The meme coin market cap has dropped from $116B in the middle of January to $91B at the time of writing, pushing top meme coins into the bear market. The Dogwifhat price has dropped significantly after failing to break through the crucial $1.40 resistance zone in the past few days. However, Bonk is showing signs of a resurgence.
Cutoshi (CUTO), the new presale token, has gained 106% as whales continue to accumulate the DeFi coin. Driven by a multi-chain DEX that allows for the swapping of cryptos across different blockchains, Cutoshi is seen as the next 100x Ethereum-based meme coin. With the limited 440M total supply, analysts expect the CUTO price to hit $1 in 2025.
Dogwifhat Price Analysis — Can WIF Rebound Above $1.50 in February?
Dogwifhat (WIF) coin has been facing bearish pressure in the past weeks, with its price plummeting by 33% in the past 30 days. This has seen the Dogwifhat price drop from $4 December high to $1.20 at the time of writing. CoinMarketCap data shows that WIF trading volume has also declined by 57% in the past 24 hours, signalling bearish sentiment.
Crypto analyst TheCryptomist suggests that the Dogwifhat token might be primed for another bullish rally. However, to confirm that, the meme coin has to break out of the $1.60 resistance zone. CryptoBull360 thinks that a breakout above $1.35 could trigger a rally to $2.20. However, a failure might see it bounce back to the $1.0 mark.
Looking at how meme coins have been struggling, it will be wise to watch out for key breakout levels before entering trades. The technical analysis shows that Dogwifhat crypto only recorded 13 green days in the past month, with over 18 indicators negative. However, if it is able to establish support above $1.35, it will likely retest $1.5 and $2.0 in the coming days.
Whale’s Acquisition of BONK Tokens Sparks Recovery Speculations
Since reaching an all-time high of $0.00005916 on November 20, 2024, the Bonk price has slumped by more than 57%. Meanwhile, despite the current dip, a Bonk whale has bought more than $18m worth of Bonk coins, as per Whale Watcher, fueling speculation of an upcoming rally.
According to CoinMarketCap, the Bonk crypto price is down by 20% in the past 7 days. Also, the Bonk trading volume has witnessed a massive drop as investors move to promising meme coins like Cutoshi, which is making waves across the market. Reacting to the Bonk coin price movement, Man of Bitcoin, a crypto analyst, is preaching caution.
The analyst notes that Bonk’s reaction to the 78.6% Fib retracement isn’t strong. As such, the bulls need to take control for the meme coin to witness a reversal. Bonk’s recent dip is also not new as other top meme coins are struggling. Although the Bonk market sentiment is bearish, the news of a possible Bonk ETF approval might boost its adoption in the year.
Is a $1 Price Target Realistic for Cutoshi in 2025?
Cutoshi (CUTO) is one of the meme coin titans that has witnessed massive growth in the face of the meme coin market dip. As one of the trending presale tokens, the CUTO price has surged by over 100% in the past few weeks, giving early buyers over 106% ROI. The Cutoshi token has a strict supply of 440M, of which 55%, representing 242M, is allocated for presale and 7% for burning events.
This strict supply has triggered a massive buying frenzy as investors rush to accumulate the token before the listing on a major exchange. Analysts who have reviewed the project think that the CUTO price might hit $1 upon listing, an over 3,125% increase from the current price of $0.031. As such, Cutoshi is the best meme coin to buy for long-term profits.
As an Ethereum-based meme coin, Cutoshi combines fun meme and DeFi features, distinguishing it from other meme coins like Bonk, which thrive on hype and speculation. Cutoshi houses a multi-chain DEX, educational platform, and farming mechanism, opening the door for numerous trading opportunities and enhancing users’ knowledge of the DeFi industry.
Cutoshi is a project that follows key DeFi principles of decentralization and financial freedom, which is Satoshi Nakamoto’s original vision for blockchain technology. As such, Cutoshi aims to bring DeFi closer to the masses. Its focus on privacy removes government or institutional control. With its quest for financial freedom, Cutoshi’s adoption is likely to grow rapidly, making it one of the best altcoins to invest in Q1.
Top Memecoin Picks for 2025 Market Rally
Although there is a high possibility of Dogwifhat and Bonk token rebounding, they might not match the growth potential of Cutoshi. Cutoshi is a project that goes beyond the traditional pump-and-dump meme coins. It has real-world utility with a farming protocol that rewards active community members for completing quests. The DEX allows for the swapping of assets across different blockchains. All these make CUTO a meme coin titan not to miss now.
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The post Meme Coin Mania: Dogwifht Dips As Bonk Shows Signs of a Resurgence, New Meme Token Gains 106% As Whale FOMO Escalates appeared first on ETHNews.
