While Solana price has been consolidating for several months now, its recent jump above the $170 mark suggests an imminent price breakout. Likewise, Tron’s positive performance over the past week has put it back on track for an explosive fourth quarter. Meanwhile, Cutoshi is attracting more attention from the pre-sale market following its recent listing on CoinMarketCap.
The crypto market is still relatively bullish, with the recent jump in the Fear and Greed Index above 50% highlighting neutral sentiment on both the bull and bear sides. Notably, the recent market trend portends an imminent bullish trend for some of the major cryptocurrencies, including Solana (SOL), Tron (TRX) and the burgeoning pre-sale star, Custoshi (Cut).
Cutoshi Hybrid Ecosystem Gets More Visibility Amid CoinMarketCap Listing
The Ethereum-based Cutoshi project has been making headlines for reasons other than securing a spot on CoinMarketCap. In fact, most of its community members are particularly attracted to its hybrid protocol which many believe is a game-changer for the evolution of meme coins. By adopting Satoshi Nakamoto’s Bitcoin fundamentals of decentralization, privacy, and monetary freedom, Cutoshi sets a new standard for emerging meme coins.
As such, Cutoshi’s main appeal lies in its unique ecosystem that hosts DeFi-based features including a DEX platform, staking protocol, and farming mechanism. Basically,
Cutoshi’s goal is to increase participation in DeFi by leveraging Meme Coin’s community-based approach as well as other sophisticated technological innovations within the Cutoshi ecosystem.
Meanwhile, Cutoshi culture draws inspiration from the popular Chinese lucky cat, widely known to bring good luck and wealth. By paying homage to traditional chat with its avatar, Cutoshi promotes a positive state of mind among users. With a well-designed DeFi learning center and a deflationary mechanism for its $CUTO token, Cutoshi is already expected to become the next breakthrough in the meme coin market, especially after its 46% surge to $0.022 in its second stage of presale.
Solana’s recent price increase could break a months-long consolidation
Solana’s (SOL) recent price surge marks its latest attempt to break out of its months-long consolidation. Previously, SOL price fell to levels below $140 twice earlier this month, during which it reached a low price of $135, as shown in the monthly chart below.
However, over the past two weeks, SOL prices have recovered significantly and even came close to the $180 mark before finally stabilizing at their current level. weekly price range of $152 and $173. With the recent price increase, SOL price has now seen an increase of almost 13% in the past week and around 16% in the past month.
Meanwhile, it remains unclear whether the SOL token will be able to maintain its bullish momentum and break through the $180 resistance level to ultimately surpass its 7-month ATH of $202. In any case, technical analysis of the SOL token, including its moving averages, indicates strong buying, suggesting that the current trend could persist for some time.
Tron price records modest but gradual increase
Unlike Solana, the Tron (TRX) token has not seen a triple-digit price increase over the past year, but it has enjoyed a truly gradual trajectory, however slow. Notably, PriceTron has increased by almost 80% over the past year, from an entry price of $0.092 to a yearly high price of $0.166, as shown in the chart below.
Meanwhile, despite their progress, TRX tokens have not had a good run since the beginning. Specifically, Tron price saw a notable decline in February, going from a high of $0.142 to its lowest level of the year around $0.109. However, without succumbing to the bearish pressure, the TRX price increased soon after, with the uptrend still intact until now.
Currently trading in a weekly price range of $0.158 to $0.166, TRX price reflects an increase of approximately 4% over the past week. While it is not entirely clear whether the current trend will continue due to slowing broader crypto market dynamics, the Tron token moving averages and the oscillators indicate a very strong buy signal.
Can Cutoshi generate more returns than Solana and Tron this fourth quarter?
Up 46% from $0.015 to $0.022 during the second stage of its presale; there is no doubt that Cutoshi’s early backers expect an exponential gain. Cutoshi’s pre-sale status offers a stable price increase until its launch, Solana and Tron could both be subject to market fluctuations, especially as the fourth quarter gradually ends.
For more information on the Cutoshi (CUTO) presale:
https://cutoshi.com/
Join and become a member of the community:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
This is a sponsored post. The opinions expressed are solely those of the sponsor and readers should conduct due diligence before taking any action based on the information presented in this article.