The DeFi market is witnessing more innovative developments, which are projected to elevate the overall market value of this industry significantly. Among the latest additions to the industry is Cutoshi (CUTO), which has already delivered over 46% ROI at presale and has also seen a major listing on CoinMarketCap.
On the other hand, the Aave network has witnessed significant on-chain activities, with a prominent whale accumulating 16,815 AAVE, reflecting confidence in AAVE’s future price. Meanwhile, Render will continue to experience a continuation of the September bullish rally. Its strong position on the market has positioned RENDER for more gains as retail and institutional investors join the market.
Cutoshi’s Hybrid Exchange Will Foster Greater Adoption
Cutoshi (CUTO) is entering the DeFi market with serious tools intending to address inherent issues in the blockchain, including interoperability. With the Chinese Lucky Cat mascot, Cutoshi wants to tokenize good fortunes and bring them into the blockchain. It will introduce a decentralized multi chain DEX that will enable the secure and private swapping and trading of assets across multiple blockchains.
Another notable feature is its learning academy, which will bridge the knowledge gaps in cryptocurrency and DeFi. In doing so, Cutoshi will create an informed user base, cementing its long-term success. These superior features have made Cutoshi stand out from other meme tokens. Experts now believe this promising project could follow a similar SHIB price trajectory, which saw over 10000% gains in its first 9 months after launch.
At its stage 2 presale, Cutoshi tokens are sold at a modest price of $0.022. This is over 46% ROI from its previous offering of $0.015. Cutoshi has room for more growth and exposure now that it has been listed on CoinMarketCap. To benefit significantly, investors need to buy these tokens early on. With a consistent uptrend, Cutoshi is positioned to deliver exponential returns in Q4 and beyond.
Aave Price Shows Resilience On Chart
Aave’s price has shown strong resilience, surging by 16.73% in the past month. It has also given investors a YTD return of 48.42%. As the DeFi landscape evolves, Aave coin has the potential to draw significant attention, especially from large investors, reflecting confidence in its long-term growth.
Source: TradingView
Its daily price charts reflect a testing of critical resistance levels. With the current price hovering around $158, Aave is pushing against the $165 resistance level. If the bulls manage to take control of the market, Aave price could break out towards the $170 mark. The parabolic SAR indicator supports the bullish view, as Aave coin is trending above this point, further signaling an upward movement.
Moreover, Aave’s trading volume has also increased, coinciding with the bullish trend. Recently, a prominent whale has accumulated over 16,815 AAVE, worth $2.59 million. Previously, he borrowed 2 million GHO to buy AAVE tokens. The 2-day long buying spree brings the total of 47,991 AAVE tokens worth $7.45 million.
Render Bullish September Rally To Continue
Render has also witnessed significant gains, recording over 9% growth in the past month. The recent price action is powered by bullish sentiments around AI-focused projects. This bullish momentum has pushed the RENDER token to break out from its downtrend, positioning it for more gains.
Render technical indicators highlight that the token is balanced between sellers and traders, which might indicate that the Render coin is in a consolidation phase. However, about 53% of its holders were in profit in September, which triggered renewed retail interest in the altcoin. As such, experts have made bullish Render price predictions, suggesting that it could reclaim its yearly high of $6.5 by Q4.
Source: CoinMarketCap
While the broader market crashed, Render coin experienced higher lows. Experts are confident that Render will continue to experience the bullish September trend. Moreover, its strong position in the market sets it up for more gains as institutional and retail investors join the market.
Which Top Coin To Invest In?
Investing in any cryptocurrency requires extensive research for better insight. However, research from experts is pointing towards Cutoshi as a top prospect, given its rising potential and early entry advantage to the token.
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