The cryptocurrency market is regaining bullish momentum thanks to the recovery in Bitcoin prices, with leading altcoins like Dogecoin (DOGE) and Popcat (POPCAT) leading the rally with significant gains. Notably, the prices of DOGE and POPCAT saw an increase of over 23% over the past week, placing the two meme coins among the highest gainers for the month of October.
Meanwhile, the pre-sale market is not left behind in the current market frenzy. A rising star in pre-sales – Cutoshi (CUTO) notably generated an ROI of approximately 46% for early backers following an increase in the price of its native token $CUTO from $0.015 to $0.022 during the second presale stage, now almost complete.
Cutoshi's hybrid ecosystem attracts growing interest
Inspired by the famous Chinese Lucky Cat and Satoshi Nakamoto's Bitcoin fundamentals of decentralization, monetary freedom, and anonymity, Cutoshi (CUTO) stands out as a revolutionary MemeFi ecosystem. While it also serves as a hybrid ecosystem, Cutoshi essentially blends the lucrative nature of decentralized finance and the community approach of meme coins.
This unique combination attracted a large audience during its pre-sale, which has now raised over $600k in cumulative funding. Interestingly, Cutoshi's main attraction lies in its DeFi hub which consists of a DEX platform that facilitates cross-chain and PXNUMXP transactions completely anonymously. Additionally, there is a staking protocol and farming mechanism that rewards engaged users with free tokens and complementary NFTs and derivatives.
Meanwhile, the native token $CUTO is at the heart of its operations. Deflationary currency powers all activities within the ecosystem, from crypto transactions to staking, reward distribution and even governance processes. Essentially, the CUTO token combines the appeal of a fun coin with the utility and functionality of a serious DeFi ecosystem, which explains the growing interest so far, especially after its recent listing on the CMC .
Dogecoin price breaks out of the resistance zone
After four months of consolidation below $0.15, Dogecoin (DOGE) finally broke through the resistance zone and is now approaching its 7-month ATH of $0.22. Dogecoin price is currently hovering in a weekly range of $0.13 to $0.17, reflecting a significant 24% increase in the past week alone.
Source: CoinMarketCap
Interestingly, this notable price increase over the past week has contributed to the over 40% monthly rise in the price of the DOGE token, as seen in the chart above. With the DOGE token poised to breach the next crucial level around $0.17, sustained bullish momentum could see DOGE price surpass its yearly peak, potentially recording a new peak level.
At the same time, technical analysis of the DOGE token further supports this assertion in the short and long term. moving averages The dots indicate a strong buy signal. Given the potential for a sustained trend, the Dogecoin community has taken a very bullish view of DOGE's price trajectory, with 83% of 26,000 people voting in favor of the bullish price trajectory on CoinMarketCap.
Popcat's Gradual Price Trajectory Signals Growing Interest
Like Dogecoin, Popcat (POPCAT) also benefited from last week's bullish wave, rising around 23% during this period. However, in its own case, the POPCAT token has seen a gradual upward trend throughout the year, with recent highs marking new all-time highs.
Source: CoinMarketCap
As seen in the yearly chart above, the POPCAT token is currently trading at its highest price level. After recording an all-time high of $1.81, POPCAT price still maintains a bullish outlook.
Currently trading in a weekly price range from $1.38 and $1.69, POPCAT's price reflects a notable increase that contributes to its monthly price gain of almost 80%. Meanwhile, the current trend appears to be sustainable given that Popcat's 20, 30, 100, and 200 day periods moving averages point to a strong buy.
Can Cutoshi outperform Popcat and Dogecoin beyond this fourth quarter?
The current market frenzy has seen most altcoins, including major cryptocurrencies like Dogecoin and Popcat, make huge gains during this fourth quarter. Likewise, emerging stars like Cutoshi are also poised to make substantial profits.
However, beyond the market frenzy, Cutoshi holds more lucrative potential than most major meme coins. Given its diverse market appeal and fully functional DeFi hub, Cutoshi has a chance to outperform these major meme coins beyond the Q4 2020 market frenzy.
For more information on the Cutoshi (CUTO) presale:
https://cutoshi.com/
Join and become a member of the community:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
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