Crypto is already exceeding market expectations as its influence grows. The US elections are near, and cryptocurrency donations for the 2024 elections have already surpassed previous cycles. According to ,Satoshi Talks $160 million worth of cryptocurrencies have already been donated, dwarfing $15 million raised during the 2020 elections.
Meanwhile, Solana and Kaspa cryptos have been making bullish movements in the market recently; however, a new player, Cutoshi is set to enter the market. Backed by a one-of-a-kind ecosystem that hosts a multichain DEX, this new Ethereum-based meme coin is expected to witness huge growth and adoption in the coming weeks.
Cutoshi Emerges As Top Contender Vs Solana-Based Meme coins in 2024
Despite the positive price signals shown by Solana and Kaspa in the market, new cryptos such as Cutoshi are expected to see gains driven by the robust ecosystem. The Cutoshi project has already raised over $500K within a few weeks of launching the presale, a clear indication of acceptance in the competitive crypto market.
One of the ecosystem’s core features is the multi chain DEX. Within the DEX, traders can swap digital assets seamlessly, removing the need for a third party. Users can earn rewards in the Cutoshi framing mechanism by completing quests and challenges. Another useful tool is the Cutoshi Academy, a place where users can enhance their knowledge of DeFi and cryptocurrency.
Cutoshi’s overall aim is to promote decentralization and financial freedom. The project was designed based on two ideologies: the traditional Chinese Lucky Cat, believed to bring luck and wealth to people, and Satoshi Nakamoto’s principles for blockchain technology.
Cutoshi is currently in the stage 2 of presale, with the $CUTO token selling at $0.022. Cutoshi tokens are pegged at 440 million in total supply with a deflationary mechanism.
The project has just been listed on , CoinMarketCap which boosts its credibility and visibility. Given the strong use case in the ecosystem, there are high hopes that CUTO’s price could gain significantly before listing to major exchanges.
Solana Price Prediction – Is $200 Possible By December?
Although Solana has experienced massive growth in the year, it is still way below its all-time high record of $260, which it attained in the 2021 bull season.CoinMarketCap data shows that Solana’s price has soared by 472% in the past year, with a market cap of $79B.
While the Solana coin keeps giving mixed signals, HexaTrades an analyst on X, thinks Solana’s price has broken out of the ascending triangle on the 1D timeframe. The analyst expects the Solana token to head to an extended rally which could push the SOL price above the $200 mark in the coming days.
Source: HexaTrades on X
Even though Solana recorded only 14 green days in the past month, it is trading above the 50-day SMA and 200-day SMA. Solana market sentiment is bullish, an indication of growing investors’ interest. If the bulls can push the Solana price above the key resistance levels at $170.92, $175.00, and $179.69, then it could hit $200 in the coming weeks.
Kaspa Bulls Show Strength As Price Soars
Kaspa (KAS) has broken out of the corrective phase after spending some weeks in the consolidation zone. The Kaspa chart shows that the bulls look to be in control, with experts such as Bysi Yakat projecting an extended rally. Yakat believes there is no way back from Kaspa’s current position as it has run sideways long enough.
Source: Bysi Yakat on X
According to the expert, the Kaspa weekly chart shows strong consolidation with an imminent breakout. If that happens, Yakat pegs the short-term target at $0.85 and the long-term target at $3.5. While Kaspa’s price has increased by 171% in the ,YTD price metrics it has dropped by 18% in the past month.
Although Kaspa is trading below the 50-day and 20–day SMAs, its trading volume is on the rise, which could trigger more rallies. Even with the unconvincing market outlook, Coincodex remains bullish with a short-term Kaspa price prediction of $0.44.
The Cryptocurrencies Poised For Massive Growth
The October rally is on, and top crypto coins like Solana and Kaspa are showing bullish tendencies in the market. Cutoshi, driven by the blend of meme virality and DeFi demand, is also expected to follow this uptrend.
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