The market is giving mixed signals as some projects surge, others stall, and some even see steep declines. Toncoin (TON) and SUI (SUI) are among those altcoins currently experiencing significant disruption.
Amid increasing market uncertainty, a newcomer in the meme coin niche Cutoshi is emerging.
Toncoin Rebounds But It’s Still In The Red
Toncoin has suffered increasing turbulence in October, as data shows a 14.3% drop on the monthly time frame. Toncoin plunged all the way down to $4.66. This is where buyers stepped it and pushed the price higher.
At press time, Toncoin sells for $4.96 with a 2.52 intraday decrease. On the other hand, trading volume for Toncoin has surged by 129% with over $313 million worth of TON changing hands in the last 24 hours. Recently, Toncoin hit a new milestone with 100 million active addresses, indicating that despite the relatively underwhelming price action, holders continue to believe in Toncoin as its adoption continues to expand.
Sui Plummets As Short-term Market Structure Breaks Down
After reaching a new all-time high of $2.36, Sui (SUI) faced increasing selling pressure, The Sui price plunged by 13.3% in a week, breaching several support levels. For now, Sui has settled around $1.79 and it’s trying to consolidate around this mark.
Crypto analyst Suipiens, pointed out with a post on X that this decline is positive for Sui as it allows bulls to accumulate more as Sui enters a high-demand zone. He notes that the ascending trendline is still intact and that this pullback is priming Sui for a major rally with the next target being $3.
Cutoshi Shines Bright In A Sea Of Red
Cutoshi merges meme energy and DeFi utility on a single, cutting-edge platform. With this intriguing blend, the project wants to change the narrative around meme coins being purely speculative assets driven by hype.
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Chinese Lucky Cats bring good fortune to businesses, while Cutoshi brings good fortune to the rapidly growing user base. Cutoshi upholds the values of privacy and decentralization, the foundational precepts of crypto delineated by legendary Bitcoin creator, Satoshi Nakamoto.
Cutoshi offers a state-of-the-art cross-chain DEX platform that allows for lightning-fast and cheap cross-chain transactions with just 0.25% in fees.
Users are encouraged to engage with the ecosystem, and via the Cutoshi Farming initiative, they will have the opportunity to earn generous monetary incentives. They will be tasked with completing various quests and missions aimed at boosting Cutoshi’s presence. In exchange, they will earn Cutopoints which can be traded for $CUTO tokens. By staking $CUTO, holders will also have access to a passive income stream with an incredibly competitive APY.
To support Cutoshi’s rise and foster a sense of community, merchandise and a unique NFT collection will be made available soon. This will allow users to spread the good word and rep their new favorite meme coin.
With over $550,000 raised so far, stage 2 of the $CUTO presale is live, and tokens sell for only $0.022. By leveraging the meme coin narrative and providing a 360-degree DeFi experience.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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