Dogecoin’s dominance has been slowly waning as the battle for the meme coin throne is getting more and more intense. Investors are on the lookout for new, fresh projects that can yield the same price multiplier which made Dogecoin’s rise legendary.
Two such projects have been steadily gaining traction during their ongoing presales. BlockDAG, and Cutoshi, a meme-centric ecosystem that could become one of the best plays of the 2024-2025 run.
Will Dogecoin Keep Its Meme Crown?
Opinions about Dogecoin’s future have been quite conflicting. On one hand, Dogecoin continues to be the undisputed leader of its niche with a massive $17.8 billion marketcap. On the other hand, analysts believe that Dogecoin’s sheer size could bar it from reaching higher price targets, as competition in the space is ramping up.
At press time, Dogecoin sells for $0.12 with a 3.3% intraday decrease. The Dogecoin volume has also taken an 18% hit with about $1.68 billion worth of DOGE traded in the last 24 hours. Dogecoin is still struggling to hold the current price point after months of ranging around the $0.10 mark. The next big resistance level for Dogecoin is $0.20, but analysts don’t believe that the momentum is there, at least for now.
Could BlockDAG Be The Next Big Layer 1?
BlockDAG is a newcomer in the Layer 1 market that wants to change the game by implementing a directed acyclic graph (DAG) structure for unmatched scalability. BlockDAG offers enhanced security, near-instantaneous transaction speeds and high decentralization. So far, nearly $100 million has been raised during the presale, and in the next few days, the BlockDAG platform will be finally live.
The launch of the testnet in late September proved to be a massive success, as developers used BlockDAG to deploy smart contracts, mint NFTs, and put its functionalities to the test. With its innovative framework and key partnerships, including a deal with the Borussia Dortmund and Inter Milan football teams, BlockDAG is set to become a significant player in the crypto space.
Cutoshi, The Luckiest Cat On The Blockchain
When it comes to meme coins, utility often takes the backset if it is there at all. With hype being the main driver of growth. As the space matures, investors are looking for stability.
This is where Cutoshi sets itself apart from the competition as it boasts an entire DeFi ecosystem that encourages long-term user engagement. The project draws inspiration from the Lucky Cat of Chinese folklore which is said to bring good fortune to businesses.
Cutoshi offers a state-of-the-art cross-chain DEX platform that allows for lightning-fast and cheap fees transactions. At the same time, Cutoshi upholds the values of privacy and decentralization, the foundational precepts of crypto delineated by legendary Bitcoin creator, Satoshi Nakamoto.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
But Cutoshi is more than a simple DEX. It offers numerous lucrative opportunities to its users. Investors can complete quests, collect points, and receive generous rewards. Stage 2 of the $CUTO presale is underway, and with the token selling for just $0.022, this is the perfect entry point for investors who want to join the utility-driven meme revolution.
Analysts believe that with all that Cutoshi brings to the table, it could outperform majors tokens such as Dogecoin, becoming the next 100x moonshot in 2025.
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