After a bullish first half of the month, the crypto market is slowly settling into a stalemate as many top crypto projects continue to work hard to maintain bullishness. Pepe Coin major investors are also eyeing Toncoin (TON) and a new presale token, Cutoshi (CUTO). Cutoshi has raised over $550,000 in just two stages of presale so far–a testament to its growing popularity.
PEPE Token: Minor Setback, Major Comeback?
Despite a minor setback that put the PEPE token on a 1.71% weekly loss and slowed down its ‘Uptober’ uptrend, the meme coin always remains on investors’ radar. And with market metrics pointing at a possible uptrend, the PEPE coin could well be on its way back to recovery.
According to technical data from TradingView, PEPE’s weekly Moving Averages have tilted towards a strong buy, suggesting an imminent Pepe coin price surge. The bullish sentiment extends further as the meme coin’s 24-hour volume has spiked by 31.74%.
Source: CoinMarketCap
Although the PEPE price is still at a loss on the weekly price charts, there is a strong sense around the crypto market that PEPE could gain more in the following weeks to extend its current 15.69% monthly uptrend.
Bridging The Utility Gap In Meme Coins With Cutoshi DEX
While Cutoshi (CUTO) is gaining a lot of attraction for its presale, which has now raised more than $550,000, it has a myriad of other features that catch the eye.
First, the project aims to fill the utility gap in the meme coin sector by introducing its Cutoshi DEX. Apart from generating utility for its native CUTO token, the Cutoshi DEX will allow users to trade, swap, and manage different assets across multiple chains while also offering the protection and efficiency of the Ethereum network. With this, Cutoshi helps users to solve the problem of interoperability.
Next up is Cutoshi’s mascot. The Cutoshi project adopts the image of the Chinese Lucky Cat as a metaphor for the project’s aim of bringing good fortune to the common man. Through Cutoshi’s Academy, the project seeks to equip the masses with the right knowledge to excel in the Defi industries. The project also allows members of its community to make their own fortune through farming. By completing simple quests, members will earn rewards that can be converted to CUTO coins.
One of the most common strategies used by top performing crypto projects is deflation. The Cutoshi (CUTO) project features a deflationary strategy of token burns that would keep the token above inflation waters and guide it to consistent growth through scarcity. Stage 2 of Cutoshi is ongoing, and the project’s exciting features have put it on a trajectory that could take CUTO well above its current price of $0.022.
TON Coin: Continuous Adoption Fuels Price Expectations
Earlier this year, Toncoin (TON) began a partnership with Telegram. The initiative was to adopt the project’s native token, the TON coin, as a means of payment on the social media platform, increasing its utility.
So far this year, the TON coin has generated a lot of traction. The Toncoin (TON) blockchain has become a choice blockchain for even Telegram tap-to-earn games like Hamster Combat, which have now become quite popular.
Source: CoinMarketCap
Although the TON price trajectory was stunted after Telegram’s co-founder, Pavel Durov, was arrested in late August, the continuous adoption of the TON coin and its growing popularity could soon translate to a spike in the TON price as its 24-hour volume is now up by 13.41%. The Toncoin price is still at a monthly loss of 7.57%, but it’s intra-day price movements give investors reasons to hope.
Cutoshi’s Early Stage Attracts Investors
As market metrics suggest an imminent PEPE comeback, Toncoin’s continuous adoption could also set Toncoin (TON) in motion for an uptrend. Also, investors are now getting on the new Cutoshi project as its presale hits round two. The Cutoshi meme and Defi utility give it the aura of a potential top altcoin in the long run, and hardly anybody wants to miss out on it in its early stages.
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