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As altcoins like DOGE rebound with a 33% increase, the spotlight is shifting to the presale success of Cutoshi, a hybrid MemeFi project that’s quickly gaining traction.
The recent market resurgence has contributed significantly to the uptrend witnessed by some of the top altcoins, including Dogecoin (DOGE) whose price has now grown by over 33% in the past month. However, other altcoins like Sui (SUI) tokens are seemingly left behind.
Consequently, there has been a shift in focus to the presale market. Meanwhile, stealing a lot of attention from the likes of DOGE and SUI investors is Cutoshi (CUTO). The fast-rising presale star has been making headlines for many reasons, including its hybrid MemeFi protocol as well as its recent listing on CoinMarketCap.
Cutoshi’s impressive records fuel growing interest from whales
Cutoshi’s funding milestone, which has now exceeded the half-a-million dollar mark, is just another attraction for the meme coin project. But more interestingly, Cutoshi’s hybrid approach has caught more attention, as it merges the best attributes of memecoins and decentralized finance. Essentially, Cutoshi adopts Satoshi Nakamoto’s Bitcoin core principles of decentralization, privacy, and monetary freedom.
While its ecosystem is established on these core principles, Cutoshi houses intrinsic features like a DEX platform, a staking protocol, and a farming mechanism. Cutoshi Farming allows community members to earn extra tokens, alongside complementary NFTs and merch by engaging in specific quests and challenges. Furthermore, Cutoshi also hosts a learning academy that is aimed at spreading DeFi knowledge to a global audience.
The best part, however, is Cutoshi tokenomics. Notably, the entire operation on the platform is powered by the native CUTO token. Having surged by 46% from $0.015 to $0.022 in the second presale stage, the CUTO token has been tipped for an exponential price increase, potentially matching top altcoins like Dogecoin and Shiba Inu.
DOGE trajectory reflects bullish momentum amid month-long recovery
Legacy meme coin, Dogecoin, has made an impressive comeback after it seemingly lost its bullish momentum a few days into the start of October. As seen in the monthly chart below, DOGE price fell from its closing high price of $0.13 in the month of September to trade below the $0.11 support level.
While the noticeable decline cast a shadow of doubt on DOGE token’s potential for a bullish Q4, the recent price resurgence is steering up strong optimism in the DOGE community. Currently trading within a weekly price range of $0.11 and $0.14, DOGE price reflects a noticeable price increase of over 23% in the past week and over 33% in the past month.
Meanwhile, this progressive uptrend is now pushing the meme coin’s price towards its 6-month ATH of $0.22. Interestingly, market analysis suggests that the ongoing trend may persist throughout the Q4, considering that DOGE technical analysis, including 20, 50, and 200-day moving averages, points at a strong buy.
Sui trajectory loses bullish momentum as weekly consolidation persist
Despite a noticeable resurgence in the prices of top altcoins, Sui (SUI) token has been trapped within a consolidation zone in the past week, as seen in the chart below. This noticeable downtrend has subsequently pushed SUI price below the $2 threshold, as it currently trades within a weekly price range of $2.24 and $1.97.
Meanwhile, SUI token’s technical analysis, including the moving averages, suggests a mixed sentiment for its price trajectory. While the 30, 50, and 200-day moving averages point at a buy signal, the shorter duration moving averages point at a sell signal.
This neutral bias portrays an uncertainty for SUI token’s future. However, the SUI community on CoinMarketCap is still very bullish about a potential resurgence, with 82% of 31k+ voting in favor of an imminent bull run for SUI token.
Can Cutoshi outperform Sui and Dogecoin beyond Q4?
Unlike Dogecoin whose price trajectory is predominantly driven by sensationalism and steadfast backing from Tesla, Sui Network is a blockchain and smart contract platform designed to facilitate digital asset ownership.
Cutoshi, on the other hand, is a hybrid protocol. Considering its diverse market appeal, Cutoshi boasts a strong potential to outperform top altcoins like Sui and Dogecoin. This positive outlook, combined with the recent CMC listing, has boosted its market appeal even among crypto whales.
To learn more about the Cutoshi presale, visit the official website.
Join and become a community member: https://twitter.com/CutoshiToken, https://t.me/cutoshi
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