Bonk (BONK) and Toncoin (TON) have witnessed impressive market movements lately and they are both set for further growth due to the recent developments on their respective networks.
As Bonk and TON make waves, a new coin dubbed Cutoshi is positioning itself as a hybrid meme coin. Unlike the majority of its peers, Cutoshi possesses great potential for sustainable progress largely due to its extensive approach to the DeFi market.
Bonk Coin Attracts New Interest After Latest UpBit Listing
The price Bonk (BONK) coin has been relatively bullish since the start of the year. However, with its recent listing on UpBit, the Solana meme coin is bound to gain more exposure to a wider audience.
Meanwhile, BONK’s price has been faced with fluctuations since it fell from its peak price this year, however, it has since increased by over 28% in the past month as observed below. This relatively bullish performance demonstrates BONK coin’s resilience amidst a broader downtrend faced by most top altcoins.
Source: CoinMarketCap
Currently, the BONK price rests in a weekly range of $0.000025 and $0.000022, following a noticeable 2% decline in the past week. Because of this, it remains uncertain how long the current trend will last. Albeit, BONK’s technical analysis, including its moving averages, points at a strong sell signal, pushing investors to diversify with other promising meme coins.
TON Blockchain Sees Network Surge But Its Token Price Stays Stagnant
In the past few months, the TON blockchain has undergone several network developments including the launch of new staking options for the native Toncoin (TON), and a significant increase in trading volumes, surpassing 1.3 billion transactions.
Although the network volume of the Toncoin token has reduced by over 18% in the past week, and its market cap by less than 2%, recent network improvements have sustained its positive momentum over time. However, on its year-to-date chart, Toncoin price has stayed at safe levels, refusing to fall below the crucial $4 mark, as seen below.
The chart also shows that TON has witnessed a 138% price increase in the past year. This bullish signal shows that the token could possibly hit another ATH surpassing its last one in June at $8.24.
Cutoshi Dominates Presale Market Amidst CoinMarketCap Listing
Cutoshi (CUTO) is a fast-rising MemeFi crypto that is gaining a lot of attention. The growing interest coincides with its recent listing on CoinMarketCap, which plays a major role in drawing the attention of crypto investors and enthusiasts across the board..
Interestingly, the native token of the Cutoshi platform, CUTO, adopts a deflationary mechanism where its total supply decreases over time through a buyback and burn process which is bound to increase its value and demand. As a result, the platform has seen a massive demand for its token at its current stage 2 presale price of $0.022, which represents a 46% increase from its initial offering price.
Meanwhile, aside from allowing investors to trade crypto coins and earn tokens, Cutoshi takes a unique approach by integrating its ecosystem with a Learning Hub. This model was designed to spread the knowledge of DeFi among the masses. This community-centric approach helps position Cutoshi among the next meme coin that might achieve a huge price surge through adoption from the DeFi market.
Will Cutoshi Become More Valued Than Bonk In The Meme Coin Market?
Indeed, Cutoshi is a more spectacular meme coin than Bonk if practicality or utility is considered. However, it will take a surging interest and very strong community support for Cutoshi to gain a massive following than Bonk. Fortunately, a community-centric ecosystem is what Cutoshi stands for.
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