Green candles flood the market, and three cryptocurrencies appear primed for significant surges by the end of 2024. Cardano (ADA) has announced a series of upgrades that could boost its competitive edge in the Layer 1 market. Dogwifhat (WIF) is set to become one of the most prominent meme coins in the space and outpace old-guard projects such as Shiba Inu and Dogecoin.
Another contender that could potentially eclipse its gains is Cutoshi, a meme coin project that leverages meme culture and boasts an innovative DeFi platform that has captured the attention of seasoned investors.
Cardano Approaching Critical Resistance
Cardano (ADA) is showing surprising resilience as its floor has been steadily rising, highlighting the potential start of a bullish trend. At press time, Cardano sells for $0.36 with a 1.7% 24-hour increase. A glance at the chart shows that Cardano’s price is being compressed as bulls and bears are caught in a tug-of-war. This is expected to culminate with a massive move to the upside fueled by a barrage of short liquidations.
On the technical front, Cardano founder Charles Hoskinson has recently revealed the future plans for Cardano, with the Midnight update being the next important milestone set to release in 2025. This update will focus on improving privacy and protecting personal information.
Dogwifhat Breakout Incoming?
Dogwifhat (WIF) has lost a few key levels over the past week and is currently resting on support; today, Dogwifhat sells for $2.42 with an 8.6% weekly decrease. Volume has also taken a 23% hit with about $330 million worth of WIF traded over the last 24 hours.
Despite this recent decline, experts seem confident in Dogwifhat’s mid- and long-term performance. Analyst Alex Clay has recently pointed out that Dogwifhat is currently retesting a major supply zone. As Dogwifhat taps into this high-liquidity zone, it could experience a significant surge that could bring its price above $7 in early 2025 if momentum is sustained.
Cutoshi Could Change The Meme Coin Game Forever
Cutoshi is an Ethereum-based DeFi project that is about to make waves in the increasingly stale meme coin space. Meme coins such as Dogwifhat have one major drawback, they have no intrinsic value or use case that could ensure their long-term survival.
Cutoshi upholds the ideals of privacy and decentralization, echoing the teachings of legendary Bitcoin creator Satoshi Nakamoto. Simultaneously, it boasts a cutting-edge DeFi ecosystem that unites isolated blockchains and allows for seamless cross-chain swaps at the lowest possible fees.
Inspired by the Lucky Cats of good fortune present in Chinese folklore, Cutoshi tokenizes prosperity and brings it to its rapidly growing community in the form of a generous reward system. Via the Cutoshi Farming initiative, users will be able to complete various quests and missions and earn cutopoints that can then be exchanged for $CUTO tokens. Moreover, users who stake $CUTO on the platform will have the opportunity to earn passive income while sustaining the ecosystem.
Another standout feature that separates this meme coin from the competition is the Cutoshi Academy. This is a learning hub that will lend a helping hand to beginners lost in the intricacies of crypto. New investors will be granted access to resources that teach the fundamentals of DeFi, portfolio management, and trading, cementing Cutoshi’s resolve barriers to entry and foster a welcoming environment.
Stage 2 of the $CUTO presale is underway, and more than $500,000 has been raised in funds so far. At just $0.022 and early investors are already enjoying 46% gains. Seeing the stellar performance of new meme coins such as Dogwifhat and Popcat, it’s realistic to expect Cutoshi to experience a massive rally in 2025.
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