As October unfolds, crypto investors are gearing up for another end-of-year bullish quarter. With the meme coin narrative being the biggest gainer of 2024, naturally many investors look for old and new tokens that could produce significant gains. These are the three tokens analysts are predicting strong rallies for.
Dogecoin (DOGE): The Original Meme Coin Powerhouse
The original meme, with famous supporters like Elon Musk, retains its position in the top 10 cryptocurrencies. Dogecoin has seen many price swings led by social media hype and speculation. Currently standing at 10 cents with an RSI of 44 it seems to be at a good position. The oscillators and moving averages are currently showing a sell signal, indicating there could be a small drop before the rally.
Dogecoin is currently retesting the descending trendline, once it breaks out the rally should begin. The key resistance stands at $0.11. DOGE has grown by 90% in 2017 and 180% in 2021 following a MACD bullish crossover which seems to be forming now. What is more, Volume is increasing as Dogecoin saw its largest number of active addresses in the past six months, at 84,306.
Major short positions have also been liquidated when DOGE hit $0.1032. As the crypto market tumbled a bit following Iran’s strikes on Israel, Dogecoin displayed strength. If it manages to hold and break the resistance there’s going to be organic growth. The biggest hype narrative here apart from organic movement is the potential integration with Elon Musk’s X platform. However, some call this unlikely.
Turbo (TURBO): A New Contender in the Meme Coin Space
Turbo (TURBO) was created by its founder through GPT-4 with a budget of only $69. It currently stands at $0.00478 with a 26% dip in the last 7 days. However, it maintains a 35% growth in the last 30 days and a remarkable 6466% growth in the last year. With a $300 million market cap, Turbo certainly has room for expansion.
Given the bloodbath in the crypto market following the Middle East tensions, the oscillators and moving averages aren’t positive. However, with an RSI of 44 and a bullish community, we could see growth as soon as the tensions become old news.
Cutoshi (CUTO): The Utility Meme Coin Set for a Breakout
Unlike Dogecoin with a huge $15 billion market cap and Turbo with its $300 million, CUTO is a completely new token. This utility meme coin is in its presale stage and has much more room for expansion. That’s why investors looking for huge gains are flocking to it.
Cutoshi is not a mere meme coin like Turbo. It includes a decentralized multi-chain exchange, token farming, and an educational platform to increase DeFi participation.
With a fixed supply of just 440 million tokens, a price target of $1 is completely realistic. What is more, a portion of the DEX fee will go to token buybacks and burns. This decreases the supply therefore making the token scarce and deflationary.
This is why analysts are predicting up to 50% price gains in the next stages of the presale. Moreover, at its presale price of $0,015, the token has 100x potential once it lists on major exchanges.
For more information on the Cutoshi (CUTO) Presale:
https://cutoshi.com
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
