Since its first launch in early 2023, Pepe (PEPE) experienced a run of the ages as it soared by nearly 200x in the span of a year and a half. Along the way, Pepe minted more than a few millionaires and although it can still bring substantial returns in the upcoming months.
Another newcomer, Cutoshi (CUTO) in the meme coin space could mimic Pepe’s path in 2025.
Pepe Rebounds From The Lows With A 7% Daily Surge
Over the last months, Pepe scaled the crypto ranks with ease, becoming the 3rd largest meme coin after Dogecoin and Shiba Inu and claiming the 19th place on the crypto totem pole with $7.2 billion in market capitalization.
After a triple-digit monthly rally that saw it break to a new all-time high of $0.0000248, Pepe (PEPE) entered a cool-off phase with its price consolidating around the $0.000019 mark. Today, Pepe trades at $0.0000194 with a 7% intraday increase that’s offset by a 7.4% weekly decline.
Despite the short-term turmoil, the big picture is undoubtedly bullish for Pepe. Renowned analyst Bluntz Capital has pointed out that Pepe is forming a falling wedge pattern on the chart. Once a breakout is confirmed, Pepe will regain its upward momentum and probably see a new peak by the end of 2024.
This thesis is also corroborated by Pepe’s daily RSI, which currently sits at 60, indicating sustained buyer interest while still being far from overbought territory. This means that Pepe still has a lot of fuel left in the tank before topping out.
While Pepe is still a great investment, with the meme coin euphoria gripping the markets, its multi-billion valuation makes it significantly harder for Pepe to experience the same gigantic price multiples of the past. This is why savvy investors are rotating profits into promising but undervalued projects such as Cutoshi.
Source: TradingView
Cutoshi Is Spearheading A New Meme Coin Revolution
Cutoshi blends together meme energy and state-of-the-art blockchain tech. The project brings a revolutionary DeFi platform that could give established DEXs such as Uniswap and Raydium a run for their money.
The project’s flagship feature is CUTO DEX, a novel cross-chain exchange that connects all major blockchains and allows for cheap and near-instantaneous transactions.
Cutoshi is the digital descendant of the Lucky Cats from Japanese legends, who are said to bring good fortune to businesses and households. Cutoshi tokenizes good fortune and brings it on the blockchain through the viral Cutoshi Farming initiative.
Cutoshi wants its community to win big and spread the good word by completing fun missions and tasks. For their efforts, individuals will receive CUTO points, which can then be redeemed for the native $CUTO token once it hits the markets. A staking system will also be available post-launch, allowing users to enjoy a passive income stream.
Just a few days ago, Cutoshi gave the start to a contest, encouraging the community to share their best memes for the chance to win a cut of the $2,000 prize pool. To learn more, head over to Cutoshi’s official X account.
One of Cutoshi’s focuses is to bridge the knowledge gap and lower entry barriers. This is why the Cutoshi Academy was envisioned. This is an educational platform that aims to lend a helping hand to beginners and demystify key concepts such as DeFi. In the academy, newcomers will find free resources that teach the basics of trading, investing and future-proof portfolio management.
Stage 3 of the $CUTO presale is wrapping up and tokens are available at a discounted price of $0.0259. Over $1.1 million has been raised and demand is not slowing down with investors buying up tokens in anticipation of additional price increases.
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