Despite the crypto market picking up momentum, Toncoin’s price has recorded a monthly dip of over 5%. This dipping trend has not been sitting well with its investors.
The big question is whether or not Toncoin’s price will hit the $10 mark as it starts to showcase a slight upward trend.
All cryptocurrencies are susceptible to price dips from time to time. Despite this, a new meme coin known as Cutoshi is currently experiencing a strong upward momentum. The project stands out in stage two of its presale due to its built-in utilities. Moreover, Cutoshi’s recent CoinMarketCap listing could drive significant demand.
Cutoshi Aims At Capitalizing On The October Rally Its Recent CNC Listing
Cutoshi is a unique combination of the Bitcoin founder’s vision of blockchain technology and the inspiration of the Chinese Lucky Cat making it somewhat revolutionary. This has led the project to attract significant attention in stage two of its presale, which has already raised over $500K.
As such, Cutoshi’s focus is on creating a community-driven ecosystem where users will have decision-making power. At its core is the decentralized multi chain exchange and swapping platform, which aims to simplify asset swapping across chains whilst ensuring security and privacy, unlike centralized exchanges. Moreover, investors will also have the chance to earn additional rewards through the Cutoshi Farming, which involves completing quests and challenges. The project ecosystem also features Cutoshi Merch, which will help add more vibrance to its community and provide a lively yet fashionable means of dedication to crypto.
Currently, CUTO trades at $0.022, which reflects over 46% ROI to early investors. Its deflationary mechanism and a market cap of just 440M are set to bolster the tokens’ demand, triggering further value appreciation.
Will Toncoin Price Hit The $10 Mark?
Toncoin (TON) started as a favorite among many crypto enthusiasts. Nonetheless, the coin’s hype has faded with its recent price performance. Toncoin seems to have encountered significant obstacles of late, recording notable price dips.
Source: TradingView
However, Toncoin’s price is slowly regaining its upward trend, trading around the $5.2 mark, representing a YTD surge of over 141%. The TON price has been trading within a defined pattern, offering a potential opportunity for accumulation. Moreover, horizontal and trendline support levels have also supported the token’s price, increasing the TON’s price likelihood of a potential rebound.
A bullish breakout in the coin’s RSI suggests an imbedding upward trend. Key support levels to watch are $5.28 and $4.98, and a resistance level of $5.62. A breakout above the $5.62 mark could see the coin retest its $8 price mark while aiming for the $10 mark.
Will Cutoshi Reach The $1 Mark, Or Will Toncoin Hit $10 First?
Toncoin has seen reduced momentum recently but its real world utility and market popularity keep this coin in good stead to reach the $10 milestone. Cutoshi’s significant growth and future developments put it in a strong position to hit the $1 mark in the coming year. Additionally, its token scarcity is set to drive massive demand, pushing its price higher with each presale stage.
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.
