Bitcoin appears to have broken out after hitting $71k. Crypto market analyst Adaora Crypto believes Bitcoin’s dominance will continue and will reach at least $100-$120K. A Bitcoin price of $100k could translate to popular altcoins like Sui, Kaspa, and Cutoshi witnessing massive rallies.
Meanwhile, investors have continued to accumulate altcoins as the market continues to tilt toward bulls. While Sui and Kaspa are showing signs of an imminent rally, Cutoshi could outrank them in the coming months. Driven by a multi-chain DEX that will solve major issues relating to privacy, security, and interoperability.
Cutoshi’s Rise To Prominence Challenges Established Crypto Giants, Sui And Kaspa
While cryptos such as Sui and Kaspa have continued to gain traction in the market, Cutoshi might surpass them soon. Cutoshi is more than a meme coin. It is a tribute to decentralized finance, following core DeFi principles of privacy, freedom, anonymity, and monetary empowerment to the masses.
Inspired by the traditional Chinese Lucky Cat, believed to bring wealth to people, and Satoshi Nakamoto’s teachings on blockchain technology, Cutoshi aims to bring prosperity to investors’ digital assets while also giving investors control over their assets.
Through the non-custodial DEX exchange, users can trade and swap assets across various blockchains at low fees. In addition, active users of the Cutoshi ecosystem are rewarded with CUTO tokens when they partake in community activities like quests, raids, and more. Knowledge seekers can also take advantage of the Cutoshi Academy to broaden their crypto and DeFi knowledge.
At stage 2 of the presale, they have raised over $600k, a sign that shows investors’ interest in the project. The project is live on CoinMarketCap, giving investors the avenue to study the market trends.
Sui’s New Collaboration With MLS And Sweet Could Impact Market Value
Sui (SUI) price movement in the past 24 hours has been impressive. Having dropped below the $1.70 support zone in the past few days, Sui price has bounced back and is looking towards establishing support at the $2 mark as per CoinMarketCap. The recent partnership with Sweet to bring Major League Soccer to the Sui network could fuel more rallies in the coming weeks.
In an analysis on X, a crypto analyst with the user name Decode thinks that the Sui token has been relatively strong compared to other altcoins. The analyst forecasts a rise toward the $5 threshold in this bull cycle. Meanwhile, the Sui trading volume has surged by 92% to $1.16B in the past 24 hours.
Source: Decode on X
The rising market activity is also reflected in the technical analysis. As per Tradingview, the Sui coin price is above the 50-day and 200-day SMA in both the daily and 4-hour time frames. This signals more rallies on the way. If the market continues its bullish momentum, Sui’s price might exceed the $2.36 ATH it set on October 14.
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Expert Believes Kaspa Will Thrive Once Bitcoin Loses Steam
Kaspa (KAS) remains deep in the bearish zone despite efforts by the bulls. According to Todd Butterfield, a crypto analyst on X, since the sell-off at the $0.16 mark, the Kaspa coin has continued to work lower. However, Todd observed strong support at this level and thinks that Kaspa will experience a price surge when Bitcoin’s dominance wanes.
Source: Todd Butterfield on X
Having gained over 120% in the YTD price metrics, Kaspa’s price has declined by 29% in the past month as the altcoin battles to stay at the $0.11 support zone. A drop below this zone could push the price towards $0.09. However, the rising Kaspa trading volume could push the coin above the next resistance at $0.13 with the possibility of a $0.15 retest in Q4.
Kaspa has recorded 12 green days in the past month, with its price volatility at 8%. Also, the Fear and Greed index is 69 (Greed). Coincodex, the popular prediction site is bullish with a Kaspa price forecast of $0.39 in the short term.
What Are The Coins That Have High ROI?
Sui and Kaspa are among the altcoins backed to lead the market rally of Q4. However, Cutoshi’s strong utility could drive the adoption of the meme coin, driven mostly by the fantastic decentralized exchange and educational platform.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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