The final quarter of the year, in its usual fashion, provides a lot of opportunities for savvy investors to rake in insane gains from the crypto market. This is especially true if they play their cards right, and know the right direction to look.
Notably, there has been a growing interest in the presale market from investors who already have stakes in top altcoins like Dogwifhat (WIF) and Cardano (ADA). Whilst these established tokens offer reasonable returns, Presale star Cutoshi (CUTO) is known for its growth potential, especially when factoring the low entry cost.
Cutoshi’s Hybrid MemeFi Protocol Attracts Growing Interest
Cutoshi (CUTO) is attracting a lot of interest in the presale market following its recent listing on CoinMarketCap, however, there is more to its allure. The MemeFi protocol particularly blends meme coin’s community approach with the lucrativeness of decentralized finance (DeFi). This hybrid model distinguishes Cutoshi from its peers, and justifies the growing interest in the presale campaign which has now raised over $500k in accumulated funding.
Considering its DeFi integration, the Cutoshi ecosystem houses intrinsic features, including a DEX platform, a staking protocol and a farming mechanism that provides an extra layer of incentive for participants. Cutoshi also hosts a learning academy that is aimed at spreading DeFi knowledge whilst eliminating financial illiteracy. Meanwhile, the icing on the cake here is the native $CUTO token.
The deflationary token is designed to be self-sustaining, largely because of its built-in scarcity. Essentially, CUTO’s supply is gradually reduced via a burning mechanism which results in scarcity that in turn boosts both demand and token value over time. Currently selling at an ample price of $0.022, up about 46% from the initial offering price, the CUTO token has exhibited exponential growth potential.
Dogwifhat Token Loses Bullish Momentum Amidst Abrupt Retracement
After registering roughly 60% increase to hit a monthly peak price of $2.96 from an entry level around $1.72, Dogwifhat (WIF) price trajectory was met with an abrupt retracement which has now forced it to trade below the $2.50 price mark.
As seen in the weekly chart above, WIF price suffered a noticeable decline from its weekly peak, which also marks the highest point for the month. Now trading within a weekly price range of $2.59 and $2.38, WIF price reflects nearly 10% decline in the past week, thereby shrinking its monthly gains to only about 40%.
Meanwhile, WIF token’s short term moving averages suggest that the current trend may persist for a while. Although, WIF token 50, 100 and 200-day bullish moving average suggests that the recent retracement could be a minor setback to establish a support before it eventually makes a significant move that could push it above its 7-month ATH of $4.69.
Cardano Token’s Extended Price Consolidation Casts A Shadow Of Doubt On Bullish Q4
The native currency of the Cardanon Network, ADA token appears to be stuck in an endless consolidation zone. Not even the recent network upgrade or the ongoing Cardano Summit seems to be enough to help ADA token break out of its consolidation phase. As seen in the monthly chart below, ADA token has been trading narrowly between $0.32 and $0.37.
Meanwhile, this consolidation phase is an extension of what appears to be a progressive decline for ADA token in the past year. Since registering a year-to-date peak price of $0.77, ADA price has since nosedived. As such, the recent consolidation phase seems to compound ADA token woes as it becomes more challenging to predict a bullish Q4.
Interestingly, ADA token technical analysis also suggests a neutral sentiment for ADA price trajectory. While the 10, 30, and 50-day moving averages point towards a buy signal, the long term moving averages suggest a contrasting view, which makes ADA price trajectory almost unpredictable.
Can Cutoshi Lead Dogwifhat In Terms Of Innovation?
Dogwifhat, like most meme coins that thrive on sensationalism, lacks genuine utility. Although it has managed to establish itself as a mainstay in the crypto market due to its large community following, Cutoshi offers more in terms of Defi innovation.
Specifically, Cutoshi adopts meme coin’s community culture to gain headway like most meme coins do, but went further with DeFi integration, which ultimately creates a sustainable growth path for the project. This edge positions Cutoshi for exponential growth, which is already evident in the rapid progress experienced in its presale.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.
