Toncoin (TON) and Kaspa (KAS) have both showcased record breaking performances this year, with both reaching their ATHs. As a result, investors are positive that these top altcoins can mirror exponential growth in October and the rest of Q4.
Meanwhile, a new Ethereum-based meme coin, Cutoshi (CUTO) has pulled a huge amount of attention in the presale market. In light of its vast DeFi potential, this meme coin entrant has experts wondering if Cutoshi can climb up the DeFi coins ranks.
Cutoshi Gains Widespread Attention To Its Distinct Hybrid MemeFi Ecosystem
Barely a month into its presale debut, Cutoshi (CUTO) has pulled nearly $500k in funding, which positioned it as the center of attention. This new meme coin project essentially functions as a hybrid MemeFi platform considering its DeFi integration. Notably, Cutoshi houses a DEX platform for swapping of crypto assets across separate blockchains as well as a staking protocol.
In addition, Cutoshi has a token farming mechanism where users can earn extra tokens alongside complementary NFTs and Merchs by partaking in specific quests. While this presents Cutoshi as a lucrative platform, its deflationary token, $CUTO, ensures long-term growth for the meme coin project. With its buyback and burn system, $CUTO token is designed to gradually increase in value over time.
Furthermore, Cutoshi houses a DeFi learning hub designed to spread the knowledge of DeFi while eliminating financial illiteracy. This strong move is sure to boost Cutoshi’s growth as a hybrid meme coin. With greater recognition among top DeFi coins, the native $CUTO token can potentially surpass the likes of Bonk and Shiba Inu, especially as it is predicted to see a 100x surge from its current price of $0.022 in the second presale phase.
Toncoin Price Maintains A Year-Long Bullish Trajectory Despite Major Setbacks
Toncoin (TON), despite its fluctuating performance in the past weeks, is still signaling an overall bullish sentiment, largely influenced by its ATH in June, when it hit $8.24. With an impressive 171% year-to-date rise, TON coin has solidified its reputation as one the top gainers this year, which marks a continuation for the token’s broader bullish sentiment.
Although the native TON coin has fallen by roughly 36% below its ATH, now pricing at a weekly range of $4.99 to $5.30, investors are still optimistic about the token’s bullish potential in October. This is further bolstered by its dominance as one of the top altcoins in the DeFi market.
Despite the obvious setback it had faced a few months ago, where its co-founder, Pavel Durov was arrested, TON coin was able to rise above the noise and price up significantly. Meanwhile, TON technical analysis, including its 10-day EMA, suggests a bullish signal, which adds to investors’ optimism that the token can come out with gains this month.
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Kaspa Token’s Year-To-Date Price Trajectory Mirrors An Upward Movement
Although the Kaspa (KAS) coin is declining by 19.15% in the past month, the token has managed to stay bullish when its yearly trajectory is considered. In August, Kaspa (KAS) made an impressive move by rising to $0.2075, marking a new ATH for the token.
As seen in the chart above, the recent ascent to a new ATH allowed Kaspa token to regain an upward movement for the year, leading investors to believe it could see another surging growth this month. With its recent ATH marking its third ATH price this year, experts think it could secure another ATH this year.
However, Kaspa coin’s technical analysis is indicating a sell signal according to its moving averages and oscillators, which means the token could possibly see a downtrend before another surge to higher levels. This essentially, cast a shadow of doubt on the possibility of KAS token to experiencing major bullishness this Q4.
Is Cutoshi Capable Of Outperforming Toncoin Ecosystem?
When compared to Cutoshi, Toncoin’s ecosystem is more vast, however, that doesn’t make it impossible for Cutoshi to outperform the blockchain network, especially price-wise. With a surging adoption rate and greater exposure in the DeFi space, Cutoshi has enough features to potentially surpass Toncoin (TON).
For more information on the Cutoshi (CUTO) Presale:
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