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Dogecoin eyes $1 as Arthur Hayes, Ali Martinez, and Elon Musk drive crypto momentum, while Cutoshi’s $1m presale signals altcoin boom.
As Elon Musk brings DOGE to new heights, Bitmex Founder Arthur Hayes predicts that Dogecoin could go to $1 by the year end and BTC to reach $250k by the end of 2025. A new utility-based altcoin, Cutoshi, in the third stage of the presale, has raised over $1 million in funding and is poised to launch in the middle of a bull run.
Ali Martinez predicts breakout as DOGE eyes $1 target
If you’ve been in crypto for a while, you’ll know that the market is heating up when mainstream news outlets like Al Jazeera are reporting on DOGE. However, the article concerns the supposed government agency that Musk will allegedly be heading, named ‘Department of Government Efficiency (DOGE).
Either way, this news is making Musk relevant to crypto, especially Dogecoin. Musk is famous for moving the price of DOGE via tweets, including pictures of his dog, to temporarily replacing the (now former) Twitter logo with the DOGE logo.
Traders stopped caring at some point, but upon the rumors of the new department, the coin has shot up.
While DOGE is currently trading at $0.37, down by about 48% from its all-time high, Musk’s tweets added to the optimism of the continuing bull run and could well bring retail and institutional investors into crypto, making Hayes’ price prediction a pretty likely possibility.
Famous trader and analyst Ali Martinez recently predicted that if DOGE can hold the current level of $0.37, he expects a breakout to $0.82.
Early black Friday deals for altcoin investors
Ali Martinez has been posting a lot today, telling traders that Black Friday has come early and that this could be a good entry point for altcoins, given the market retracement over the last 24 hours.
That’s partly because even if BTC reaches Hayes’ prediction of $250,000k, that’s still just a 170% profit. For TradFi that’s an amazing return, but for crypto, it is just a fraction of what smaller-cap coins can achieve.
A new coin that blends memes and DeFi is already up 72% in its presale. This comes after having hit a $1 million milestone in fundraising. The coin, which is the native token of the upcoming Cutoshi ecosystem, will continue to rise throughout the 10-stage presale. The coin is currently in stage 3, with over 82% sold out.
At this point, if investors feel bullish about the memeFi project, the coin could easily do thousands of percent in gains, just like memeFi coins like Shiba Inu have done, or DeFi coins like Chainlink.
Like Dogecoin, Cutoshi leans on the power of memes to attract people. But unlike Dogecoin, a feature-rich ecosystem lies beneath, meaning that the coin is powered by more than Musk’s latest whims. A dex with low fees and interoperability, plus a learning academy to help people transition to the wider concept of DeFi are just two of the features attracting a lot of attention from investors.
Speaking of Musk, (who recently teased a potential crypto integration feature on X), it seems the community support is behind Cutoshi, as CUTO keeps trending on X and the project keeps raising more money.
To learn more about Cutoshi, visit the website.
Join and become a community member on Twitter and Telegram.
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