Despite increasing user engagement, Near Protocol’s price has faced fluctuations due to overarching market conditions. The altcoin witnessed a positive outlook on its daily active addresses and partnerships, but recent data indicates a reduction in NEAR’s circulating supply. On the other hand, Helium (HNT) has completed its ABC corrective wave.
Meanwhile, Cutoshi (CUTO), a fast-selling presale star, introduces an ecosystem that transcends the nature of meme coins. Through its hybrid exchange, Cutoshi draws DeFi utilities into its ecosystem. As a meme coin standing at the intersection of memes and DeFi, Cutoshi is set for explosive growth in the next bull cycle.
Bullish Cutoshi Momentum: Driving Factors
Cutoshi is the freshest project succeeding in the cryptocurrency market. The meme token has already delivered a 46% ROI to its early adopters after surging from its initial offering of $0.015 to $0.022. Moreover, Cutoshi (CUTO) has raised over $550K and secured a CoinMarketCap listing with the potential of other top exchange listings coming soon. The project stands out in the meme coin market for its utilities, as most meme tokens aren’t known for their utility functions.
Cutoshi will draw DeFi utilities with its hybrid multichain DEX, enabling cross-chain transactions. This will simplify trading as users can swap their crypto assets across multiple blockchains, eliminating interoperability issues. Beyond that, Cutoshi will prioritize its community. It will feature a farming protocol where users earn more token rewards by completing different quests.
With its learning academy, Cutoshi aims to make DeFi and cryptocurrency knowledge available to the masses, helping them navigate their way to financial freedom. While Cutoshi presale offers short-term profit opportunities, its utility-driven approach has set the project up for long-term gains. As such, Cutoshi will continue to attract greater attention as its presale progresses.
Near Protocol Price Rebounds
While the Near Protocol network has witnessed rapid growth, its native coin has faced fluctuations due to the overarching market conditions. Despite the positive sentiment suggested by increased daily active addresses and partnerships, recent data highlight that NEAR’s circulating supply is declining, totaling 1.22 billion tokens. Near Protocol’s market capitalization stands at $5.64 billion, positioning the altcoin 17th overall in the market.
Notably, Near Protocol price prediction indicates a potential rebound. The medium-term forecast for NEAR is favorable. Technical indicators suggest that altcoin will record an upward trend in the coming weeks. The token is presently trading up by 314% on its YTD charts. The NEAR token rejected its 1D MA200 on September 26 and tested the 1D MA50 on October 6, which became its new support.
Source: TradingView
If the price of Near Protocol breaks out above this region, it will experience a rally. Its 1D RSI has been testing its own higher lows of the trend line. This means that the price of NEAR is gearing up for a rebound on the 1D MA50. However, if it doesn’t, the price will bounce to the bottom of the Channel Up. Either way, the bulls are targeting the upper critical resistance level around the $6.5 mark.
Helium Price Analysis: Can HNT Reach $10 In Q4?
Helium Network has built a decentralized wireless blockchain to support the Internet of Things (IoT), offering an alternative to traditional telecoms. This unique community-driven approach has positioned the HNT token to have a competitive edge over the broader market share, with its capitalization at $1.22 billion.
Helium shows strong fundamentals, with upcoming projects and products that have positioned it as a potential leader in the DePIN sector. Notably, Helium’s price appears to have completed the ABC corrective waves. If the HNT token manages to build another ascending wave with the previous magnitude, the price could surge, potentially reaching $11.
Source: TradingView
Moreover, its relative strength index is above 70, suggesting that the altcoin is overbought. As such, Helium coin’s short-term prospects appear bullish. However, an impending consolidation is imminent; therefore, Helium traders must remain cautious.
Price Rally Prediction: HNT, CUTO, And NEAR
Helium and Near Protocol prices are on the brink of massive upswings as the altcoins aim for the $10 and $6 marks, respectively. On the other hand, Cutoshi’s diverse market appeal will trigger massive adoption and set the project in motion for a huge price rally.
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