Popular Solana-based meme coin Popcat (POPCAT) is about to witness a significant price upkick. The token could further rise by more than 20% if it closes below the $1.50 mark. Conversely, XRP’s price appears bearish, with its relative strength index at 43. The recent downturn is due to Bitcoin’s sudden crash that took the rest of the crypto market with it.
Amid these sharp pullbacks and rallies, Cutoshi’s presale is steaming up, quickly grabbing attention in the broader market. This innovative project has combined the meme culture and DeFi functionalities, positioning itself to deliver impressive growth metrics and harness engaging community support.
Cutoshi’s Hybrid Exchange Draws Smart Money Into Its Presale
Cutoshi is the freshest hybrid meme token on the ERC-20 Network. With the Chinese Lucky Cat as its mascot, Cutoshi wants to bring good fortunes into the blockchain. Whilst adopting Satoshi Nakamoto’s vision of blockchain technology, Cutoshi will create a robust ecosystem with superior DeFi functionalities where decision making solely relies on the users. At the center of the ecosystem is the multichain DEX, which will enable cross chain transactions. This will simplify trading by allowing users to swap assets across multiple blockchains, saving time and money.
Another superior feature is its farming mechanism, where users participate in challenges to earn more token rewards. The ‘Cutoshi Academy’ will offer knowledge regarding DeFi and crypto. The project will also introduce Cutoshi Merch and NFTs to add vibrancy to the community. These, coupled with Cutoshi’s built-in scarcity, have set it apart from many altcoins on the market.
It’s no wonder Cutoshi has already raised over $500K and delivered 46% ROI to its early adopters, just in its stage two presale. CUTO tokens are available at a low price entry point of $0.022, with a potential price increase as its presale advances. As such, investors can capitalize on this intriguing opportunity before its price soars.
POPCAT Price Rebounds As Meme Market Shifts
POPCAT, the third largest Solana-based meme coin, has surged by 7% in the past 24 hours, reaching $1.40. The meme token’s performance reflects a significant rebound from its mid-week pullback; however, it remains below its all-time high. Per CoinMarketCap data, Popcat coin bounced back from a low of $1.23, which caused a substantial accumulation activity. Notably, Popcat traders have withdrawn roughly $4 million of the token during its dipping phase, highlighting a coordinated buying strategy.
Source: CoinMarketCap
Popcat technical indicators support its current momentum, it has maintained its position above the Ichimoku Cloud since September 1, highlighting sustained market strength. Additionally, Popcat coin trades above its 20-day EMA and 50-day SMA, highlighting continuous bullish sentiment. This price action follows a pattern that began last week when its price hit a new high of $1.50, coinciding with Bitcoin’s breakout.
Moreover, the Popcat token has established support around the $1.28 level, marked by the Ichimoku Cloud’s Leading Span A. Popcat’s trading volume shows declining accumulation at the current price, with its hourly charts highlighting mixed signals. Its Relative Strength Index has also dropped with a bearish Moving Average Convergence Divergence.
XRP Price Analysis: Can It Reach $0.60 In The Next Bull Cycle?
XRP’s price is hovering around the $0.5346 range, roughly a 1.83% downtrend on its daily time frame. The recent downtrend is in the support zone in the $0.5198 range, which highlights a point for price recovery. XRP’s relative strength index stands at 43, highlighting bearish sentiment. This means the altcoin is experiencing a declining investor interest.
Source: TradingView
Currently, the price of XRP is experiencing resistance around the $0,5471 region. If the altcoin breaches above this point, it will trigger bullish momentum. However, the XRP coin must maintain this momentum above this range to sustain the bull market. If the price of XRP fails to push above its upper critical level, it will pull back and find new support around the $0.5198 mark.
A breakout below this lower-key support level could trigger further declines, potentially testing the next support around the $0.4678 mark. Notably, XRP price action reflects a mixed signal. With the SEC lawsuit still casting shadows, the XRP token could either leap toward $0.60 or drop to $0.40.
Which Altcoin To Invest In?
Before investing in any crypto token, savvy investors must conduct extensive research to make informed decisions. Based on research, experts are banking on Cutoshi due to its blend of meme culture with DeFi functionalities. This diverse market appeal will trigger greater adoption, positioning it to follow in the footsteps of XRP and POPCAT.
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