Before the recent dump, Pepe Coin gained over 40% in a week; smart traders took the opportunity and made a good profit from the mini rally. They closed their positions after Pepe coin closed below $0.000011, and now they are moving booked gains into another potential opportunity.
Some traders who made a lot of money trading memecoins are shifting their funds partially to utility memecoin – Cutoshi (CUTO). CUTO is a rare utility memecoin with both utility and memecoin features.
Traders are investing in coins with better risk-to-reward ratios. As it is the first stage of the presale, Cutoshi (CUTO) is undervalued, and the risk is capped. Weakness in the broader market has made investors and traders look for new high-potential coins like Cutoshi.
PEPE Coin Bounces Off 50 Days Moving Average, Will It Be Able To Make A V-shaped Recovery?
Pepe has decreased by 15% in the last seven days after the profit booking on 29th September. Pepe coin made a recent swing high of $0.0000119, falling below the $0.000009 level. The major demand for the coin has come from the pullback to the 50-DMA. Pepe made an 8% green candle after touching the short-term moving average.
If Pepe coin proceeds for a V-shaped recovery, we might see the next resistance around $0.0000105 with the major resistance at the recent swing high. If it fails to sustain the current levels, $0.000008 and $0.0000065 are major support levels.
According to the relative strength index, PEPE trades in the middle of the overbought and oversold zones, indicating neutrality in the price action. PEPE price is recovering from the bearish crossover in MACD, but a further dip in the short-term moving average under the longer term will weaken the price.
Journalist Says Cutsohi (CUTO) Could Be The Next Multibagger Opportunity In Memecoin Space
The recent weak performance in memecoins has made investors anxious. This dull action in major memecoin like Dogecoin and PEPE Coin came after the money shifted towards utility coins. According to a recent report, there are a very small number of utility memecoins, which is the reason for the money outflow in the sector.
Cutoshi (CUTO) is a rare utility memecoin that mixes the fun and hype of a memecoin and the high potential growth of a utility coin. Cutoshi is built on the core principles of decentralization, privacy, and financial freedom, inspired by Satoshi Nakamoto’s vision for blockchain.
The platform will drive a full DeFi ecosystem centered on decentralization. It features a DEX with minimal fees and no restrictions, promoting true peer-to-peer (P2P) trading. The DEX avoids the centralized model used by traditional exchanges, allowing users to swap tokens freely.
Cutoshi also introduces a gamified farming system where users complete quests and challenges to earn rewards, making yield farming more engaging and fun. This unique approach encourages more people to participate in DeFi.
Investing in early presale phases often offers the best return opportunities. With its aim to make DeFi accessible to all, Cutoshi is poised to attract new investors and is expected to drive prices higher in the coming months. Investors can buy CUTO for $0.015 in the presale, and with its deflationary model and strong potential, a 120x price surge by 2025 seems within reach.
For more information on the Cutoshi (CUTO) Presale:
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https://twitter.com/CutoshiToken
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
