crypto Daily