Dogecoin is back in the headlines after a 10% price surge, trading around $0.18 in the past 24 hours. The move comes despite Elon Musk announcing that he’ll be stepping back from his light-hearted role in the so-called “Department of Government Efficiency” (DOGE), a fictional nod to the coin’s acronym. Musk stated he plans to refocus on Tesla following a dip in company performance, signaling that his crypto involvement will decrease starting in May.
Yet, even with Musk pulling back, Dogecoin’s momentum hasn’t stalled. In fact, the price uptick suggests the meme coin may be beginning to hold its ground without leaning so heavily on external hype.
According to Coinglass, over $11.6 million in short positions were liquidated as bearish traders were caught off guard. Around 85% of those losses came from bets against Doge’s rise, highlighting just how quickly sentiment can shift.
But the story doesn’t end with Dogecoin. A rising competitor, Cutoshi, is steadily gaining attention for very different reasons.
Cutoshi: A Sub-$0.10 Challenger With Real-World Utility
While Dogecoin rallies on sentiment, Cutoshi is building momentum through product releases and investor confidence. The Ethereum-based memeFi project has raised over $2.2 million in its crypto presale and launched two key components of its ecosystem: a multi-chain wallet and a new token swap platform.
What sets Cutoshi apart is its focus on functionality. The Cutoshi Wallet, available now at cutoshiwallet.com, allows users to manage, stake, and exchange assets across more than 20 blockchains. It’s designed to appeal to both meme coin traders and DeFi users, aiming to become the best crypto wallet for meme coins and beyond.
Meanwhile, Cutoshi Swap takes a bold approach. It lets users trade tokens without connecting a wallet — a move that enhances privacy while simplifying the process for casual users. The platform supports a wide range of tokens and blockchains, all with no sign-up needed. Those interested can join the waitlist at cutoshiswap.com to be first in line when the dApp goes fully live.
Final Thoughts
Dogecoin’s latest price movement shows it’s still a force in the meme coin space, even as its connection to Musk fades. But for investors looking at utility as well as narrative, Cutoshi offers something different. With its dual-platform rollout, and growing ecosystem, this under $0.10 token is positioning itself not just as a rival — but as a serious contender in the memeFi market.
Discover More About Cutoshi:
Website: cutoshi.com
Twitter (X): @CutoshiToken
Telegram: t.me/Cutoshi