The October bull rally is on, and interest in cryptocurrency is growing massively. The crypto user population has already surpassed that of early internet users, as claimed by Bitininning on X. The analyst put active monthly crypto addresses at 220M, which is greater than the number of early internet users.
Meanwhile, the current market stats show Pepe Coin could resume its rally in the coming days. Also, Cutoshi and Cardano are among the tokens tipped for a massive uptrend. Banking on the multichain DEX, Cutoshi is making waves in presale as experts anticipate a 50x bullish rally before the end of the year.
Cutoshi Emerges As A Threat To Pepe Coin, Potential 200% Surge On The Horizon
Pepe is a household name in the meme coin space, but its supremacy is threatened by the emergence of hybrid memecoins which mix utility with memes. Cutoshi (CUTO) is an Ethereum-based meme coin that has grabbed investors attention. It is developed on two ideologies – Satoshi Namakoto’s visions for blockchain technology and the traditional Chinese Lucky Cat..
Combining these ideas, Cutoshi aims to bring luck to your digital assets while also giving you power and control over them. The Cutoshi DEX protocol is one of the core tools in the ecosystem. It permits users to carry out on-chain transactions across multiple blockchains while ensuring transparency and anonymity.
Active members of the Cutoshi ecosystem can earn extra CUTO tokens via the Cutoshi Farming mechanism which rewards users for completing quests. There is also a learning academy where users can learn more about DeFi and the cryptocurrency market at large.
The native utility token CUTO powers the ecosystem and is sold at $0.022. The token has a limited 440M total supply and a deflationary mechanism that keeps the value in check. Having been listed in CoinMarketCap and with the limited supply, the demand for CUTO will continue to grow rapidly. Analysts think 40x rallies are possible before listing.
Cardano Price To Hit $0.54 Soon
Having traded laterally for weeks, Cardano’s (ADA) price is showing signs of a significant breakout. The Moon, a crypto analyst on X with over 1.3M followers, believes that Cardano is about to break out of its 1-day symmetrical triangle. The expert believes if the altcoin breaks to the upside, Cardano’s price will head towards $0.54.
Source: The Moon on X
Cardano price shows a year-to-date growth of 36% as per CoinMarketCap. However, both the market cap and trading volume are down as the coin slides down below the $0.40 support zone. The Relative Strength Index (RSI) is 46, which means Cardano coin is neither overbought or oversold.
Zooming in, Cardano is trading below the 50-day and 200-day SMA in the daily and 4-hour timeframe, a sign of a bearish market. However, some analysts remain optimistic of a resurgence and believe the dip is the best time to accumulate the token.
Investor Interest In Pepe Could Drive Price Up 100%
After recording a significant rally, which pushed the price to an ATH of $0.000017 in May, Pepe (PEPE) has yet to achieve such a milestone for months. Attempts made in late July and late September couldn’t yield significant gains as Pepe’s price failed to climb above the $0.000013 mark.
CoinMarketCap data shows Pepe’s price has increased by 1396% in the past 12 months, making it one of the market’s top performers. Popular crypto experts such as Crypto Zeus are bullish on Pepe Coin. The trader observed that whales are accumulating Pepe tokens, which could push the price up.
Pepe Coin has recorded 18 green days in the past month, with over 15 technical indicators bullish. Pepe Coin is trading above the 50-day and 200-day SMA, an indication of an upcoming rally. Coincodex experts suggest that the Pepe coin could hit $0.00003446 next month.
Which Altcoins Offer The Most Potential For Investors This Month?
Pepe Coin has been showing a positive price movement in October, which has excited holders. However, aside from Pepe, Cardano is another crypto that is looking promising. Although in the dip, there are high expectations of a resurgence.
For Cutoshi, analysts project massive rallies soon. In addition to the recent listing, CUTO could soon become a high-demand token.
For more information on the Cutoshi (CUTO) Presale:
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