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Cryptocurrency News Articles

Cardano (ADA) and Cutoshi (CUTO) Emerge as the Next Solana (SOL) Rally Targets

Nov 29, 2024 at 09:50 pm

Those who have been sidelined during the Solana (SOL) rally need not worry, as the crypto market is still ripe with opportunity and the bull run is just kicking off.

Cardano (ADA) and Cutoshi (CUTO) Emerge as the Next Solana (SOL) Rally Targets

Those who missed out on the Solana (SOL) rally need not despair, as the crypto market still presents ample opportunities, especially with the bull run just commencing.

Investors seeking the next big gainer are turning their attention to Cardano (ADA) and Cutoshi (CUTO) as bullish catalysts are aligning for both projects.

Solana Emerges As Layer 1 Leader Amid Surging Adoption

Throughout 2024, Solana has played a leading role, thanks to its bullish momentum and meme coin factory, which has generated millions in revenue.

Over the last month alone, Solana surged by a massive 42%, reaching a new all-time high of $263, surpassing BNB to become the 4th largest cryptocurrency. But Solana’s ambitions don’t end there. With its $113 billion market cap, it’s already eyeing Tether’s third place.

However, many believe that while Solana will likely rally much higher as the bull market intensifies, it has already reached the point of diminishing returns. In contrast, projects like Cardano (ADA) could see more substantial gains in 2025, and for those looking for massive price multipliers, Cutoshi is presenting an opportunity.

Over the last week, Solana entered a mini cool-off phase as selling pressure triggered a retracement from the top. At press time, Solana trades at $238 with a 3.3% rebound from the lows. As consolidation continues, during the ongoing meme coin frenzy, Solana DEXes have seen record-breaking weekly trading volume, reaching $41 billion.

Is Cardano Set For Another Leg Up?

After months of being sidelined, Cardano holders finally saw their patience rewarded as ADA ripped through major resistance levels effortlessly, peaking at $1.13, boasting over 210% monthly gains.

Following a brief retest of the $0.88 support, Cardano bounced back to $1.02 with a 9% intraday increase. Although short-term momentum seems to be slowing down for Cardano, as evidenced by the 10% drop in volume, these levels are seeing buying pressure from the whales, who have quietly accumulated over 130 million ADA tokens in just a few days.

This indicates that the Cardano run is far from over. Crypto analyst Av Sebastian shared a 4-hour chart reading on X showing Cardano breaking out of a descending trendline.

A successful retest above the trendline would confirm a bullish thesis and Cardano could soon soar to new heights, with the next big target being the $2 mark.

How Cutoshi Is Rewriting The Stale Meme Coin Script

Cutoshi aims to change the narrative surrounding meme coins being merely hype-driven speculative assets with its hybrid approach, merging meme energy with DeFi utility.

At the core of the ecosystem lies the CUTO DEX, Cutoshi’s innovative decentralized exchange. This platform connects isolated blockchains, enabling rapid cross-chain transactions with just 0.25% in trading fees.

The Lucky Cats of Japanese tradition are said to bring good fortune to businesses and homes. Cutoshi wants to do the same for the growing Cuto Community through the Cutoshi Farming reward system.

Users will have the chance to participate in special events and complete fun missions to boost Cutoshi’s presence in the crypto space. Along the way, they will earn generous monetary incentives. Speaking of incentives, Cutoshi just kicked off a meme contest with a $2,000 prize pool. To learn more, follow the official X account and share your best memes!

The third stage of the viral $CUTO presale is selling out fast with tokens priced at just $0.0259. So far, over $1.1 million has been raised and demand shows no signs of slowing down.

This is the ideal entry point for investors who want to be on the winning side of the utility-driven meme coin revolution!

For more information on the Cutoshi (CUTO) Presale:

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Other articles published on Nov 30, 2024