Trending In Crypto World Today: Solana (SOL) Spot ETFs As Cutoshi (CUTO) Sails Through First Stage Of Presale
The past week was turbulent for Solana (SOL), with the token surging slightly before facing rejection at the $150 resistance. Now, analysts are tipping the Solana price for 13% profits in the next bullish cycle, one confirmation of SOL’s heavy prospects this year.
Cutoshi (CUTO) presents the meme alternative for Q4, a culture-based distraction from the DeFi drama. Still, users can expect profits, passive income streams, and longevity, which we rarely see on meme projects. It’s going to be a green end to the year; here’s what the market says on CUTO and the Solana price prediction.
The issue with meme tokens is their inherent lack of utility. Cutoshi’s (CUTO) features serve dual purposes. Meme culture is dying fast in the crypto-verse, as most meme projects lack a clear identity. Cutoshi is an infusion of the Chinese Lucky Cat legend and Satoshi Nakamoto’s blockchain principles.
Investors get a meme coin ecosystem teeming with features that encourage decentralization and community governance. Cutoshi (CUTO) offers a multi-chain DEX where users can access DeFi services away from the congested traffic on top blockchains.
There are also other community-centered elements in the Cutoshi ecosystem, like Cutoshi Farming, where users can earn rewards by completing easy tasks. The CUTO token is selling at $0.022 in its current Stage 2 of the presale, and experts believe investors can lock in up to 100x profits if they jump in from the early stages.
The blockchain metrics for the Solana crypto have picked up pace recently, as previously declining stats like the transactions and active addresses have spiked in the past week.
The market correction last week represented a period of consolidation for the Solana price, as the token faced rejection at the $150 level. Solana (SOL) is looking up now, trading on 2.4% weekly profits after gaining over 6% on the daily trends.
Source: CoinMarketCap
The Solana price prediction sets it up for a rally to $163.70, about 13% from its current value. The Relative Strength Index reads 50.38, a neutral rating that could see SOL go either way.
However, any dip below $135 would cause Solana (SOL) to lose its bullish prediction. In that case, the token could be headed for its support at $110.
Solana (SOL) will see increased demand from here, as the traders seem to be banking on the results of the US Presidential elections to determine Solana’s fate. Cutoshi (CUTO) is fast becoming a steady presence in the crypto market, too, and the meme-DeFi mix sports a solid appeal for meme enthusiasts.
For more information on the Cutoshi (CUTO) Presale:
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.
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