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Cryptocurrency News Articles
This Presale Star Has Made More Gain Than LTC and DOT Have in the Past Year; Savvy Investors Shifts Focus
Feb 07, 2025 at 04:02 am
Despite a noticeable rally in the crypto market in the past year, top cryptocurrencies like Litecoin (LTC) and Polkadot (DOT) haven’t shown much promises for token holders.
Top cryptocurrencies Litecoin (LTC) and Polkadot (DOT) have shown minimal promise to token holders despite a noticeable rally in the crypto market last year. While Polkadot has seen no gains over the past year, Litecoin has managed to hold on to about 46% price gain following a significant retracement from its yearly peak at $137.
In light of the sluggish momentum of these top DeFi coins, savvy traders are quickly exploring other promising alternatives. Among those receiving attention is fast-rising presale star Cutoshi (CUTO). Cutoshi’s hybrid protocol has garnered immense interest, having delivered over 100% gains a few weeks after launching its ICO.
Best Cryptos to Buy Now: Cutoshi’s Hybrid Concept to Deliver Exponential Gains
Beyond its potential to deliver huge gains, especially for early backers, Cutoshi (CUTO) has gained popularity primarily due to its hybrid meme-backed protocol. The new Ethereum-based altcoin combines the communal aspect of memecoins with the lucrative nature of decentralized finance (DeFi). Moreover, Cutoshi was inspired by both the popular Chinese lucky cat, associated with good fortune, and Satoshi’s core blockchain principles of decentralization, privacy, and monetary freedom.
While these core principles serve as the foundation on which the Cutoshi unified ecosystem is built, it also presents diverse opportunities for users. Specifically, users can explore lucrative DeFi tools like the Cutoshi DEX protocol, which facilitates crypto swapping and transactions across various chain networks. Similarly, the Cutoshi token farming model allows users to earn extra tokens and complementary NFTs and merch by completing different quests.
Meanwhile, the native $CUTO token serves as the lifeblood of the entire ecosystem, functioning as both a utility token and a memecoin. As a utility token, the $CUTO token facilitates transactions within the learning academy, as well as Cutoshi DEX's buy-and-burn mechanisms. This self-sustaining model, coupled with a rapidly progressing presale, positions the CUTO token among the best cryptos to buy now. While it currently sells at a modest price of $0.031 in its fourth presale stage, Cutoshi has already delivered over 100% ROI.
Litecoin Price Dip Below Monthly Resistance, Struggles to Hold Above $100 Mark
After hitting a monthly peak of $140 about three weeks back, Litecoin's (LTC) price trajectory has been subject to a progressive decline. Now trading within a week-to-date price range of $114 and $100, LTC's price reflects roughly 12% decline in the past week, further compounding its monthly price decline to nearly 10%.
This progressive decline has pushed LTC's price below the monthly resistance level around $110, with a noticeable risk of trading below the $100 price mark if no major correction takes place anytime soon. Meanwhile, a closer look at Litecoin's technical analysis points to a bearish trajectory considering both the Relative Strength Index (RSI) and Moving Averages, including 30, 100, and 200 day EMAs and SMAs, reflecting a strong sell.
Further corroborating this bearish outlook, popular crypto analyst Natalie Dormer, in a recent X post, claimed that the LTC price chart has formed a rising wedge and is likely to continue falling. While cautioning traders to tread with caution, Natalie anticipates further downtrend with potential targets around $93 and $85 price ranges.
Polkadot Token At Risk of Major Downtrend As Price Nears Significant Support
The price trajectory of Polkadot (DOT) in the past year has been very bearish, resulting in over 30% price decline during the duration. This progressive decline has hampered DOT token growth trajectory as a top DeFi coin. For context, DOT price surpassed the $10 twice in the last year but failed to maintain this level despite considerable community support.
Now trading within a weekly price range of $5.9 and $4.7, DOT's price reflects over 20% price decline, and roughly 38% in the past month. This considerable downturn has sparked various speculations on the native DOT token’s potential to deliver any significant return for holders.
Meanwhile, DOT's price is currently approaching its most significant support zone around $3.6; failure to hold this position may, however, result in an extended consolidation or even a major downtrend. Sadly, DOT token’s technical analysis, including its short and long-term Moving Averages, points at a strong sell, which suggests that the current trend may still persist.
Can Cutoshi Outperform Top DeFi Coins Like Litecoin and Polkadot in 2025?
Unlike Polkadot, Litecoin has managed to hold on to some profits in the past year; albeit, not as much as Cutoshi as registered in a few weeks
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- RCO Finance (RCOF) Might Become the Best Crypto Investment of 2025, Here's Why
- Feb 07, 2025 at 09:46 am
- Cardano (ADA) has fallen sharply, echoing bearish sentiments in the crypto market. Its double-digit drop over the past few days has now pushed investors to RCO Finance, a new AI-backed altcoin project that has raised over $12 million since the launch of its presale.
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- Memecoins: The rise of the joke cryptocurrencies that are luring young Singaporean investors
- Feb 07, 2025 at 09:46 am
- Memecoins are cryptocurrencies that often begin with a joke or a viral meme. Like many other cryptocurrencies, memecoins have no obvious use and are not backed by real assets, so they are simply valued based on what people are willing to pay for them.
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- FXGuys ($FXG): The New DeFi Contender That Could Outshine Cardano (ADA) and Hedera (HBAR)
- Feb 07, 2025 at 09:46 am
- Though Cardano (ADA) and Hedera (HBAR) have been at the forefront of DeFi with their unique blockchain adoption strategies, experts see FXGuys ($FXG) emerging as the stronger contender in the upcoming months.
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- XRP Price Analysis: Death Cross Looms, Signaling Further Weakness
- Feb 07, 2025 at 09:31 am
- XRP's price action has taken a sharp downturn in the past 24 hours to extend its seven-day losses. Notably, this downturn has seen the asset slipping below a critical support level at $2.50 after weeks of intense work to break above it.
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- How PlutoChain ($PLUTO) Could Make Bitcoin Faster, Cheaper, and More Versatile Than Ever with Layer-2 Scaling, Lower Fees, and Cross-Chain Compatibility
- Feb 07, 2025 at 09:26 am
- Bitcoin remains the most recognized cryptocurrency, but slow transactions, high fees, and network congestion still limit its practicality.
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