The recent market correction has hit some tokens more than others. Pepe and Bonk are among those that have seen declines. However, experts see the latest dips as a buying opportunity. Moreover, new altcoin Cutoshi is set for a new price increase this week.
Who Let The Bonk Dip
Bonk, the biggest meme coin on Solana, saw significant gains this month. Trading at $0.000042, the token saw a 120% increase in price in November. This was after a rollercoaster performance in the past few months. However, Trump’s victory in the election cemented its upward increase, together with most of the crypto market.
With Bitcoin price trending over $90.000 for the past month, Bonk reached its all-time high of $0.000053 in mid-November. Since then, its price corrected, leading some analysts to suggest a buying opportunity.
At this point, analysts believe the next target for Bonk will be above $0.00007. However, this will depend on where the crypto market will be trending in the near future. Still, the outlook is currently positive, which is good for Bonk’s chances.
Pepe The Meme King
Pepe recently secured a position among the meme coin giants, holding third place after Dogecoin and Shiba Inu. It saw almost a 120% increase in price in November, currently trading at $0.00002.
Recently launched on BitPoint Japan as the first licensed meme coin, it has captured the attention of Japanese traders. Consequently, its price jumped too. It hit an all-time high in mid-November, at $0.000023. However, after the peak, it slightly dipped.
Currently, its price is stabilizing at around $0.00002, with no obvious turns upward or downward. But knowing that Trump won the election and Musk is backing Trump, the crypto market could definitely have an upward direction.
In general, investors love Pepe. Some analysts are saying it will hit $0.0000375 by the end of the year. If Bitcoin reaches $100k, a price spike is likely.
Cutoshi The Perfect Contender
While Pepe and Bonk are seeing dips in activity, a new meme coin is attracting attention. Cutoshi, with a Chinese Lucky Cat as its mascot, steadily raised $1.2 million in its presale.
The token is attracting attention thanks to its blend of memes and DeFi. This unique approach aims to make investors excited about DeFi. It also made Cutoshi trend on X, after it raised $1 million in investments in mid-November.
Cutoshi will use these investments to build a complete DeFi ecosystem, run by its community. Its goal is to create a system where traders will be able to trade without any restrictions. Its multi-chain DEX will offer secure and seamless token swaps, helping attract new traders. It is also investing in a learning platform to help new traders.
With the crypto markets in a bullish phase, this is a great opportunity for new investors to learn about DeFi. Thanks to its focus on making DeFi accessible, Cutoshi could be a project that helps make this happen.
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