Could Cutoshi Be Your Next Rags To Riches Story, Analysts Predict an Early Dogecoin-Like Rally

Dogecoin was one of the biggest crypto rags-to-riches stories ever. Starting as just a joke for programmers, the token reached astronomical highs. Now, Dogecoin is the king of memecoins, and among the biggest crypto assets ever.

Ever since Dogecoin’s rise, traders have been looking for other crypto assets that could replicate its story. First was Shiba Inu, then Floki and Pepe, among many others. Now, traders are looking at Cutoshi, a next-gen utility memecoin, as a potential candidate.  

Could Dogecoin Break $1?

Memecoin king Dogecoin (DOGE) has come a long way since it started as a joke crypto. In 2021, the coin went from $0.01 and reached its all-time high at $0.73 in just a few months.  This is an astounding 7200% increase in just a few months, which saw Doge reach a market cap of $85 billion.

After a spectacular rise in 2021, it still has a strong community. Many of them believe that Doge still has the potential for massive gains. Most recently, analysts have revealed a major potential upside in the charts. Namely, Dogecoin had retested the $0.382 Fibonacci level, setting it up for a major rally. Analysts believe that the token could reach $0.618 in the following weeks, and even reach its new ATH of $1.272.

Source: The Crypto Basic

The reason for these strong technicals is likely the excitement around Doge. Notably, Elon Musk now heads an unofficial department in the US government, which he calls DOGE. This department is in charge of holding government officials accountable.

With Musk gaining more publicity than ever, Dogecoin traders hope that this biggest promoter of Dogecoin will help boost the token. This seems to be working, as the token has recently gained institutional recognition. Notably, investment firm Grayscale launched its own Grayscale Dogecoin Trust. This investment product will enable major institutions to gain exposure to Dogecoin, boosting its price.

Just a few years ago, it was unthinkable that major financial players would invest in a joke crypto. However, with Musk in the pro-crypto Trump administration, it is not impossible. Still, due to its large market cap, Dogecoin is unlikely to see gains like in the early days.

Can Cutoshi Replicate Dogecoin’s Success?

While Dogecoin’s biggest gains are likely behind it, a new memecoin is emerging that may replicate its success. MemeFi token Cutoshi (CUTO) recently made news for significant acceleration in its presale. This new token already secured over $1.7 million in funding and is racing toward trading on the open market.

On Thursday, February 13, Cutoshi developers announced that the development of its DEX and wallet is going faster than expected. For that reason, they cut the remaining six stages of the presale to just two. For traders, this was a good sign, as it shows that the team is confident about its success.

The team is building a DeFi platform, with a memecoin twist to it. Cutoshi is both a memecoinand a utility token. Notably, it powers a decentralized ecosystem that allows users to trade without restrictions. What is more, Cutoshi is committed to decentralization and enables self-custody for its users.

This roadmap, as well as early successes, have attracted significant investor interest. For this reason, some even believe that Cutoshi could replicate Dogecoin’s early success.

Cutoshi Presale Live, Learn More Below

● Price: $0.031 per $CUTO
● Supply: 440,000,000 tokens (ERC-20)
● Website: https://cutoshi.com
● Telegram: https://t.me/cutoshicommunity
● X (Twitter): https://x.com/CutoshiToken

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.