Market analysts’ prediction of a bullish Q4 is already playing out accordingly with several top cryptocurrencies like Tron (TRX) and Avalanche (AVAX) exhibiting strong recovery from previous consolidation zones.
This sudden uptrend in TRX and AVAX price coincides with Bitcoin’s price resurgence which have been forecasted to drive a broader market uptrend.
Meanwhile, rivaling these top altcoins in the spotlight is fast-rising presale star– Cutoshi (CUTO). The hybrid meme coin has drawn enormous attention in the presale market largely because of its diverse market appeal and spontaneous growth potential. Let’s find out what the hybrid protocol is doing differently.
Cutoshi’s DeFi Integration Becomes A Topic of Discussion Amid Progressive Presale
The Ethereum-based hybrid protocol has got a lot of attention after it raised over $500K in just a few weeks of debuting in the presale market. However, that’s not the only interesting thing about Cutoshi (CUTO). While it identifies as a meme coin, Cutoshi’s DeFi integration distinguishes it from its peers. Unlike most meme coins, Cutoshi prioritizes Satoshi Nakamoto’s Bitcoin core principles of decentralization, privacy and financial freedom.
As such, the hybrid protocol houses within its DeFi hub lucrative features like a custom decentralized exchange (DEX) platform, and a staking protocol. There is also a farming mechanism which allows participants to engage in community-focused quests and challenges in order to earn rewards like the native $CUTO token, alongside complementary NFTs and Merch.
Meanwhile, Cutoshi leverages the massive support that meme coins attract as a headstart in the DeFi market. This bullish outlook, combined with its cultural theme inspired by the popular Chinese Lucky Cat known for positivity, have been a catalyst to its ongoing presale success. While in the second stage , $CUTO is priced at $0.022, with analysts projecting a 100X rally post-launch.
Technical Analysis Points At A Sustained Bullish Momentum For Tron Price
Tron (TRX) has had one of the most consistent price progression throughout the year, with technical analysis pointing at a sustained momentum. Notably, TRX price kicked off the year at an opening price $0.086, however, it has since increased significantly by over 88% to trae above its current price above the $0.160 levels.
While the notable price progression is highly commendable, Tron price has had its own fair share of price fluctuation along the way, witnessing a noticeable retracement on multiple occasions it attempted to cross the crucial levels above $0.142 as seen in the chart above.
However, having retained a bullish moment for most part of the year, market analysts and token holders are very optimistic about a sustained momentum throughout Q4. Meanwhile, technical metrics, including 30, 50, and 200-day EMAs also point at a strong bullish signal for the TRX token despite obvious fluctuation in the weekly price chart.
Avalanche Price Trajectory Exhibits Bullish Momentum Amidst Price Recovery
Unlike Tron, AVAX token, the native currency of Avalanche blockchain has witnessed a rather eventful month following a noticeable decline from its monthly peak level. Specifically, AVAX price nosedived to the levels around $24 after hitting a peak price slightly above $30 earlier in the month.
Meanwhile, this obvious retracement had prompted token holders and market analysts to question AVAX token’s bullish potential for Q4 considering that the broader year-to-date price outlook suggests a progressive decline from a yearly high of $60.
However, there has been a noticeable resurgence in AVAX price in the past month, registering nearly 18% increase to currently trade within a weekly range of $27 and $29. This positive outlook, coupled with bullish technical indicators, have reignited a wave of optimism among token holders. Notably, 85% of Avalanche’s community on CoinMarketCap voted in favor of a bullish price outlook for AVAX token based on over 7K votes.
Can Cutoshi Disrupt DeFi Market and Outperform Top Altcoins Like Tron And Avalanche?
Cutoshi, without a doubt, has the potential to disrupt the DeFi market with its hybrid platform. This diverse market appeal gives it an edge over the likes of Tron and Avalanche, especially in terms of market penetration. Outperforming these established altcoins could hold more challenges than merely penetrating the market. Regardless, Cutoshi’s surging interest and rapid adoption in the presale market is a good head start.
For more information on the Cutoshi (CUTO) Presale:
- https://cutoshi.com/
- Join and become a community member:
- https://twitter.com/CutoshiToken
- https://t.me/cutoshi
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
