DOGE Surges, Popcat Struggles as Trending ETH Hybrid Coin Hits $1 Million

bitcoin approaches $100,000, Dogecoin rallies 195%, and Cutoshi emerges as a memeFi star, raising $1 million in its pre-sale.

crypto markets are breaking records. With bitcoin hovering around $100,000, altcoins are following suit. Doge has outperformed most major tokens, while Popcat is struggling. At the same time, a new memeFi hybrid token based on eth cutoshi It is sweeping the markets.

Doge Set for Big Profits

After years of slow performance, Dogecoin (DOGE) is finally seeing its bullish rally. At the current price of $0.4028, the token is up to 195% in the last 30 days, outperforming many of the major cryptocurrencies.

The likely reason for Doge's price increase is the recent publicity thanks to Elon Musk. Following his electoral victory, Donald Trump has announced the creation of the Department of Government Efficiency (DOGE). Musk will head the department, which has already attracted a lot of attention to the token.

This attention has strongly boosted Doge's technical indicators. The moving averages are overwhelmingly below the current Doge price, suggesting huge upside potential. This will likely occur in the coming months, after the new administration takes power. According to CoinCodex, the token has the potential to <a target="_blank" href="https://coincodex.com/crypto/dogecoin/price-prediction/” target=”_blank”>increase $0.869 in the next three months.

Popcat takes a beating after losing key support

After a strong performance in early November, Solana-based Popcat saw a significant drop, erasing its gains. However, there are some indicators that Popcat may be changing.

Popcat underperformed during this cycle, falling 24.60% in the last seven days. Last week's drop came after the token fell below a critical support at $1.30. Technicians suggest that the token could fall further if this support does not hold.

Popcat's current technical indicators are also not great. The moving averages are mostly above the current price of $1.33 and the oscillators are neutral or mixed. However, the 100-day simple and exponential moving averages are still below the current price, indicating a buy. Still, if Popcat manages to recover and stay above $1.74, it has the potential to reach its all-time high of $2.07.

Cutoshi, the Meme coin-DeFi hybrid, raises $1 million

While meme coins show mixed performance, one token has recently seen significant growth. The memeFi token Cutoshi (CUTO) went viral after raising $1 million in its pre-sale. This new meme coin is attracting a lot of attention thanks to its combination of memes and DeFi.

Most meme coins, such as Doge and Popcat, offer little to no utility. Most of their appeal comes from how easy they are for average traders to understand. Cutoshi, on the other hand, combines these two aspects. It aims to be accessible to traders while building a robust DeFi ecosystem.

The token is inspired by the Chinese symbol of the lucky cat, loved around the world. At the same time, it takes its name from Satoshi Nakamoto, the creator of bitcoin. Inspired by Satoshi, the Cutoshi project aims to create an ecosystem focused on decentralization.

At its core will be the Cutoshi Multichain DEX. This decentralized exchange will aim to make it easier than ever for new traders to get into DeFi. Cutoshi will also provide a learning platform to help inexperienced traders enter the world of DeFi.

Accessibility is one of the main issues with DeFi adoption; Projects like Cutoshi can help attract more people to the industry. If they succeed, it will be a victory for decentralized technology as well as its users.

For more information about Cutoshi, visit the website.

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