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Cryptocurrency News Articles
Cutoshi (CUTO) Enters the Market at the Right Time, Meme Coin Presale to 100x
Oct 07, 2024 at 05:10 pm
Bitcoin and Ethereum have been the go-to stars in the crypto scene for a while now, but with some recent price turbulence, investors are keeping a close eye on the charts.
Bitcoin and Ethereum may still be the top dogs, but a new meme coin is making waves and showing potential for massive gains.
With some recent turbulence in the crypto market, investors are keeping a close eye on the charts, especially on Bitcoin and Ethereum. While BTC and ETH navigate tricky waters, Cutoshi might just be the fresh crypto the crypto world needs.
Bitcoin’s having a bit of a rough patch, dropping below the crucial support level of $62,000, which isn’t a good sign for the bulls. If Bitcoin continues to slide and dips under the 200-day Exponential Moving Average at $59,895, it could face some serious selling pressure.
But if it manages to climb back above the $62,000 mark, we might see it making a run for the next resistance level at $66,000. Right now, BTC is sitting nearly 17% below its all-time high of $73,737.
Ethereum’s still a good 52% down from its all-time high of $4,878, but things might not be as bad as they seem.
Whales holding between 100,000 and 1 million ETH have been steadily accumulating since August, showing confidence in Ethereum’s long-term future. Historically, Ethereum tends to bounce back in Q4, so we might be in for a surprise comeback.
Large transactions, especially those over $100,000, have surged to 1,252, signaling heightened whale activity. In the short term, ETH’s under some pressure, but long-term prospects look strong, especially with whale accumulation and a solid retracement. All of this could pave the way for Ethereum’s next rally.
While ETH and BTC face some hiccups, those looking for 100x gains this year are searching for the next meme coin to explode. And many analysts claim that Cutoshi could be the next crypto moonshot of this year.
Inspired by the Chinese Lucky Cat and Satoshi Nakamoto’s dream, Cutoshi is one-of-a-kind in the crowded meme coin market. This is because Cutoshi offers a decentralized multi-chain exchange for swapping assets across different chains, all while keeping things private and secure. There’s also Cutoshi Farming, where users can complete tasks, earn rewards, and rack up points. On top of that, the Cutoshi Academy helps newcomers get savvy with crypto and DeFi.
With over $285K already raised in its presale, this project is catching fire.
Unlike many other meme coins, Cutoshi has a clear roadmap and strategy in place. Experts are already calling for a 300% price jump before its DEX listing, making its current price of $0.015 a steal for early buyers.
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