PEPE traders have made tremendous profits this year, as the altcoin has gone 15x in value since the start of 2024. However, as PEPE slows down following the recent rally, traders wanting to resume growth flock to Popcat and the latest hybrid token on the Ethereum blockchain, Cutoshi.
Let’s examine these altcoins to analyze their growth potential and determine the possible degree of returns for current investors.
Pepe (PEPE): Pullback Due To Decreased Demand
2024 has been an excellent year for PEPE investors. PEPE has rallied multiple times this year and has gained close to 1500% since 1st January 2024. The most recent rally started two weeks ago on 5 November 2024, helped PEPE reach the new ATH at $0.00002524 with an over 200% surge in the price.
However, PEPE dropped fast as the demand suddenly vanished and is now close to 20% below this new ATH. PEPE trades at $0.00002024 after a 4% plunge in the last 24 hours. Despite this drop, the demand for PEPE remains the same, with only a 1% increase in the daily trading volume today.
Due to the price pulling back after the rally, PEPE has come out of the overbought region and currently has a Relative Strength Index of 66. As momentum fades away, PEPE investors turn to Popcat and Cutoshi, hoping to continue making similar returns.
Will Popcat (POPCAT) Surge Again After Price Correction?
POPCAT moved in an uptrend channel from September 2024 until it broke below the lower trendline three weeks ago. However, POPCAT surged shortly after, with massive demand gaining over 60% within 10 days. Like PEPE, POPCAT reached a new ATH of $2.07 five days ago and has dropped to trade nearly 30% below it.
POPCAT trades at $1.50 after a massive intraday decline of 7.9%. The POPCAT price is taking support from its 50-day Simple Moving Average (SMA) and facing rejection from the 20-day SMA. The $1.4 price level is immediate support for POPCAT, and a more substantial support level is at $1.18.
These support levels are a good entry point for POPCAT bulls to enter, drive the price upwards, and continue the uptrend. If POPCAT rises from here, the $1.7 and $1.97 price levels may cause significant resistance to the POPCAT price. However, POPCAT can break these resistance levels by generating sufficient bullish momentum.
Cutoshi (CUTO): Ethereum Based Hybrid Token
Cutoshi is the new hybrid coin on the ERC-20 network that is going viral because it combines the practicality of a utility token with the fun of a meme coin, catering to both the meme coin and DeFi communities.
Cutoshi is a tribute to the Chinese Lucky Cat, which, according to Chinese and Japanese folklore, has the power to bring good luck and prosperity. Cutoshi wants to make the lucky cat’s powers accessible to all and thus has brought it to the blockchain by tokenizing it as its native token, CUTO.
It also follows Satoshi Nakamoto’s ideals and walks on the path he created to provide decentralized finance to everyone around the globe. Cutoshi has created an inclusive and democratized ecosystem that helps users participate in DeFi, liberating them from the control of centralized organizations.
The Cutoshi ecosystem has an academy through which users can learn and adapt faster to the decentralized economy. Members gain access to free learning materials that break down complex DeFi concepts into easily understandable modules. Thus, newcomers can get a headstart on their crypto journey with Cutoshi Academy.
As they learn about DeFi and Web3, community members can earn CUTO by participating in the Cutoshi token farming. Over 3,000 members are farming and getting exciting rewards by competing in quests and rising through leaderboard ranks.
The farming mechanism is designed to help boost community growth. Members complete the challenges and receive CUTO points, which they can convert to CUTO tokens after the presale ends.
CUTO is currently valued at $0.0259 in the third phase of the token presale. Cutoshi is zooming through the presale and has raised $1 million. The token will continue surging as the presale reaches further rounds, generating enormous wealth for the CUTO holders.
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