The past few weeks have been positive for Dogecoin (DOGE). Consequent to the success of the SpaceX launch, Dogecoin price has continued to record significant gains despite losing many users a few days ago. On the other hand, a new presale project, Cutoshi (CUTO), and top crypto coin SUI are exhibiting bullish tendencies as their prices surged. Here is a breakdown of all three coin’s price movements.
Dogecoin Price Surges After Musk Tweet
Elon Musk has quite a big influence on Dogecoin. The trending topic in the Dogecoin news lately is another Elon Musk tweet where he has inspired a Dogecoin (DOGE) surge.
Source: CoinMarketCap
At the back of Musk’s SpaceX launch, The Los Angeles Times reported that California officials had halted further rocket launches by SpaceX. In what many observers have considered a cheeky reaction, Elon Musk tweeted “D.O.G.E will fix it.” This response immediately spurred the bullish momentum on Dogecoin (DOGE), as the Dogecoin value grew by 13.8% the next day.
Currently, the Dogecoin price is still going strong on the bullish trend. The meme coin has continued its monthly 21.13% rally with a weekly 14.89% growth despite a few intra-day declines.
Cutoshi Offers Utility To The Meme Coin Sector
Cutoshi (CUTO) is the newest addition to the meme coin sector, attracting interest from investors. The meme project sets out to correct the anomalies in the meme sector by integrating utilities from the DeFi sector. The project draws from Satoshi Nakamoto's blockchain technology framework and merges it with a theme inspired by the Chinese Lucky Cat. In that way, Cutoshi creates a community that prioritizes financial freedom, security, and fun.
One of the standout features of Cutoshi (CUTO) is its DEX protocol. The Cutoshi DEX offers users a seamless and secure platform to swap assets and execute cross-chain transactions, leveraging the robust security and efficiency of the Ethereum network. Additionally, Cutoshi’s learning academy will provide the knowledge to help users navigate the DeFi space and gain financial freedom.
Cutoshi (CUTO) also offers fun ways to make additional income through farming. Users can complete easy tasks on the project and earn rewards. These rewards can then be redeemed for CUTO tokens. Cutoshi has a limited supply of tokens, with 55% allocated to the presale which is now in Stage 2 at $0.022.
With the DEX protocol providing utility, a planned token burn and recent listing on CoinMarketCap, the CUTO token is set on a bullish course, and experts suggest a 100x rally for the token after launch.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
SUI Remains Bullish Despite Controversy
The SUI token had quite an impressive September as it recorded substantial gains. SUI coin price closed the month with a 123.1% monthly growth, establishing itself as one of the top gainers on the monthly time frame. However, SUI’s performance had some experts doubting whether SUI would replicate such bullishness in October.
Source: CoinMarketCap
SUI coin has carried over its momentum into the much-hyped ‘Uptober’ despite being threatened by speculations of possible insider trading. According to some reports, wallets linked to the Sui Foundation sold SUI tokens worth $400 million to some major exchanges. Although the SUI network has rebuffed the rumor in a Tweet, experts fear that it could negatively impact the SUI coin price as 24-hour trading volume on the project has dropped by 31.94%.
SUI is down -13.69% from its ATH set less than ago. Regardless, SUI still has a bullish outlook on price charts. The coin is currently trading at a 10.56% weekly uptrend and continues its impressive monthly performance with 73.61% gains.
Cutoshi To Outshine SUI And Dogecoin
As Elon Musk’s tweet continues to set Dogecoin up for gains and Sui struggles to shake off controversy, Cutoshi is well positioned for a price surge as the meme coin brings with itself DeFi utility and a symbolism of good fortune.
Investors have also highlighted Cutoshi’s token burn mechanism and DeFi ideals factors that could push the project to outdo SUI and Dogecoin (DOGE).
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