As a potentially transformative Q4 looms for the crypto market, seasoned traders and investors are analyzing several data to come up with the top bullish picks for the year.
In line with this, Ethereum (ETH), Pepe coin (PEPE) and fast-rising presale star, Cutoshi (CUTO) are receiving good buying interest as technical analysis points to an imminent bullish market for these top altcoins. This bullish market is thought to be particularly massive for Cutoshi as the new gem’s recent listing on CMC has stirred up more optimism.
Cutoshi Keeps Up Positive Momentum While Attracting Large-Scale Investors
Cutoshi (CUTO) serves as a revolutionary meme-based DeFi hub, with a unique learning academy and a community-focused incentivized ecosystem. Inspired by the Chinese Lucky Cat known for luck and Satoshi Nakamoto’s vision, Cutoshi aims to bring luck, prosperity, and financial freedom to its users while championing decentralization and privacy.
Notably, the Cutoshi ecosystem includes key practical utilities like a DEX, a multi-chain decentralized exchange offering secure and low-cost cryptocurrency swaps. There is also a token farming model for users to earn rewards by completing challenges and quests. This, combined with its deflationary token mechanism, alongside complimentary NFTs and merch for early users, is attracting interest from whale investors.
So far, its presale has seen a 46% growth, where its native $CUTO token rose from $0.015 to $0.022. Considering its vast DeFi potential, experts predict Cutoshi to achieve a 100,000% rally when it concludes its presale. Already listed on CoinMarketCap, Cutoshi signals as the next utility-based meme coin to surpass other Solana meme coins that trended in the last bull market.
Ethereum Token Readies For A Full Price Resurgence In The Next Bull Run
Ethereum (ETH) token started the year 2024 by almost reaching its ATH after slightly crossing over the $4,000 price mark. During this rise, Ethereum’s market cap nearly surpassed $500 billion, marking its peak level this year. However, Ethereum token has consolidated ever since, falling to lower levels.
Despite the drop in the price of Ethereum token, its momentum is still bullish for the year as the price of ETH just resumed a price resurgence that allowed it to secure over 13% gain in the past month and over 8% in the past week. Its weekly gain particularly ignited Ethereum’s push above $2,400 as seen in the chart below.
According to TradingView, the technical analysis also points to a positive momentum as Ethereum’s moving averages are indicating a buy signal, which ultimately signals that Ethereum price is set for an imminent price break out to the levels above its 7-months ATH.
Pepe Coin Continues To Trend Upward Raising Investors Confidence
Pepe (PEPE) coin price had also made impressive moves this year, despite its current rest at lower levels. Earlier this year, PEPE was able to hit an all-time high like most top altcoins but the difference is that Pepe rose to an all-time high three times this year, before finally reaching a peak price of $0.00001718.
While the token is currently about 42% below this price, Pepe coin still holds strong bullish sentiment with many PEPE holders positive about its trajectory for the rest of the year. Meanwhile, Pepe coin price has risen by roughly 7% in the past week and over 35% in the past month as observed in the chart below.
While investors consider which top meme coins to throw their money into, PEPE coin stands as a promising option, especially as its technical moving averages indicate a strong buy signal, which suggests an increasing interest in the frog-themed meme coin.
Which Is A Better Ethereum-Based Meme Coin Investment: CUTO Or PEPE?
While both Cutoshi and Pepe are using Ethereum’s network to the fullest to maximize their potential and connect to a larger demographic, Cutoshi investors have a better opportunity to see a higher rate of growth.
The potential for higher ROIs with Cutoshi particularly stems from its unique ecosystem which is designed to foster engagement and adoption in the meme coin and DeFi market.
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