Meme coins are back in style, posting gains again. After an explosive start of the year, traders are looking to find the next big thing. Let’s look at some of the most popular meme coins on CoinMarketCap: Floki, WIF, and Cutoshi.
FLOKI Sees Incredible Year
Memecoin Floki is seeing significant growth this year, fuelled by the memecoin craze and notable developments. Floki grew 713.46% this year, outperforming most major tokens, including memecoins.
This growth put Floki at the 56th spot among crypto assets, with a market cap of an impressive $1.34 billion. At the same time, this also gives Floki a lot of space to grow as it increases its rankings. This is possible, thanks to its association with Elon Musk, as it takes its name from Musk’s dog.
Recently, Kutoshi announced a strategic partnership with Koma Inu. The partnership will include locking Koma Inu’s liquidity on FlokiFi, Floki’s DeFi platform, for one year. The founder of Koma Inu is active in the meme coin space and was one of the early investors in BabyDoge.
WIF Set To Break $3 Again
The viral meme coin DogWifHat (WIF) has seen gains recently and may be set for more. This year was exceptionally great for WIF, which was up 1499.91% since its launch in January. This growth saw WIF outperforming even Floki, and riding the wave of Solana-based meme coins.
Its recent performance has been strong as well. In just the last 30 days, WIF gained a remarkable 72.39%. What is more, it did not suffer the same correction that most other meme coins saw. Instead, WIF was consistently trending up, with just a few smaller corrections, which brought it to its current price of $2.69. This steady trend indicates that WIF is seeing momentum.
If the current trend continues, WIF could reach $3 in just one week. Traders that are bullish about WIF expect this move and are waiting to see where it can go from there. However, Solana memecoins seem to be losing a bit of steam, which means that WIF could also see its momentum dwindle.
Cutoshi Set For Major Gains
This Ethereum-based token blends meme coins with DeFi, offering real utility to its holders. It’s only in the early stages of presale, giving it the potential for 100x gains before listing to major exchanges.
Cutoshi is a token that’s inspired by the Chinese Lucky Cat and Satoshi. Therefore, Cutoshi brings luck to your wallet, while also working hard on building decentralized technology. Cutoshi is building a whole platform of DeFi applications. Its main DApp is a multichain DEX, which will enable anyone to trade without restrictions and with low fees.
Its ecosystem will also feature staking, token farming, NFTs, quest rewards, and even a learning platform. Critically, the whole ecosystem will be under the control of its users. For this reason, Cutoshi has real utility, unlike many meme coins, including Doge.
At its current presale price of just $0.022, Cutoshi is a potential 100x play for investors who get in early. The utility is there, and the token is set for major gains as it continues to gain traction.
Conclusion
Traders who missed out on Floki and WIF should check out Cutoshi. This viral meme coin has the potential to become huge, and it is still just in its early phase.
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