As the market-wide recovery continues, several altcoins are showing promising signs of massive rallies. Analysts are tipping Near Protocol (NEAR), Immutable (IMX), and Cutoshi (CUTO) as the next big gainers.
All eyes are on Cutoshi. A newcomer to the meme coin space, it’s set to make waves with its innovative DeFi platform. Let’s find out why it could soar by 10,000% when the cycle progresses.
Near Protocol Reclaims Key Resistance
Near Protocol (NEAR) is among the top performers in the AI space, boasting a 31% weekly increase as investor interest is returning. Today, Near Protocol (NEAR) is priced at $5.10 with an 8% intraday increase. Notable is also the 184% surge in volume, with $746 million traded over the last 24 hours, making Near Protocol one of the market’s most traded cryptocurrencies.
This Near Protocol rally has been fueled in part by the announcement of the partnership between Alibaba Cloud and Nvidia, which bullishly impacted all AI-centered cryptocurrencies. Near Protocol has also cleared a new all-time high in unique users, with more than 1 million active accounts. As the number of accounts continues to grow, analysts predict that Near Protocol could reach $10, making its current price a huge opportunity.
Immutable (IMX) Is Soaring, What’s Next?
Immutable is currently selling for $1.80 with a 20% increase over the last month. In terms of volume, demand seems to be skyrocketing as Immutable is boasting a 167% surge with $88 million traded.
On-chain analysis shows that whales are heavily accumulating Immutable. Whale activity is usually a sign of what’s to come and if large investors are building positions, this means that in the near future, Immutable could experience a massive rally. Moreover, Immutable is growing in popularity among game developers. Most recently, Immortal Rising 2 was deployed on Immutable’s zkEVM network. Other games include RavenQuest Phase 2, The Tree Verse, and Arise.
The New Meme Coin Revolution Starts With Cutoshi
Cutoshi wants to turn meme coin space on its head, as its cuteness is backed by real utility.
Inspired by the Lucky Cat from Chinese tradition, Cutoshi is making waves with its focus on decentralization and privacy.
The $CUTO decentralized exchange brings all major blockchains into one place and allows users to seamlessly swap assets cross-chain. This makes it easy for users to make transactions without having to pay significant and unexpected fees.
Moreover, Cutoshi incentivizes users to engage with the ecosystem with substantial monetary rewards. Users can stake the $CUTO token and also complete various tasks and quests. In exchange for completing these tasks, holders will receive points that can be redeemed for more $CUTO tokens. These quests will be available throughout the Cutoshi presale, allowing investors to make significant returns before the project launches.
Cutoshi also offers an educational platform named Cuto Academy. The goal is to make the DeFi world fun and approachable by lowering barriers and guiding new investors through the world of crypto. Through the academy, investors can learn everything fro the basics of crypto to more advanced trading strategies.
Stage 1 of the Cutoshi presale is now live with $CUTO tokens selling for $0.015. Analysts believe that when the meme narrative starts ramping up again, Cutoshi could soar by 10,000% as the cycle progresses.
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