Cardano (ADA) and Stellar (XLM) are breaking out of multi-month ranging action. Analysts believe that they will see massive rallies by the end of 2024. But there’s a newcomer in the crypto space that could outperform them both.
Cutoshi brings together the best of meme energy and Defi in a holistic ecosystem. Discover why it could become the next 100x gem.
Cardano (ADA) Reclaims Key Level, What’s Next?
Cardano (ADA) has finally reclaimed the significant $0.40 level and is currently consolidating around this mark. Cardano currently sells for $0.40 with a 12.7% monthly increase and $347 million in trading volume. This price surge represents a breakout above the descending trendline that was acting as a resistance and suppressed Cardano’s price over the last six months. If this momentum is sustained, Cardano could easily skyrocket above the $0.76 yearly peak.
Recently, Cardano introduced a series of upgrades that enhanced the network’s capabilities and captured the attention of investors. The most prominent of these updates, the Chang Hard Fork, went live on September 1, making the ecosystem completely decentralized and giving the keys to full governance to the thriving Cardano community.
Stellar (XLM) Giving Signs Of A Trend-Flip
Stellar has been ranging around the $0.095 mark for months with slight deviations in either direction. Over the last month, however, Stellar (XLM) has started showing signs of an incoming reversal with a 5.1% monthly increase. Today, Stellar sells for $0.098 with a 16% surge in intraday trading volume, meaning $61.4 million.
Recently, Stellar joined forces with MoneyGram and CEX.io to leverage Stellar’s state-of-the-art framework to enable quick and efficient crypto-to-cash conversions and vice-versa. This goes to show that despite Stellar’s underwhelming price action, development and adoption continue undeterred with more partnerships to be announced soon.
Cutoshi: The Rise Of Utility-Driven Meme Coins
One of the major drawbacks of meme coins is their lack of real substance. Meme coins rely mostly on virality, and once it dies down, most of them never recover. Cutoshi flips the script by offering a cutting-edge cross-chain DeFi protocol named CUTO DEX. The exchange will allow users to instantly swap assets between all major blockchains for the minuscule fee of 0.25%.
Cutoshi is inspired by the traditional Chinese Lucky Cat and wants to bring good fortune to its rapidly growing user base via several new income streams. Holders of $CUTO will be eligible for recurring staking rewards. Moreover, while the presale is still in motion, investors can participate in fun events and complete different tasks that will yield points. These points can then be redeemed for additional $CUTO tokens.
One of the most interesting aspects of the Cutoshi ecosystem is the Academy. This is a learning platform designed to demystify DeFi and provide unfiltered crypto knowledge to newcomers. Beginners will learn the basics of crypto and more advanced concepts while being assisted in building profitable portfolios.
To support Cutoshi’s rise, merchandise and unique NFTs will be available soon, allowing the community to spread the good word and rep their new favorite meme coin.
Stage 1 of the presale is selling out fast and $CUTO goes for just $0.015. This is the perfect entry point for investors who want to take part in the utility-driven meme revolution. When taking into account all that Cutoshi has to offer and its massive potential, a 100x price multiplier could be on the cards as the cycle ramps up.
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