The battle of the meme coins – new lucky DeFi token attracts DOGE & AAVE whales

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Cutoshi, a DeFi-meme hybrid inspired by Lucky Cat, is gaining traction in its presale, attracting DOGE and AAVE whales.

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Cutoshi (CUTO), a new DeFi-meme hybrid inspired by the Lucky Cat, is shaking up the meme coin scene. Now in its first presale phase, this “lucky” token is attracting DOGE and AAVE whales with its promise of accessible, fun DeFi. Let’s examine these three altcoins and what the future holds for them in the competitive altcoin market.

Dogecoin: The meme pioneer at a crossroads

The mention of Dogecoin on Saturday Night Live was the final catalyst of a 10,000% surge in 2021 for the dog-themed meme coin. But since then, it has plunged 84% to a current price of $0.1124 as newer coins, like CUTO, take center stage.

As investors seek out projects with solid technology and real-world use, many resist Dogecoin’s speculative hype in favor of platforms with sustainable growth potential. Financial forecasts indicate Dogecoin could hover between $0.10 and $0.15 until BTC hits a new all-time high above $73.7K.

One possible boost to Dogecoin’s price could come from the ongoing meme coin mania sweeping the industry. As the original meme coin, Dogecoin is the most famous meme coin among retail investors who bought the coin in previous bull runs.

Another bullish factor for Dogecoin is Elon Musk, who is not shy about supporting the coin and its technology. Could we see another DOGE rally fueled by Musk’s tweets, memes, and social media obsession? Only time will tell, but some Dogecoin holders aren’t prepared to wait while other coins like CUTO are gaining traction.