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Cryptocurrency News Articles
Tron and Binance Coin Dip as Cutoshi (CUTO) Emerges as a Top Contender in the Crypto Space
Jan 31, 2025 at 09:37 pm
Since reaching an ATH of $0.44 on December 4, 2024, Tron’s price has lost about 50% of its value, pushing the altcoin price below $0.25.
As the crypto market continues to experience a downturn, with apex cryptocurrencies like Tron (TRX) and Binance Coin (BNB) declining in value, new projects like Cutoshi (CUTO) are emerging as promising investment opportunities.
While Tron has faced a significant price drop from its all-time high of $0.44 on December 4, 2024, and analysts predict a resurgence, the current market sentiment seems to indicate a bearish trend. Tron has lost about 50% of its value, pushing the altcoin price below $0.25. Binance Coin’s price has also dipped below the $700 mark, which has now turned into a strong resistance zone.
On the other hand, Cutoshi, a new Ethereum-based meme coin, is combining fun meme and DeFi utilities to set itself apart from other meme coins. Early buyers of the CUTO token have already gained over 100% in profits, making it a promising project for traders looking to recover from losses.
Tron Price Prediction: Can TRX hit $0.5?
According to CoinMarketCap, Tron (TRX) has seen a 6% decrease in the past month and a 3% dip in the past 24 hours. Tron trading volume has also decreased by 30%, while the market cap has seen a 2% decrease in the past day.
An analyst, Vishal Sahul, advises patience to holders and prospective Tron coin investors as Tron is on a downtrend and will be unable to break key resistance levels. Vishal's advice is for investors to wait for a clear upward breakout above the $0.25 and $0.258 zones.
While key Oscillators are flashing mixed signals in Tradingview, indicating a neutral market sentiment,孑孑Hull Moving Average (9) and momentum (10) are flashing buy signals with the Neutral VNMA (10) turning green.
In the past few days, Trump World Liberty Finance has also accumulated Tron as Tron founder Justin Sun is now among the advisors of WLFI, which makes TRX one of the altcoins to watch in 2025.
Binance Coin Could Pump Towards an Upside, Analyst Claims
BNB, the crypto of the Binance exchange, has faced massive bearish pressure in the past few days as French investigators launch a fraud probe against the top crypto exchange. While BNB price soared by 117% in the past year, it has declined by 4% in the past week as the altcoin price drops below the $670 support zone, as per CoinMarketCap.
However, Crypto Tutor, a crypto analyst, believes the BNB coin will rise in value soon. The analyst claims that the tightening of high-timeframe MAs on the BNB price chart shows an incoming move, which might be a bullish movement.
The 14-day RSI of the BNB crypto coin is 39, which shows it is not yet in overbought territory. Also, while BNB is trading above the 200-day SMA, as per Tradingview, it is still below the 50-day SMA. For the top altcoin to reclaim the $700 mark, it needs to break through the $680 and $690 resistance zones, which are turning into strong resistance levels.
Smart Investors Bullish on Cutoshi as Token Sets Sight on $2M in Presale
While TRON and Binance Coin have gained popularity in the crypto space, a new player, Cutoshi (CUTO), is set to rival them and become a top contender in the lucrative DeFi industry. Inspired by the traditional Chinese Lucky Cat, which is known to bring luck and prosperity to people, Cutoshi aims to bring wealth and prosperity to investors’ assets, which is Satoshi Nakamoto’s original teaching.
As such, it is safe to say that Satoshi doesn’t want BlackRock to control crypto but to prompt a system that embodies the values of decentralisation, privacy, and monetary freedom. By infusing these teachings, Cutoshi is developing a platform where decision-making powers and control lie in the hands of the user. At the heart of the Cutoshi project is a multi-chain DEX.
The Cutoshi DEX is designed to allow users to swap assets across many blockchain networks, ensuring security and privacy, unlike centralized exchanges. Outside that, Cutoshi is a tribute to decentralized finance, echoing the principles of freedom, privacy, and monetary empowerment to the masses. The overall aim of Cutoshi is to bring DeFi to the masses.
With Cutoshi, everyone’s prosperity is important and not just for institutions. Through Cutoshi farming, users will be able to earn rewards for completing quests while the educational academy promotes DeFi literacy. While in presale, the CUTO token is sold for just $0.031. With the bullish momentum, analysts pick it
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