2024-11-13 16:00 |
The meme coin space is tilting towards an upswing in November as many meme coins are showing bullish tendencies. Dogecoin is leading the way with a massive price surge in the past week, with investors optimistic that this popular meme coin will explode this month.
While Floki’s price surge isn’t as massive as Dogecoin, its gains in the past 7 days is no mean feat. Despite the positive trajectory of these two meme coins, Cutoshi also shows promise.
Cutoshi, A Potential Leader In The Memecoin MarketCutoshi (CUTO) came into the meme coin space with a strategy and a plan to become a major force on the blockchain. While other meme coins such as Bonk and Popcat use social media hype to attract people, Cutoshi offers genuine use cases.
This project leverages the principle of the Lucky Cat to spread wealth, prosperity, and financial freedom. The Cutoshi ecosystem hosts a multi-chain DEX exchange that allows users to swap cryptos on-chain.
Cutoshi Farming is now live; those who participate are rewarded with cutopoints, which can be redeemed for CUTO tokens when the token launches. Already, over 1,500 users have begun farming and earning.
Outside of the farming mechanism, the CUTO token is used for transactions on the academy, an educational platform designed to teach people about various aspects of the crypto and DeFi market.
Dogecoin Price To Witness Potential Gains SoonThe recent Dogecoin (DOGE) price rally has increased many investors’ expectations. Based on the CoinMarketCap report, Dogecoin’s price has gained 200% in the past month and 75% in the past week. Having surpassed $0.20 in the past few days, the next rally could push the DOGE price towards $0.40.
Meanwhile, Ali Charts, while looking at the Dogecoin price chart, observed that DOGE is consolidating within a descending triangle. Ali thinks that a break above the $0.3616 resistance could spark a move to $0.40. Following the historical Dogecoin chart, Ali thinks that November could spark a parabolic bull run for the meme coin.
Dogecoin has witnessed 18 green days in the past month and shows bullish sentiment. The coin trades above the 50-day SMA and 200-day SMA as per Tradingview data, with over 20 technical indicators flashing buy signals. If Dogecoin bulls continue to show support, a price surge to $0.5 is possible this month.
Floki Coin Poised For 200% Bull RunAlthough Floki has been in the consolidation zone for some weeks, the coin is slowly showing an upward trend. Crypto expert World of Charts observed that Floki could be ready for a bullish wave soon. Based on the analysis, Floki crypto is consolidating within a tight bullish pennant range, and a successful breakout could trigger a 200% bullish wave in the coming days.
Source: World of Charts on X
According to CoinMarketCap stats, Floki’s price has gained 356% in the past year with 7% rallies in the past month. Also, the Floki market cap has hit $1.37B, with the daily trading volume surging to over $225M.
The Floki technical analysis is however giving a mixed signal with a neutral market sentiment. Meanwhile, the price volatility is 6%, while the RSI is 50, a signal of bullish sentiment. In their Floki price prediction for November, Coincodex projects the Floki token to rise to $0.00046.
Which Memecoins Could Experience A Price Boom In November?With Trump winning the US presidential election, meme coins are back on investors’ watch lists, with coins like Cutoshi backed to lead the upcoming bull season. While Dogecoin and Floki are attracting the attention of top investors, Cutoshi’s robust ecosystem has made it investor’s favorite. With the recent CMC listing, CUTO could hit 50x sooner than anticipated.
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The post Dogecoin Price Could Skyrocket With Analysts Bullish On Meme Coins, Floki And Cutoshi Could See Significant Price Jumps For November appeared first on CaptainAltcoin.
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