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Memecoin mania is back, as coins are gradually recovering after struggling with the bear trend for the past weeks. February could be the breakout month for top meme coins like Pepe and Shiba Inu, with both cryptos displaying bullish price movement, which is leading to positive price projections.
Despite the hype of these meme coins, investors' sights are on a hot presale star making waves in the market. Cutoshi (CUTO), an Ethereum-based meme coin, offers real utility that other meme coins don't have. With the current momentum, traders have predicted the CUTO price to hit $1 within weeks of launching as more people use the decentralized exchange.
Pepe (PEPE) is one of the top meme coins in the industry, with a market cap of over $5B. However, the meme coin has been struggling since hitting an ATH of $0.00002825 on December 9, 2024. Crypto Zeus, a trader, remains bullish about the coin. The analyst claims that with big bullish signals coming out of the recent US FOMC meeting, 2025 will be a good year for the Pepe coin.
Meanwhile, Pepe crypto suffered a 32% decline in the past month and 14% in the past week, based on CoinMarketCap stats. However, the altcoin has gained 3% in the past 24 hours as it moves to retest the $0.000015 resistance zone. Although the surging Pepe trading volume could signal the start of another bullish momentum, a quick look at the market indicators shows that Pepe's market sentiment remains bearish.
Currently, Pepe trades below the 50-day and 200-day as per Tradingview, with a price volatility of 14%. However, if the Pepe coin price is able to flip the next resistance at $0.000015, it could retest the ATH in February. It is one of the best meme coins for investors looking for long-term profits.
Shiba Inu (SHIB) has been able to move past the $0.00001800 key resistance zone, eyeing the $0.00001883 resistance level. Shib Spain, a prominent trader, claims the Shiba Inu coin is holding strong at the $0.000018 level. The analyst states that, based on the price chart, the memecoin is getting ready for a potential bullish reversal.
The official website that monitors the Shiba Inu token burn rate Shibburn data shows over 12m SHIB tokens have been burnt in the past 24 hours, which might kick start another round of bullish momentum. According to CoinMarketCap, Shiba Inu’s price has increased by slightly 1% in the past 24 hours with the market cap hovering around $11B.
Shiba Inu only recorded 13 green days in the past month, with price volatility at 7%. The Shiba Inu crypto 14-day RSI shows 34, suggesting it is not in the overbought zone. Considering the current market trends, Coincodex in their Shiba Inu price prediction forecasts a slight 1% decline in the short term.
Memecoins are known to thrive mainly on hype and social media attention; however, Cutoshi (CUTO) is changing the narrative by launching a project that combines fun memes with real utility. Following the teachings of Bitcoin founder Satoshi Nakamoto, Cutoshi is developing an ecosystem that embodies the values of decentralization, privacy, and monetary freedom.
At the heart of the project is Cutoshi DEX, a multi-chain exchange that allows users to swap digital assets across other blockchain networks. The main aim is to promote privacy and financial freedom while increasing DeFi participation among the masses. In essence, Cutoshi wants individuals to prosper and not just institutions.
It is not a project for companies like Blackrock to control; rather, it wants to give power to the people. Inspired by the traditional Chinese Lucky Cat known for its lucky powers, Cutoshi wants to bring luck, wealth, and prosperity to investors' digital assets. The farming mechanism is designed to reward users for completing small tasks, while the academy promotes DeFi literacy among the masses.
In no time, Cutoshi has raised over $1.6M in presale, signaling keen interest in the project. With the rising adoption, traders tip the CUTO price to reach $1 in 2025. This makes it one of the best altcoins to buy and HODL for future gains.
Memecoins still remain valuable crypto options despite their volatile nature. Pepe and Shiba Inu are good choices for investors seeking cheap meme coins with the potential for massive rallies in the coming months. But for investors looking for meme coins with real utility, Cutoshi remains a better option. The DEX is likely to boost its adoption. Given the utilities of the CUTO token in the exchange, its value will rise soon. This makes it a good crypto to buy today.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
