The crypto market resurgence is underway with Bitcoin breaching the $65K mark for the first time since August 1st. Also, altcoins are not left behind, with popular analyst VanEck’s investment company estimating the Solana token price to increase to $330 in the coming months.
Also, Sui coin has continued its rise occasioned by the rising activity within its DeFi ecosystem. Cutoshi, on the other hand, has continued to capture investors’ attention with its unique multichain DEX exchange, which was developed to offer easy asset swapping.
Cutoshi Coin – Analysts Reveal What Is Fueling Its Adoption
Barely a few weeks after unveiling the presale, Cutoshi is already witnessing rapid growth. Experts are already comparing this growth with that of the PopCat meme coin, which surged by more than 1000% sometime in the year. Some analysts attribute the rise to the ecosystem, which is designed to bring DeFi closer to the people.
The Cutoshi ecosystem includes a multi-chain DEX exchange that will connect blockchains while allowing easy asset swapping. This removes the need for third parties, which in turn ensures privacy and security, following in the footsteps of popular DEXs such as Uniswap and PancakeSwap.
At the ongoing presale, the CUTO token is sold for $0.015. Unlike Solana and Sui, which have huge supplies, Cutoshi has a limited supply of 440M, of which 55%, representing 242M tokens, is mapped out for presale. In essence, token scarcity is imminent. Some analysts believe the limited supply is fueling its adoption and estimate a 20x rally in the coming weeks.
Sui Price Analysis – What Is Behind the Sui Meteoric Rise?
Sui, the layer 1 blockchain, has witnessed a massive rise in the past weeks, surpassing the $1.7 mark for the first time since April. CoinMarketCap stats show that Sui’s price has grown by over 101% and 12% in the monthly and weekly charts, respectively.
The Sui market capitalization has experienced a remarkable 144% growth, jumping from approximately $1.84 billion in early August to over $4.5 billion in just a few weeks. Market watchers link the rally to the rising user activity within the Sui DeFi ecosystem and the opening of Grayscales SUI Trust to accredited investors.
Tradingview statistics show that Sui is trading above its 50-day and 200-day SMA with bullish market sentiment. Ali Martinez observed that the number of social interactions surrounding Sui crypto is at an all-time high. As such, the popular crypto analyst thinks that Sui’s price may have more room for growth.
Solana Price Prediction – Can SOL Price Hit $185 in October
Solana, the fifth-largest cryptocurrency by market capitalization, is back on experts’ watch lists after breaking through the $157 mark for the first time since August. This comes a few days after popular crypto influencer VanEck experts predicted a bright future for Solana.
The analysts based their prediction on the transaction speed in which the Solana blockchain is able to process 31 times more transactions than Ethereum. While the ongoing market rally is fueled by the bullish market trend, which has seen several altcoins rebound, data from Armis Terminal shows that Solana has outshined other blockchains in net inflow in the past weeks.
Meanwhile, technical analysis from Tradingview shows that moving averages are showing a buy signal. Coincodex Solana price prediction shows the popular altcoin will hit $181 in the coming weeks. However, to achieve the target, Solana needs to break the $160 mark. A successful breakthrough could push it to the next zone at $185.
Which Cryptos Will Lead the Next Market Boom?
As the market shows signs of an imminent rally, Solana, Sui and Cutoshi could lead the next market rally. With experts projecting the Solana and Sui cryptos to break more boundaries, Cutoshi’s limited supply makes its hard to overlook.
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