CMC Key Trends Impacting Popular Meme Coins: Popcat, Blockdag And Cutoshi!
Despite the brief consolidation wave that hit the crypto market recently, the ‘Uptober’ hype has brought some vigor back to the crypto market. It’s that time of the year when analysts and traders pay close attention to crypto market metrics and price charts, and now the spotlight is on three select meme coins–Popcat (SOL), BlockDAG (BDAG), and Cutoshi (CUTO).
While each meme coin has unique price trajectories, CoinMarketCap data offers insights into how key trends affect their prospects and what investors can expect, especially in anticipation of the forthcoming bull run.
Has POPCAT Hit A Free Fall?
Since the POPCAT listing, the meme coin has steadily climbed to become one of the most popular meme coins in the crypto market. However, while the rest of the market shows bullish signals, Popcat (SOL) is doing the opposite, according to data from CoinMarketCap.
Source: CoinMarketCap
When the POPCAT price set a new all-time high just two days ago, it looked like the meme coin was set to join the ‘Uptober’ bull run party. However, Popcat (SOL) has lost 7.90% of its market cap. Although its 24-hour trading volume has spiked by 51.18%, its sharp 11.95% decline from its two-day-old ATH suggests that investors are dumping the meme coin.
The POPCAT coin price has lost 1.92% on weekly trends. If Popcat (SOL) bulls do now make a move to tilt the meme coin’s posture back to bullishness, its current daily 7.86% downtrend could escalate into a serious POPCAT price slump.
Blockdag's Impressive Presale: More Than Meets The Eye
The Blockdag (BDAG) blockchain has carved an identity for itself with its efficiency and security. Its testnet launched recently on September 20, and the project has been the highlight of many major crypto news since then.
As expected, there has been a lot of hype about Blockdag’s (BDAG) successful presale. The project has received over $90 million in investor funds. Although many analysts link it to how the Blockdag price has taken an impressive trajectory so far, certain metrics suggest there are others factors responsible for the growing interest.
Source: CoinMarketCap
Notably, the general crypto market cap has surged over the last month. The ‘Uptober’ hype has created a new wave of optimism in the crypto market, and even dormant investors have come back alive. Hence, impressive presale projects like Blockdag (BDAG) and Cutoshi will enjoy increased patronage.
Unpacking Cutoshi's Appeal
The Cutoshi (CUTO) project is gaining popularity across crypto circles, according to its presale data. The project has raised over $500,000 in just two stages of the presale, putting experts’ projection of a possible 100x surge into proper perspective.
Cutoshi adopts a more profound image by adopting the Chinese Lucky Cat. The Lucky Cat has a symbolic significance of good fortune. Secondly, Cutoshi takes a cue from Bitcoin’s creator, Satoshi Nakamoto, by aligning with his philosophy of freedom, prosperity, and security for the people. Both of these add up to why experts and investors are bullish on the meme coin.
Also, Cutoshi (CUTO) offers some interesting features in compliance with its community-centered approach. There is the Cutoshi DEX, where users can easily swap their tokens across different blockchains, and a Cutoshi Academy, where community members improve their knowledge of the Defi space.
The project will have a burn event where 7% of its 440,000,000 token supply will be burned. This could significantly set CUTO in motion for a 100x spike, as predicted by experts. The token is already in Stage 2 of its presale and is valued at $0.022, 47% up from its opening price.
The Crypto Market Awakens: Blockdag And Cutoshi Take Advantage
As POPCAT starts to trend downward, the renewed interest in the crypto market drives investors to Blockdag (BDAG) and Cutoshi (CUTO) presales. While Blockdag rides on the success of its blockchain, Cutoshi’s appeal is centered around its community focus and Defi-meme identity. The bull run is on the horizon, and investors are already spoiled for choice in the meme sector.
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