Meme coins are leaning toward a bull market as the market tilts toward the bulls. Market data from the popular crypto data aggregator website, CoinMarketCap shows that Bonk is among the top gainers in the past 24 hours. This shows that despite its present bearish trend, Bonk could experience a resurgence and rally in the coming days.
However, with the market chart not showing any clear direction, investors remain pessimistic about Bonk’s outlook and are looking toward Cutoshi. The Cutoshi project, in the ongoing presale, has shown so much potential, leaving many analysts tipping it for a 100% surge in October. Read more below.
Cutoshi’s Upward Trend Sparks Interest Among Bonk Investors
Cutoshi (CUTO) is the next-generation crypto project that will combine meme coins with its innovative DeFi ecosystem. While still at the first stage of presale, it has been able to prove many doubters wrong. Its exceptional performance at the ongoing presale, raising above $285k, has captured Bonk investor’s attention.
For context, Cutoshi is built on the powerful Ethereum blockchain, which means users stand to gain from the network’s top-notch security and scalability features. With Ethereum being a major player among smart contract platforms, Cutoshi’s long-term success is guaranteed. Cutoshi will solve the major issues in DeFi, such as asset bans, security and interoperability.
This has put it in comparison with Uniswap, with analysts projecting 100x rallies in Q4. The Cutoshi ecosystem hosts powerful tools like a multi-chain DEX exchange, which permits seamless asset swapping. Also, there is the Cutoshi Farming protocol, which rewards users for participating in quests. Meanwhile, Cutoshi was built on the core principles of Satoshi Nakamoto and the Chinese Lucky Cats.
By infusing the spirit of the Chinese Lucky Cat with Satoshi Nakamoto core values, Cutoshi is building an ecosystem that gives users control and decision-making powers. The utility token CUTO serves various purposes such as a means for sharing rewards or transactions in Cutoshi University. Sold for just $0.015, the limited 440M total supply makes now the best time to accumulate it.
Despite Market Downturn, Bonk Price Expected to Surge Soon
The past few days have not been the best time for Bonk (BONK). The dog-themed coin has continued to struggle to pass the $0.000026 resistance level. After rising by 33% in the past month based on CoinMarketCap stats, Bonk’s price has dipped by 6% in the past week. This negative trend is already pushing some Bonk holders to consider an alternative like Cutoshi.
Technical indicators of Bonk suggest the price will keep falling for a while. Firstly, Bonk fear and greed index is 41 (fear), which indicates investors are doubting the potential of this coin. Another bearish sign is the 14-day RSI, which is in the neutral zone but close to being overbought.
However, despite Bonk’s bearish market sentiment, The Trading Tank, an astute crypto expert, is positive about Bonk’s future. Looking at the Bonk price chart, the analyst is impressed with Bonk’s strength despite being in the dip and expects a higher movement soon. If Bonk can bypass the $0.00002383, the meme coin might become a talking point soon.
Which Coins are Poised for Bullish Returns in October?
Even as the market is showing signs of a resurgence, many meme coins are yet to break out of the correction phase. While Bonk is tipped to rebound in the coming week, Cutoshi is already garnering momentum with smart whales taking the opportunity of the early stage presale to accumulate the token.
- 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.
