Dogecoin Price Rallies 30% For The Week, Gains Across The Board As Cutoshi Posts 46% Price Increase During Presale
The post Dogecoin Price Rallies 30% For The Week, Gains Across The Board As Cutoshi Posts 46% Price Increase During Presale appeared on BitcoinEthereumNews.com.
Dogecoin (DOGE) has entered a bullish channel and is on track to reclaim the $0.22 yearly peak by the end of 2024. Meanwhile, an emerging meme coin Cutoshi is capturing the attention of investors with its unique premise that could see it soar in the upcoming months, vastly outperforming major altcoins. Is Dogecoin Ready For The Next Leg Up? Dogecoin (DOGE) continues to hold the meme coin crown with its massive $19.8 billion market cap. Over the last few weeks, Dogecoin reclaimed and held the key $0.14 resistance, although selling pressure intensified just under $0.15, forcing Dogecoin to retrace and test lower levels. At press time, Dogecoin is selling for $0.135 with a 2.8% intraday decrease, while trading volume has remained relatively flat at around $1.4 billion worth of DOGE traded over the last 24 hours. Recently Dogecoin has announced a new upgrade of Dogebox, its decentralized utility layer. Dogebox 0.3.0 is set to significantly enhance transaction efficiency as it aims to boost the adoption of Dogecoin as a viable payment method. This upgrade will introduce SPV (Simplified Payment Verification) Node support which will allow for seamless transactions across the Dogecoin blockchain on low-resource devices. Users will have the opportunity to easily install and manage these nodes and the goal is to create a network of at least 10,000 nodes by 2025. Cutoshi Will Usher In The Rise Of Cat Memes Cutoshi pays tribute to the Lucky Cats of Japanese legends which are believed to bring good fortune and wealth to businesses and households. Cutoshi tokenizes good fortune and brings it to its community through its generous reward system and cutting-edge DeFi platform. Via CUTO DEX, Cutoshi ensures near-instantaneous transactions while bringing isolated blockchains into one place. At just 0.25% in fees, Cutoshi is set to be one of the…
Filed under: News - @ October 30, 2024 6:24 pm