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MemeFi

The past month has been quite an eventful one in the crypto market. While some crypto assets are riding on the back of the recent bull run, others have struggled to stay profitable.
Dogecoin (DOGE), for instance, has made quite a noticeable recovery in the past month, surging by over 30% from an entry level of $0.109 to a monthly peak price around $0.148.&nbsp;
In contrast, Floki Inu (FLOKI) is struggling to break out of the $0.00014 resistance level despite many attempts over the same period. Many crypto holders are looking to further diversify into other promising alternatives like <a href="https://cutoshi.com/" target="_blank" rel="noopener noreferrer nofollow">Cutoshi</a> (CUTO).&nbsp; Meanwhile, being a presale star, Cutoshi has been attracting a lot of interest even from other meme coin communities.
<h3 class="wp-block-heading" id="strong-cutoshi-attracts-growing-interest-with-revolutionary-memefi-ecosystem-strong">Cutoshi Attracts Growing Interest With Revolutionary MemeFi Ecosystem</h3>
The Cutoshi (CUTO) crypto project has a lot of attractions that is driving its growing interest in the presale market. First is its cultural theme which is inspired by the popular Chinese Lucky Cat believed to bring people good fortune and wealth. Secondly, Cutoshi goes beyond the meme coin boundary to integrate DeFi elements which in turn ensures a self sustaining ecosystem.
As a hybrid MemeFi protocol, Cutoshi’s main attraction lies within its DeFi hub which houses intrinsic features like a DEX platform that facilitate P2P and cross-chain transaction, a staking protocol, and a farming mechanism. Cutoshi farming particularly offers users an extra layer of incentive as those who engage in community focussed quests are rewarded with free tokens alongside complementary NFTs and merch gifts.
Interestingly, the native $CUTO token powers the entire ecosystem. In addition to its primary function as a means of exchange on the platform, the CUTO token also facilitates governing processes and reward distribution. Being a deflationary token, CUTO manages its value further through a buy and burn mechanism. Now priced at $0.022 in the second presale stage, the CUTO token is set for an unprecedented surge.
<h3 id="h-dogecoin-token-maintains-bullish-momentum-register-major-gain-in-october-nbsp" class="wp-block-heading">Dogecoin Token Maintains Bullish Momentum, Register major Gain In October&nbsp;</h3>
Despite kicking off the month of October on a poor note, Dogecoin (DOGE) has demonstrated exceptional performance in the past month. As seen in the monthly chart below, <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">DOGE price</a> faced a progressive decline towards the end of September before it regained its bullish momentum roughly two weeks into the month of October.
<figure class="wp-block-image">
 <figure style="width: 100%" class="wp-caption alignnone"><img fetchpriority="high" decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfofMmCHWoz13ol6gbd5o1oGYLWHKfKvqPLgoTg4M9NFTsbFkhekiEbIYJ40pZLRiZ9XDJQqf35QxMZsMK4vvqV5IaA9uhj8gFRhKeGWOQ8qWzFiE1dviFxeS1bKyPTVOAdXUvhBisMU-VIJoY4W32fZ9Bt?key=7tr-KH0lzWwoOTGtd0uBlw" alt="" width="1535" height="924">
 <figcaption class="wp-caption-text">
 Source; CoinMarketCap
 </figcaption>
 </figure>
</figure>
Specifically, DOGE price resumed its bull run around 14th of October, since when it has continued its uptrend that eventually pushed it above the $0.140 price mark, which marked about a 30% price increase in the past month. Currently trading within a weekly price range of $0.135 and $0.138, DOGE price reflects roughly 2% increase which suggests a slowing momentum.
Regardless, DOGE token’s technical analysis, including the short and long term <a href="https://www.tradingview.com/symbols/DOGEUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">moving averages</a> points at a strong buy signal, which implies that the current trend could be sustained in the immediate future. This, in fact, justifies the optimistic sentiment from the community as 84% of over 21K community members on CoinMarketCap voted in favor of a bullish trajectory.
<h3 id="h-floki-inu-token-faces-month-long-consolidation-forces-token-holders-to-explore-alternatives" class="wp-block-heading">Floki Inu Token Faces Month Long Consolidation, Forces Token Holders To Explore Alternatives</h3>
Floki (FLOKI) ecosystem’s promising future doesn’t seem enough to maintain a bullish price trajectory. After suffering a noticeable decline from its year-to-date peak price of $0.00032, Doge price has since been consolidating below the $0.00018 price level.
<figure class="wp-block-image">
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdvPLZ1YPOi_1NXB3ciVQDQIrbfwy75pkXS7HIy_lLQO94_nj_-IAr0BsdNhFYeE3hdBo3P3W3t0cK2MlC7n8A1qNC1iUWK-0T12tqiBNyUImMVfDJhogee2nNvVY0VvsUbWkv0YePfXvXdPiq0Uay0rD8?key=7tr-KH0lzWwoOTGtd0uBlw" alt="" width="1533" height="955">
 <figcaption class="wp-caption-text">
 Source; CoinMarketCap
 </figcaption>
 </figure>
</figure>
As seen in the monthly chart above, FLOKI token failed on multiple attempts to trade above this crucial level, reaching a monthly peak price of $0.00017.&nbsp; It has since settled within a weekly price range of $0.00015 and $0.00014, which reflects a little above 5% decline.
While token holders struggle to maintain optimism, some are refocusing their effort on other promising meme coin projects like Cutoshi. Regardless, a large portion of the Floki community are still optimistic considering that 83% of 8K people voted in support of a bullish trajectory on CoinMarketCap. Furthermore, FLOKI token’s <a href="https://www.tradingview.com/symbols/FLOKIUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">technical analysis</a> points at a neutral sentiment which suggests that investors must tread with caution.&nbsp;
<h3 id="h-can-cutoshi-outpace-floki-and-dogecoin-to-dominate-the-meme-coin-market" class="wp-block-heading">Can Cutoshi Outpace Floki And Dogecoin To Dominate The Meme Coin Market?</h3>
Cutoshi is positioning itself as a pacesetter in the meme coin market, largely because of its hybrid MemeFi protocol. While Floki is also expanding its ecosystem to accommodate a diverse audience as Cutoshi is currently doing, a lot of its services are still in the pipeline.&nbsp;
This attribute puts Cutoshi at a more advantaged position to climb the meme coin market, with the possibility of competing with legacy meme coins like Dogecoin.
For more information on the Cutoshi (CUTO) Presale:
<a href="https://cutoshi.com/" target="_blank" rel="noopener noreferrer nofollow">https://cutoshi.com/</a>
Join and become a community member:&nbsp;
<a href="https://twitter.com/CutoshiToken" target="_blank" rel="noopener noreferrer nofollow">https://twitter.com/CutoshiToken</a>
<a href="https://t.me/cutoshi" target="_blank" rel="noopener noreferrer nofollow">https://t.me/cutoshi</a>
The post <a href="https://www.ethnews.com/dogecoin-news-cutoshi-coins-emerging-presence-in-the-crypto-world-attracts-doge-and-floki-investors/" rel="noopener noreferrer nofollow">Dogecoin News: Cutoshi Coins Emerging Presence In The Crypto World Attracts DOGE And Floki Investors</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Dogecoin News: Cutoshi Coins Emerging Presence In The Crypto World Attracts DOGE And Floki Investors

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