DOGE Market Dominance Exceeds 1% with Over 22% Increase; Cutoshi's DeFi ecosystem draws attention

Dogecoin achieves more than 1% market dominance with a significant rise of more than 22%; Meanwhile, Cutoshi's DeFi ecosystem is attracting investors and Kaspa is catching up.

The recent resurgence in Dogecoin (DOGE) prices has seen its market dominance jump from 0.74% levels in mid-October to over 1%. While this marks a major milestone for the legacy meme coin, it has also drawn investors' attention to other promising meme coins like cutoshi (CUT).

Notably, the rapidly rising pre-sale star is positioning itself as a major disruptor in the cryptocurrency market largely due to its hybrid ecosystem with DeFi integration. Meanwhile, another major altcoin, Kaspa (KAS), is also in the spotlight following a notable recovery following a month-long consolidation.

Cutoshi's rapid pre-sale progression attracts growing interest

The ethereum-based Cutoshi memecoin has earned more than $680,000 in pre-sales, positioning it as a rapidly growing crypto project. Essentially, Cutoshi adopts Satoshi Nakamotos' bitcoin core principles of decentralization, privacy, and monetary freedom. As such, Cutoshi hosts a DeFi hub that features a DEX platform that facilitates P2P and cross-chain crypto transactions.

Additionally, Cutoshi has a custom farming mechanism that offers users additional tokens along with complementary nfts and Merch when they participate in specific missions. While this presents Cutoshi as a lucrative platform, its native deflationary token, CUTO, ensures the long-term growth of the meme project. With its buyback and burn system, the CUTO token is designed to gradually increase in value over time.

Meanwhile, Cutoshi hosts a DeFi learning center designed to spread DeFi knowledge while eliminating financial illiteracy. This strong movement will surely fuel the growth of Cutoshi as a hybrid meme coin. With increased recognition among major DeFi coins, the CUTO token can potentially surpass Dogecoin and Shiba Inu, especially as it is predicted to see a 100x surge from its current price of $0.022 as Stage 2 comes to an end. with more than 88%. exhausted.

Dogecoin Market Dominance Rising Amid Price Recovery

Dogecoin has recorded impressive growth over the past month, rising over 60% from an entry price of $0.105 to reach a monthly peak of $0.177. Although it has since retreated slightly to a current price of around $0.167, DOGE price is still maintaining a generally bullish trajectory.

Currently trading within a weekly range From $0.138 and $0.167, DOGE price reflects an increase of more than 20% in the last week. Meanwhile, DOGE's recent price rally not only boosted its market dominance above 1% but also contributed significantly to the price recovery so far this year.

After reaching a yearly high price of $0.220, DOGE price suffered a major drop that took it as low as $0.092, before it eventually regained its bullish momentum. Interestingly, Dogecoin's technical analysis, including its moving averages points to strong buying, suggesting that DOGE price will likely surpass its 6-month ATH in the coming days or weeks.

Kaspa price pullback takes hold amid resurgence of interest

After a month-long price decline, Kaspa is finally regaining its bullish momentum, as seen in the weekly chart below. Although the KAS token is still cruising in the negative zone, the recent uptrend suggests an imminent price breakout, especially if the current momentum persists.

Meanwhile, looking closely at its price trajectory so far this year, KAS price reflects an increase of almost 130% in the last year. While the KAS token still retains a generally bullish outlook, token holders are confident of a bullish fourth quarter, with 86% of the more than 38,000 community members on CoinMarketCap voting in favor of a bullish price trajectory.

On the contrary, Kaspa's technical analysis points to strong selling, suggesting that the bullish projection may take some time to materialize.

Will Cutoshi be able to lead Dogecoin and Kaspa this fourth quarter?

Unlike Kaspa, whose optimistic and bullish projection for the fourth quarter remains uncertain, Dogecoin has demonstrated exceptional performance in the last month. Interestingly, Dogecoin's current trend seems sustainable, judging by its technical analysis.

However, Cutoshi has a chance to overtake Kaspa and Dogecoin largely due to its pre-sale token status and diverse market appeal. In the meantime, it's not enough to think of Cutoshi as a disruptive token but rather one that offers lucrative potential. This is also evident in his current x.com/CutoshiToken/status/1852290596938862653″ target=”_blank”>halloween campaign which offers a discount bonus of up to 20% on each token purchase for a limited time.

For more information on Cutoshi pre-sale, please visit the official website.

Join and become a member of the community at twitter.com/CutoshiToken” target=”_blank”>twitter and Telegram.