The cryptocurrency market traded sideways for the first half of October, affected by political tension in the Middle East. However, it is showing signs of recovery, with many cryptos on the uptrend. Solana, the Ethereum killer, is showing signs of a massive upswing, having surpassed a key resistance trendline, sparking optimism among investors.
Meanwhile, Cutoshi’s ongoing presale has continued to garner momentum triggered by its unique ecosystem, which comes with a multichain DEX that will allow for easy asset swapping across various blockchains. With close to $500K raised within a short time frame, notable crypto enthusiasts project 100x rallies in the coming months.
Cutoshi’s Deflationary Mechanism Makes It the Next 100x Meme Coin
Cutoshi is a project that follows the core DeFi principles of privacy, freedom, anonymity and monetary empowerment for the masses. By blending these functionalities with a fun meme coin, Cutoshi is creating an ecosystem where community comes first. To achieve this, Cutoshi is developing a farming protocol that rewards users for participating in the community.
Another notable feature of the ecosystem is Cutoshi multi-chain DEX, which allows for easy swapping of assets across various blockchains, removing the need to connect a wallet while saving people time and money. Also, there is Cutoshi University, where users can broaden their knowledge of DeFi and the cryptocurrency market, boosting the platform’s adoption.
At the ongoing stage 2 of the presale, CUTO is sold for just $0.022. Notably, the token is deflationary, with 7% of the 440M total supply allocated for the burning event. Overall, with the limited supply, analysts believe it is the next 100x meme coin.
Solana Price Prediction – Is SOL On Course To Retest The $180 Mark?
Having struggled to break out of the consolidation zone for weeks, the Solana price is about to witness a major rally. Solana CoinMarketCap data shows the altcoin has gained 11% in the past week with $2B in daily trading activity. Also, the Solana market cap is heading towards the $75B mark as the SOL price looks set to break the $152 major resistance trendline.
Meanwhile, crypto analyst Quenn believes that once Solana breaks the next resistance, the altcoin price could set a net ATH as high as $230. Also, the popular crypto prediction site Coincodex is bullish, with a short-term Solana price prediction of $167. With the 14-day RSI at 58, not yet in the overbought zone, Solana’s price could head to the moon soon.
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Source: Queen in X
According to Tradingview data, Solana has recently flipped the 50-day and 200-day EMA on both the daily and 4-hour timeframes, a sign that points towards an extended bull rally. The Solana market sentiment is bullish, with 28 key market indicators bullish. Records show that Solana is always bullish in October. As such, if the rally continues, the SOL price could hit $180 soon.
Which Of The Crypto Coins Will Hit 100x Faster?
Records show that meme coins witness massive pumps faster than other altcoins. While a 100x rally might not be possible for Solana, Cutoshi could surge by 100x in the coming months, given that the project is still in the nascent stage. With the robust ecosystem, CUTO could hit $1 sooner than anticipated.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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