A buying opportunity? Price of new DeFi Altcoin expected to rise again this week

The recent market correction has affected some tokens more than others. Pepe and Bonk are among those who have seen a decline. However, experts view the latest declines as a buying opportunity. Additionally, the new altcoin Cutoshi is expected to see another price increase this week.

Who left the Bonk soaking

Bonk, the biggest meme coin on Solana, saw significant gains this month. Trading at $0.000042, the token’s price saw a 120% increase in November. This was after a rollercoaster performance over the past few months. However, Trump’s election victory cemented his rise, along with most of the crypto market.

As the price of Bitcoin surpassed $90,000 over the past month, Bonk reached its all-time high of $0.000053 in mid-November. Its price has since corrected, leading some analysts to suggest a buying opportunity.

At this point, analysts believe Bonk’s next target will be above $0.00007. However, this will depend on how the crypto market develops in the near future. Nonetheless, the outlook is currently positive, which is good for Bonk’s chances.

Pepe the king of memes

Pepe has recently secured a position among the coin giants, occupying third place after Dogecoin and Shiba Inu. Its price saw an increase of almost 120% in November, currently trading at $0.00002.

Recently launched on BitPoint Japan as the first licensed coin, it has attracted the attention of Japanese traders. Therefore, its price has also jumped. It reached an all-time high in mid-November, at $0.000023. However, after the peak, it declined slightly.

Currently, its price is stabilizing around $0.00002, with no obvious rise or fall. But knowing that Trump won the election and Musk supports Trump, the crypto market could definitely take an upward direction.

In general, investors love Pepe. Some analysts estimate that it will reach $0.0000375 by the end of the year. If Bitcoin hits $100,000, a price surge is likely.

Cutoshi the perfect candidate

As Pepe and Bonk notice a drop in activity, a new meme piece is attracting attention. Cutoshi, with a Chinese lucky cat as its mascot, has steadily raised $1.2 million during its presale.

The token is attracting attention thanks to its mix of memes and DeFi. This unique approach aims to get investors excited about DeFi. This also made Cutoshi trend onafter raising $1 million in investments in mid-November.

Cutoshi will use these investments to build a complete DeFi ecosystem, managed by its community. Its goal is to create a system in which traders will be able to trade without any restrictions. Its multi-chain DEX will offer secure and transparent token trading, helping to attract new traders. It is also investing in a learning platform to help new traders.

While crypto markets are in a bullish phase, this is a great opportunity for new investors to learn about DeFi. With its goal of making DeFi accessible, Cutoshi could be a project that helps achieve this.

For more information on the Cutoshi (CUTO) presale:

Website

Join and become a member of the community:

Twitter

Telegram

Disclaimer: This press release article is provided by the Client. Customer is solely responsible for the content, quality, accuracy, products, advertising or other materials on this page. Readers should conduct their own research before taking any action related to the material available on this page. The Crypto Basic is not responsible for the accuracy of the information or any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on any information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.