Dogecoin Pumps To 4-Month High After Elon Musk Mention, Here Are Top 3 Cryptos To Break The Internet In Q4

Consequently, ApeCoin (APE) has recorded a weekly surge of over 60%, as Cutoshi steals market attention from DOGE and APE. This unique presale star has been making headlines owing to its hybrid MemeFi protocol and recent CoinMarketCap listing.

The Cutoshi presale revenue has already surpassed the $540K mark, showcasing the pace at which the CUTO token is bought within the presale market. Moreover, Cutoshi’s hybrid approach seems to have captured the attention of many, as it merges the unique attributes of meme coins and DeFi. Essentially, the project adopts Bitcoin’s core principles of decentralization, monetary freedom, and privacy.

The Cutoshi project houses intrinsic features such as the DEX platform, farming mechanism, and staking protocol. The Cutoshi Farming offers a new way for its community to earn extra tokens by completing quests. Furthermore, Cutoshi also features a learning academy that will help narrow the crypto knowledge gap, bringing DeFi close to the masses.

Having surged from its initial offering of $0.015 to its current price of $0.022, early CUTO investors are enjoying over 46% ROI. Moreover, the Cutoshi tokenomics, backed by the token’s limited supply, are set to create immense demand for the token, possibly leading to further gains in the coming months.

Dogecoin’s price has had an impressive performance, trading around the $0.137 mark, reflecting a weekly surge of over 8%. However, Dogecoin’s price seems to have entered a minor price correction period.

Source: TradingView

Dogecoin’s price started its bearish momentum after its daily RSI reading crossed the 70 mark, a threshold that signals an overbought condition and is usually followed by a period of consolidation. Moreover, despite the token’s RSI regaining a neutral position, DOGE’s 50-day EMA is also approaching a crossover within the 200-day EMA, driven by its significant surge earlier this month.

Early DOGE buyers seem to be locking in profits with the nearing of the golden cross, contributing to the token’s ongoing pullback. Nonetheless, with Dogecoin’s widespread continued support from well-known figures like Elon Musk, Dogecoin could regain its bullish trend soon. Should the selloff continue, Dogecoin’s downside price target for the month will likely be its moving average, currently at $0.11.

Despite an impressive weekly surge, ApeCoin’s price has dropped below the $1.41 support level over the past 24 hours to retest its technical safety net at $1.26. If the price of ApeCoin dips below this support level, it could dip further to the $1.06 mark in the short term.

Source: TradingView

However, if the price of APE, currently at around the $1.1 mark, remains above its support level, it will likely regain its bullish momentum and attempt to reclaim the $1.41 support. The 4-hour chart for ApeCoin suggests a bearish trend after its price triggered both the MACD and RSI indicators.

ApeCoin 20 and 50-day moving averages are 0.866 and 0.803, respectively, suggesting that sellers have taken control of the APE price from buyers. However, the RSI is still above the 50 benchmark, indicating that there is still some bullish strength for the token in Q4.

Just like Dogecoin and ApeCoin, which have recorded significant monthly gains, Cutoshi is also setting itself up for future gains. Backed by its unique MemeFi features and token scarcity, Cutoshi is set to multiply its presale gains in Q4.

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com/

Join and become a community member: 

https://twitter.com/CutoshiToken

https://t.me/cutoshi

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