Entering Q4, there’s plenty of potential in the cryptocurrency market. Analysts are watching Fantom (FTM), Kaspa (KAS), and Cutoshi (CUTO). Among established currencies such as Fantom and Kaspa which are expected to generate growth in Q4, there’s also a new coin Cutoshi which is bringing together the trending meme coin market and a growing DeFi market.
Fantom (FTM): New Sonic Update to Propel The Price Upward
Fantom is a highly scalable blockchain with high speeds and low fees. As a layer-1 solution with an ecosystem of decentralized applications, it is a key player in DeFi. With a 62.52% growth in the last 30 days and an RSI of 63, it’s a good buy.
The moving averages of Fantom show a strong buy on the daily, weekly, and monthly charts. The oscillators however remain neutral. In the last 24 hours, the number of large transactions is up by 980%. Such a big increase in whales indicates confidence among big investors and accumulation.
Fantom seems to be consolidating after a breakout with a main target at $1. With the Sonic update coming in December 2024, the sentiment is mostly bullish. The Sonic update promises lightning-fast transactions (over 10,000 TPS) and a sub-second time to finality.
With the Sonic update developers are going to receive up to 90% of gas fees back from user transactions, Fantom is going to introduce a native stablecoin a secure Ethereum gateway, and a 200m token airdrop. The Sonic update coming in December 2024 when the altseason is expected to begin is very bullish for Fantom.
Kaspa (KAS): A Cheap Buy
Kaspa is a proof-of-work (PoW) coin that was made popular with its GhostDAG protocol which addresses scalability issues of older PoW networks and offers fast block confirmation time. With an 8.44% drop in the last 30 days and an RSI of 34 nearing the oversold limit, Kaspa is currently a cheap buy.
The key level on the weekly chart is at $0.1550 and if it breaks we could see big upsides. As Kaspa is already forming higher lows, it’s an indication we should see a rise soon. A significant drop on October 1st pushed it to $0.1433 and it currently stands at $0.1468 with a big support line at $0.14.
The peak of November 2023 has turned into today’s bottom. Kaspa is likely in a deep accumulation and consolidation zone. It’s reasonable to expect an all-out breakout soon as Kaspa builds a strong long-term position.
Cutoshi (CUTO): A Unique Blend of Utility and Fun
DeFi sensation Cutshi has been gaining attention recently. Unlike the established tokens like Fantom and Kaspa, Cutoshi is still in its presale phase. This means that investors still have a chance to get in early.
The token blends the viral nature of memecoins with strong DeFi utility. It features a multi-chain decentralized exchange, token farming, NFTs, and even an educational platform for new users.
With this comprehensive DeFi ecosystem, Cutoshi attracts both DeFi traders and memecoin enthusiasts. Moreover, a part of the DEX fees will go toward burning CUTO, making the token deflationary.
For these reasons, several analysts believe Cutoshi is likely 100x after it lists on major exchanges. However, to take advantage of this potential, traders have to get in early. Luckily, the token still has a presale price of just $0.015, making it a great entry point for traders.
For more information on the Cutoshi (CUTO) Presale:
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