Dogecoin’s price recovery is imminent as active addresses are on the rise. This has led to the Dogecoin price recording a monthly surge of over 10%. Tron (TRX) has also performed better than most mega altcoins, recording a YTD of over 84%. However, a new Ethereum-based utility token seems to have captured the attention of investors with a 46% surge in just stage two of its presale.
With this, large holders are liquidating their positions and heading to Cutoshi’s presale. let’s learn why this hybrid token has been showing rising appeal, with 100x gains predicted by the time the presale ends.
Cutoshi (CUTO), The Latest Utility Hybrid Token Offering Over 46% ROI
Cutoshi (CUTO) is a new Ethereum-based hybrid token that merges the practicality of utility tokens and the fun of a meme coin. The project was inspired by the Chinese Lucky Cat, known for its good fortune and prosperity. Cutoshi aims to bring the Lucky Cat’s charm to the blockchain.
Contrary to other meme coins, Cutoshi’s ecosystem provides many practical uses. Its decentralized multi-chain exchange platform guarantees better security and privacy than centralized exchanges. This ensures easy asset swaps across different chains, saving users time and money.
The Cutoshi Merch will add more vibrance to its community by providing a lively yet fashionable means for users to express their dedication to crypto. In stage two of its presale, Cutoshi has already surged from its initial starting price of $0.015 to the current CUTO price of $0.022. This has made it an appealing option for many investors looking to capitalize on its surging momentum.
Dogecoin Price Surges Amid Rising Activity
The Dogecoin price has been showcasing a surging trend, with a weekly surge of over 6% to trade at $0.114. Ali Martinez states this has been attributed to Dogecoin’s rising activity, with over 133,880 active wallets on its blockchain. This is the highest number of active wallets that the Dogecoin blockchain has recorded in the past eight months, signaling bullish momentum.
Source: TradingView
Moreover, according to the four-hour time frame, Dogecoin is trending bullish, with the 50-day moving average sloping up. DOGE token’s 200-day moving average has also sloped up since October 10, indicating a strong trend.
The RSI for Dogecoin’s price is within the 30 to 70 neutral zone, suggesting that the price is trending neutral, with the DOGE price being able to maintain that state for a while. According to an analyst’s price prediction for Dogecoin, the token value is set to record a 6-month bullish momentum, eyeing the $0.155 mark, with further gains being projected depending on market sentiments.
Tron Price Prediction: Will TRX Reach $2?
According to the one-day price chart for Tron (TRX), the token has confirmed a dipping market trend. The value for Tron has reduced to around $0.1585 during the past 24 hours. Similarly, the Tron coin market sentiment is on the bearish side. However, considering earlier Tron price performance, the coin value still stands above its moving average.
The gap between the Bollinger bands normally determines market volatility. As the gap is currently closing, it suggests decreasing volatility. Moreover, the upper limit of the Bollinger bands indicator, acting as the resistance band, is at $0.1632, with the lower limit, serving as the support, being at $0.1503.
According to Tron’s price prediction, TRX will likely hit the $2 mark in the coming years. Technical indicators remain bullish, as the token is set to trade between $0.137 and $0.1810. However, market crashes and difficult regulations might invalidate this bullish momentum.
Is Cutoshi The Best Investment For October?
While both Dogecoin and Tron have had positive price performances, Cutoshi is quickly settling in within the crypto market, delivering over 46% ROI. This impressive upward movement is attributed to the capped token supply and built-in utilities, which will continue to drive the meme coin price even higher in the coming months.
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