While the crypto market started October in a bloodbath, top crypto analyst World of Charts believes the cryptocurrency market is unfolding. With top cryptos breaking out, the analyst believes the stage is set for a Bullish wave.
Meanwhile, Dogwifhat and Stacks coin could fall below their support zone soon as the market tilts toward the bears. In another development, Cutoshi‘s presale momentum has risen in the past few days as it looks towards raising $500K in presale. The new Ethereum-based coin is already backed for a 10x rally in Q4.
Cutoshi’s Impressive Outing During Presale Rattles Crypto Elites
Cutoshi (CUTO) is being regarded as the hot new coin in the market. Its impressive presale has seen it raise over $235k in a short time. Analysts believe Cutoshi has the potential to offer investors 10x returns before December.ย
Cutoshi is a revolutionary meme coin that combines fun with a powerful ecosystem to increase DeFi participation.ย
Unlike other meme coins, such as Bonk and Dogwifhat, which have no real-world utility, Cutoshi is a project with a strong utility. The Cutoshi project was inspired by the traditional Chinese Lucky Cat and the teachings of Satoshi Nakamoto. Combining both, Cutoshi is building an ecosystem that focuses on decentralization and wealth creation.ย
The ecosystem houses some powerful tools and features, such as a multichain decentralized exchange that ensures cross-chain asset swapping. There is also the farming option in which users are rewarded for completing tasks.ย
The ecosystem has a utility token, CUTO. Using this token, you can gain access to exclusive services in the ecosystem. Notably, it is sold for just $0.015. As such, investors don’t need to break the bank to accumulate it. With a limited 440M total supply and plans for token burn in the future, now presents the best opportunity to join the project.ย
Analyst Tip Dogwifhat for Explosive Growth Soonย
Dogwifhat (WIF) has been one of the top-performing cryptos in the past week, triggering positive price predictions by popular industry analysts. According to analysis by Captain Faibik, Dogwifhat broke out of the descending channel in the past few days. As such, a bullish rally is anticipated in the coming weeks. However, like other cryptos, a lot of factors play a major role in market rallies.ย
Recent market data from CoinMarketCap shows that Dogwifhat price has witnessed a sharp drop in the past 24 hours, forcing the memecoin to take cover at the $2.20 mark as per Tradingview stats. While there was growing optimism that WIF price will pull through the $2.6 next resistance trendline, the coin has dipped with the markcap also on the decline.ย
However, there is still hope as Dogwifhat is trading above the 50-day SMA ($1.71) and could retest the 200-day SMA ($2.40) soon. Also, the market sentiment of Dogwifhat is bullish with Coincodex expecting the price of Dogwifhat coin to soar by 230% before the month ends.
Will the Upcoming Nakamoto Upgrade Help Stacks Maintain its Bullish Streak?
Like Dogwifhat, Stacks (STX), the Bitcoin layer 2 for smart contracts is tilting downwards as the market corrections continue. However, with 19% gains in the past 30 days, the upcoming Stacks Nakamoto Upgrade could trigger a rebound.
According to Daan Crypto, a full-time crypto trader with over 380K followers on X, the Stacks price will react positively to the upcoming Nakamoto Upgrade. The analyst believes the Stacks coin will likely outperform BTC once it rebounds to the $70K mark. Dan believes the value of Stacks will rise if it can surpass the $1.94 resistance zone.ย
Looking at the Stack’s technical indicators, the crypto is trading above the 50-day SMA. While the Stacks market sentiment is neutral, it could change after the upgrade. Jumping on Stacks won’t be a bad idea, but a better option remains the Cutoshi token.
Which Memecoin Has the Potential to Challenge The Top 10 cryptocurrencies?
Dogwifhat and Stacks’ dominance is about to end with the emergence of a new meme coin. Cutoshi has shown the potential to triple traders’ investments this year. As such, crypto whales are moving to the project in bulk.ย
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