To capitalize on this, experts have selected three meme coins that could perform well in Q4. Cutoshi, Floki, and Book of Meme are the top tokens on investors’ watchlists.
Three meme coins that could perform well in Q4 are Cutoshi, Floki, and Book of Meme.
Cutoshi is a non-custodial multichain DEX protocol that offers practical utilities. It is designed to bring DeFi closer to the masses. The protocol allows users to swap digital assets securely across different blockchains, following Satoshi Nakamoto's principles of privacy and decentralization.
In addition to the DEX, Cutoshi is also developing a farming mechanism to reward users who participate in quests. The project also includes an educational platform to enhance users' understanding of DeFi and cryptocurrency.
Cutoshi is currently listed on Coinmarketcap, and its presale is ongoing. Investors can buy CUTO, the utility token, for just $0.022.
Given CUTO's massive utility in the ecosystem and the limited total supply, analysts believe it could hit 50x in 2024.
Floki Inu is another meme coin that could perform well in Q4. The coin has been trading sideways for weeks, but it is showing signs of a major breakout after Bitcoin crossed the crucial $68K mark.
According to CoinMarketCap, Floki's price has increased by 10% in the past week, and its daily trading volume is over $200M.
In a recent analysis on X, crypto analyst Rose Premium Signals noticed that Floki Inu is displaying a falling wedge pattern on the 1D timeframe. If it breaks out of the upper trendline, a strong bullish rally might commence, pushing the Floki price towards the $0.00024 mark.
However, Floki Inu's price is giving mixed signals, and the market sentiment remains neutral. It has recorded 16 green days in the past month, and its price volatility is 8%.
With Bitcoin setting the stage for a bullish season, and considering that Floki's price has already appreciated by 2000% in 2023, it is likely that Floki's price will explode soon.
In their Floki price prediction, Coincodex forecasts a 225% jump in the coming weeks.
The recent upswings have led to Book Of Meme breaking out of the descending triangle it has been stuck in for months. For Crypto Bull 360, an analyst on X, the Book Of Meme price looks set to witness up to 150-170% bullish rally.
According to the analyst, meme coins are back with Solana coins BOME and WIF set for an upswing.
However, the Book Of Meme chart on Tradingview shows it needs to break the resistance levels of $0.01029 and $0.01080 to trigger a massive uptrend.
Although the BOME price is trading above the 50-day SMA, the bulls need to do more to push it above these resistance levels
A further look at the BOME price chart shows the RSI in both the daily and 4-hour timeframes is nearing the overbought zone, which could lead to a slight correction. This is also confirmed by the declining BOME trading volume.
However, with the over 900% gains in the YTD price metrics, BOME remains one of the cryptos to watch in Q4.
The above is the detailed content of Cutoshi (CUTO) Presale Performance Signals Potential To Surpass Floki And BOME In Q4. For more information, please follow other related articles on the PHP Chinese website!
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