November 11 Crypto Movements: Dogecoin’s Second $0.20 Retest of 2024 Signals Altcoin Market’s Rising Momentum
The cryptocurrency market craze is reaching its peak, as evidenced by the fact that popular altcoins, including Dogecoin (DOGE), have retested the $0.20 price zone for the second time in a single year since falling below this level sometime in 2021. In a similar vein, USDT transactions on the Ton Open Network (TON) had a recent surge, surpassing $1 billion in just six months. In the meantime, Cutoshi (CUTO), a quickly rising presale star, is attracting a lot of attention due to its unique MemeFi setting. The company’s current presale campaign has raised well over $700K. We will discuss these three developments in detail in the rest of the article.
Cutoshi Presale Crosses $700K Milestone with Strong Support for $CUTO Token
The Cutoshi farming and staking protocols offer additional layers of incentives for community members in addition to Cutoshi DEX, which enables P2P and cross-chain cryptocurrency trade. It’s interesting to note that more than 1300 people have already begun to make use of Cutoshi Farming’s earning potential since it launched.
The native $CUTO token powers the whole Cutoshi ecosystem because of its utility-backed concept. Because of its built-in scarcity, the CUTO token is intended to be self-sustaining even if it also functions as a deflationary token. With each CUTO token selling for just $0.0259 in the third stage of the presale, this distinctive feature has raised well over $700K for the project.
DOGE Retests $0.20 Zone as Momentum Builds Toward Year-to-Date High
Similar to the majority of popular altcoins, DOGE‘s price has increased noticeably in recent weeks. Notably, the price of DOGE peaked at about $0.21 after retesting the $0.20 price range earlier in the week. The recent price spike is the second time since 2021 that the DOGE price has attempted to surpass this critical threshold, even though it is getting close to its year-to-date ATH of $0.22. The weekly chart above shows that the DOGE token is presently trading between $0.16 and $0.19, which represents an increase of more than 22% over the last seven days and almost 80% over the last month.
USDT on TON Network Hits $1 Billion Milestone in Six Months, Boosting TON Price
A significant increase in USDT transactions on the network indicates that the Open Network’s (TON) collaboration with Tether is now paying off. According to reports, the amount of USDT on the TON Network increased dramatically just a few days ago, reaching over $1 billion in just six months. Even though this milestone indicates that the developing blockchain network has a great deal of room to grow, the price trajectory of TON is also affected. As can be seen in the chart below, the price of TONs has recovered from its lowest level at $4.54 and is currently trading between $4.88 and $4.92 per week.
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