Meme mania is about to kick off as Shiba Inu records a significant surge in transaction activity. Given their low prices, short-term investment opportunities, and huge social media support, meme coins are expected to lead the Q4 market rally as they have done since the beginning of 2024.
Apart from Shiba Inu, Dogwifhat and Cutoshi are popular meme coins expected to lead the next market boom. Having consolidated at the $2.5 mark, the WIF price is expected to rebound soon. Also, Cutoshi’s new bonus offer is expected to drive its adoption, which could see the CUTO token hit 40x in Q4.Â
Cutoshi Coin Remains Top-Choice Despite Shiba Inu RallyÂ
Cutoshi (CUTO) differs from other meme coins because it has real utilities. While meme coins such as Shiba Inu and Dogwifhat thrive on hype, Cutoshi is backed by a fantastic ecosystem with tools and features like a non-custodial multi-chain DEX which will allow for seamless swapping of cryptocurrencies across various blockchains, solving issues of privacy and security.
Another selling point is the Cutoshi Academy, which is designed to enhance users’ knowledge of DeFi and the crypto market. To reward the community, Cutoshi is developing a farming protocol that will reward members who complete different quests with CUTO tokens. Given the token’s strong utility in the ecosystem, it is expected to hit the moon soon.Â
Meanwhile, the Cutoshi Spooky Savings Event is here, and users are given a 20% bonus on all deposits. However, this is just for 5 days, making now the best time to utilize the opportunity and accumulate the token. With the recent CoinMarketCap listing and the upcoming CoinGecko listing, the Cutoshi token price is projected to hit $0.5 by end of year.
At $0.022, now is the best time to accumulate the token. Within a few weeks of launching the presale, over 80% of the tokens mapped out for stage 2 have been sold with the team raising over $650k. Given the rising momentum and its mission of following core DeFi principles, Cutoshi will likely enter the top 50 coins on CoinMarketCap sooner than anticipated. Â
Shiba Inu Coin Surges in Trading Activity
With the anticipation of a market boom, data from Shibburn shows that over 6M SHIB tokens were burned in October with 105 transactions. According to on-chain data from IntoTheBlock, close to 6 trillion SHIB tokens were traded by large wallets in the past few days, with 224 significant transactions recorded, fueling speculations of an imminent market rally.
Meanwhile, Ever Crypto Sage, a crypto analyst on X, thinks that the Shiba Inu token is primed to break out soon. This expert’s position is based on the Shiba Inu price consolidating around $0.000018 and a surge in Shibarium transaction volume. With the formation of the bullish pennant, Eva thinks the Shiba Inu token might hit the $0.000030 price point very soon.
Zooming in, the Shiba Inu market sentiment is neutral. While Shiba Inu is trading above the 50-day SMA, the price is below the 200-day SMA. However, CoinMarketCap data shows that Shiba Inu trading volume is slightly on the rise which could push the SHIB token price above $0.000018, a catalyst that could drive the price towards $0.000020 soon.Â
Will the Dogwifhat Price Surge to $5 by December?
Dogwifhat (WIF) price has declined in the past few days after a series of unsuccessful attempts to break through the $3 mark. With Dogwifhat price dropping by 7% in the past week, the coin has found support at the $2 mark. CoinMarketCap data shows that Dogwifhat trading volume is on the rise, a signal that shows the rally is not over yet.
WorldOfCharts, a popular analyst on X, believes the Dogwifhat token rally is not over yet. In his analysis on X, WorldOfChart noticed that the WIF breakout and retest have been confirmed, with a projected $5 move in the coming days.Â
Dogwifhat has three critical resistance levels to pass before a resurgence can be completed. They are $2.53, $2.68, and $2.75. Although Dogwifhat crypto recorded just 12 green days in the past month, once it flips these zones, it will likely hit $5 this month. Coincodex remains bullish, with a Dogwifhat price prediction of $7.46 in the short term.Â
Which Three Memecoins Should Be on Your Investment Radar?Â
The crypto market is ever-busy with investors on the lookout for meme coins with potential. Shiba Inu has experienced a massive transaction activity, with rumors of an upcoming rally. While Dogwifhat is making big moves, Cutoshi could surge in the coming weeks. Given the 20% bonus offer, now is the best time to utilize it and join the movement.
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