As we approach a bullish end of 2024, analysts are anticipating Solana tokens as top contenders for big rallies. Jupiter (JUP), GMT (GMT), and Cutoshi (CUTO) are some of those expected to lead the charge.
Jupiter (JUP): Solana’s Leading DEX Aggregator
Jupiter is a decentralized exchange aggregator on the Solana blockchain. As it aggregates liquidity from multiple DEXs on Solana, Jupiter offers lower swap prices. Combined with Solana’s high speed and cheap transaction costs, Jupiter is an attractive choice for traders. However, its recent performance could have been better.
On a yearly base, Jupiter is still down 53%, making it one of the worst performers among the top 100 crypto assets. Moreover, Jupiter dropped by 20.73% during the last 7 days. Still, on a monthly level, it is still in the green, up 5.37%.
Technicals are also not strong. The daily chart shows an RSI of 40 and neutral oscillators with negative moving averages. These indicate that Jupiter could still go down a bit before a rally starts.
Still, Jupiter is undergoing several upgrades that could drive bullish momentum. This includes the upcoming user-friendly wallet app JUP Mobile. Moreover, the Perps 2 update will enable gasless trading, while Ape Pro – will cater to memecoin traders.
GMT: Revolutionizing Fitness with Blockchain
Green Metaverse Token (GMT) is the native token of the STEPN platform which incentivizes users to walk or run and obtain rewards from the ecosystem. GMT is used for earning rewards, staking, and governance.
Standing at $0.1266, GMT has been stable today with a 0.88% increase. However, it has seen a weekly drop of 20.10% while the month is still positive at 11% green. Compared to last year, GMT is down 15.89% ranking 143th by market cap.
This underwhelming performance also shows in GMTs technicals. The monthly chart shows an RSI of 30 and oscillators are showing a buy signal while the moving averages are negative. RSI under 30 means the token is oversold. This RSI indicates GMT is currently a cheap buy and we could see a much better performance soon.
Cutoshi (CUTO): A Utility-Driven Memecoin with DeFi Potential
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While Jupiter and GMT are struggling, there’s a new contender that is currently in its presale stage and those looking for bigger gains are turning here.
Cutoshi is a Chinese Lucky Cat meme coin with DeFi utility. It will feature a multichain DEX, NFTs, token farming, and an educational platform for new traders. All these features help traders earn and learn.
Its DEX uses its 0.25% fee for buying back and burning CUTO. This creates buying pressure and increases the scarcity of CUTO. Thanks to its low supply, it is set for a bright future. If Cutoshi captures even a small part of the DeFi ecosystem, it could shoot up to the first 100 biggest cryptos by market cap.
Cutoshi is currently in its presale stage, meaning that it’s not listed on any CEX yet. This makes it an early-stage opportunity, one with massive potential. Analysts suggest that the token has the potential to explode as soon as it lists on major exchanges.
Considering the meme coin narrative driving the most profits in 2024, it’s not unrealistic that we could see a 100x in the long term.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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