Cutoshi Emerges as Dogecoin's Rising Competitor, Targeting the MemeFi Market With Real-World Utility

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.

Dogecoin (CRYPTO: DOGE) is back in the headlines after a 10% price surge saw the meme coin trade up around 10% in the past 24 hours to reach $0.18.

This move comes despite Elon Musk announcing he’ll be stepping back from his light-hearted role in the “Department of Government Efficiency”—a fictional nod to the coin’s acronym—to focus on Tesla following a dip in company performance. That will likely see less direct crypto involvement from May onwards.

Yet, even with Musk pulling back, Dogecoin’s momentum hasn’output: t stalled. In fact, the price uptick suggests the meme coin may be beginning to hold its own without so heavily relying on external hype.

According to blockchain data analytics firm 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 (CRYPTO: CUTS), 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 interest in its Ethereum-based memeFi project. Cutoshi has now 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, enables 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 unique approach. It allows users to trade tokens without connecting a wallet—a move that enhances privacy and simplifies the process for casual users. The platform supports a wide range of tokens and blockchains, all without any signup required.

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 presence in the meme coin sphere, even as its connection to Musk lessens. 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