The price of Solana (SOL) recently jumped up by 10% in the past week, owing to its position as the go-to platform for launching meme coins. As the meme coin market recently gained fresh attention, SOL price initially rose up by 19% shooting up above $175 in the past week. With this, questions are being asked if Solana can make it to $200.
Meanwhile this new MemeFi platform, Cutoshi (CUTO) is attracting global interest with its uniquely designed DeFi ecosystem. With its immense potential as a hybrid meme coin, this new market player is well placed to compete with Solana based meme coins like Bonk (BONK) and Dogwifhat (WIF).
Cutoshi (CUTO) Gains Fresh Attention As The Next Breakout Meme Coin Project
Since the start of its ongoing presale, Cutoshi (CUTO) has shown impressive progress worth over $600k in revenue. With a distinct MemeFi ecosystem where its users can swap cryptocurrencies across multiple chains in a low cost DEX combined with other beneficial DeFi features, this new meme coin is geared up for exponential gains in the market.
Cutoshi is especially committed to offering a platform with top DeFi standards that upholds the principles of Satoshi Nakamoto, including decentralization, privacy, and monetary empowerment. With these ideals, the platform also offers its users a token farming model where they can earn tokens by participating in community based quests. Additionally, there’s a Learning Hub on Cutoshi designed to propagate the teachings of decentralized finance.
This amalgamation of meme coin’s community support and DeFi’s lucrative rewards has led to speculations of the meme coin mirroring a meteoric rise and potentially surpassing all Solana-based meme coins. At the moment, the price of its native $CUTO token costs $0.022 in its second presale stage. However it has seen over 46% jump from its initial presale price at $0.015. With its decent progress, Cutoshi is primed to gain increased recognition over time.
Solana (SOL) Sees Significant Price Surge As Attention Around AI Meme Coins Spike
The past few weeks have been fluctuating for Solana (SOL) coin, however, it ended with a very significant increase that took its price above $175. This price surge occurred in the space of a week, with Solana climbing the $175 price mark twice, in the middle and end of the week, as seen below.
At the moment, Solana holds a weekly price range of $162 and $178, however with its current momentum, speculations are rising that the altcoin could see a surge above $200 before the end of Q4. While investors anticipate this surge, Solana coin simply maintains a positive consolidating state as it just gained by over 39.52% in the past six months.
Technical analysis on TradingView shows that Solana token is pointing to a strong buy when its moving averages are considered. With this development, Solana (SOL) is presenting itself a sure bet for imminent gains in the near future.
Bonk’s UpBit Listing Comes But Its Token Price Is Declining Below Resistance
With nearly 8% drop in the past month and 11% in the past week, it is fair to say the Bonk (BONK) coin has been holding up a bearish trend. While Bonk’s year-to-date price gain is still strikingly high, the meme coin is currently fluctuating in lower levels compared to its previous peaks in the second and third quarter of the month.
As seen in the Year-to-Date chart above, BONK token still holds a positive sentiment as it maintains a generally bullish trajectory. Despite its current volatility, BONK token is still over 3,300% above its entry price of $0.00000056 this time last year.
However, BONK price might consolidate to lower levels this year, considering its technical analysis which points to a sell signal. As a result, investors are weary and diversifying their holdings with other new meme coins like Cutoshi (CUTO).
Is Cutohsi Capable Of Surpassing All Solana Meme Coins?
With its utility packed, MemeFi platform which no other Solana meme coin possess, Cutoshi is well set to seriously compete with all other meme coins on Solana network and possibly Solana, under the right circumstances.
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