With October nearing its end, several cryptocurrencies are showing great promise. Majors like Shiba Inu (SHIB) and Fantom (FTM), for example, have entered ascending channels, capturing the attention of investors.
There also is another contender that has recently emerged and is already making waves by merging meme culture with an impressive DeFi framework; Cutoshi.
Shiba Inu Is Gearing Up For A Major Breakout
As buying pressure builds up, Shiba Inu (SHIB) could be in for a breakout above the $0.00021 mark. Shiba Inu has already breached this resistance level twice in late September, but the momentum quickly waned and a rejection followed. Today Shiba Inu sells for $0.000018, a 2.7% 24-hour decrease.
Recently, Shiba Inu announced the imminent launch of Shiba’s DAO and foundation. This initiative aims to enhance Shiba Inu’s decentralization and allow the community to play a more central role in the governance process.
Fantom’s Path To $1
When zooming out on the Fantom (FTM) chart, it’s quite obvious that the project is ready for a massive move to the upside. Currently, Fantom is trending above the 50-day and 200-day simple moving averages. This indicates a strong ascending trend, while Fantom holders’ sentiment is 90% bullish according to CoinMarketCap.
At press time, Fantom is priced at $0.72 with a 2.9% decrease over the last 24 hours. According to analyst AMCrypto, Fantom will likely consolidate around this mark before the next leg up that could take its price above the $1 mark. But for this bullish thesis to be confirmed, Fantom must reclaim and hold the crucial $0.75 level soon.
Cutoshi Could Take Everyone By Surprise
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Cutoshi brings a unique blend of meme energy and DeFi utility to the table. With this intriguing blend, the project wants to change the narrative around meme coins not having any utility.
Chinese Lucky Cats bring good fortune to businesses, whilst Cutoshi brings good fortune to the blockchain and the rapidly growing user base.
$CUTO DEX is at the heart of the Cutoshi ecosystem. This is a state-of-the-art cross-chain exchange that allows for lightning-quick transactions with just 0.25% in trading fees. Cutoshi also offers a unique opportunity for users to earn additional income via the Cutoshi Farming initiative. Staking the $CUTO token on the platform will allow holders to receive substantial rewards. Moreover, they will also be able to complete various tasks and missions which will yield points that can be redeemed for more $CUTO tokens.
One of Cutoshi’s most interesting features is the Cutoshi Academy. This is an educational platform aimed at simplifying key crypto concepts such as DeFi whilst assisting new investors in building profitable portfolios. This feature alone showcases Cutoshi’s commitment to bring crypto to the masses and helping newcomers avoid the typical beginner pitfalls.
With over $500,000 raised so far, the $CUTO presale is in its second stage and tokens sell for just $0.022. By leveraging the meme coin narrative and providing a 360 degree DeFi experience, a huge price rise is a plausible prediction, especially when looking at the historical performance of old guard meme coins such as Dogecoin and Shiba Inu.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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