Significant market fluctuations have begun in the world of cryptocurrencies. Dogwifhat faces significant pressure, while Bonk shows signs of recovery. Let's take a closer look at the current developments.
Current Dogwifhat Situation
The Dogwifhat (WIF) meme coin has been under pressure for weeks, with its price plummeting by 33% in the past 30 days. From a December high of $4, it has dropped to $1.20. CoinMarketCap data indicates that Dogwifhat trading volume has also declined by 57% in the past 24 hours, indicating bearish sentiment. Analysts suggest that the token must break out of the $1.60 resistance zone to confirm any potential rally.
Bonk Whale Purchases Impact
Since reaching an all-time high of $0.00005916 in November 2024, Bonk's price has fallen by 57%. However, recent whale purchases have sparked speculation of a potential rally. According to CoinMarketCap, Bonk's price has dropped by 20% in the past 7 days. Analysts note that Bonk’s reaction to the 78.6% Fibonacci retracement is weak; bulls need to take control for the trend to reverse.
Cutoshi’s Prospects for 2025
Cutoshi (CUTO) is a new presale token showing impressive growth. With a capped supply of 440 million tokens, analysts predict its price could reach $1 by 2025. Cutoshi combines DeFi and entertainment elements, offering users ample trading and educational opportunities.
The meme coin market is experiencing turbulent times, with mixed prospects for different tokens. Cutoshi, with its unique offering and supply constraints, may emerge as a leader by 2025.
