Cutoshi Meme Coin Gains Momentum Amid Crypto Market Decline: Bitcoin & Ethereum Face Liquidations

The crypto market cap has declined heavily in the past 24 hours, with close to half a billion bullish bets on crypto liquidated. Data from Coinglass shows that Bitcoin traders betting on high prices lost over $122M, while Ethereum bets lost close to $100M, the highest figure since July. 

Meanwhile, as the market continues to witness turmoil due to geopolitical pressure, investors are keenly migrating to Cutoshi, a new DeFi project on the path of revolutionizing the meme coin market. The project’s fantastic multi-chain DEX exchange has been rated among the best in the market with experts projecting massive growth for the CUTO token. 

Cutoshi – the New Ethereum Meme Coin Making Waves Across the Market

With the latest market turbulence, investors are migrating to popular upcoming projects with great potential. Cutoshi is a project inspired by the traditional Chinese Lucky Cat and Satoshi Nakamoto teachings. 

People previously placed Lucky Cats in their homes to harness their lucky powers. Cutoshi aims to bring that to the blockchain. Adding to Nakamoto’s original vision for blockchain technology, which is decentralization, privacy, and monetary freedom, Cutoshi is building a community where decision-making powers are given to investors. 

While focusing on decentralization and wealth generation, the team also puts security, anonymity, and privacy at the heart of everything they do. To achieve its objective, the Cutoshi ecosystem is loaded with fantastic tools and features. Richly among them is the multichain DEX exchange which allows for cross-chain transactions. 

Another notable feature is Cutoshi farming, in which investors are rewarded for participating in quests. There is also Cutoshi Academy, where you can learn more about the project and cryptos. At the ongoing presale, CUTO is sold for $0.015. With a limited supply of 440M and backed by a deflationary mechanism, analysts project 40x rallies soon. 

Bitcoin Price Declines Amid Rising Political Tension

Bitcoin, the popular cryptocurrency, has slumped in the past 24 hours. This decline comes against a huge $242.53M outflow in Bitcoin ETFs on October 1, according to Sosovalue data. Bitcoin CoinMarketCap data shows a slight 3% drop in the weekly price chart as the coin faces the bear trend. 

The technical analysis from Tradingview shows that Bitcoin market sentiment is neutral, with the Fear and Greed index showing 42 (Fear). Having failed to surpass the $65K major resistance trendline in the past few days, Bitcoin has seen its value struggle to hold the $61K support zone. However, BTC is still trading above the 50-day SMA, with Coincodex projecting a rise to $86K soon. 

According to Ali Martinez on X, traders are capitalizing on the dip to buy more BTC on Binance, with over 60% going long on Bitcoin.  Market data shows that Bitcoin whales have bought over 50K BTC worth around $3.15B in the past week as analysts project massive growth in the coming weeks. With signs of a resurgence, Bitcoin price might hit $70k in October. 

Which Coins Are Worth Investing in October?

What seems like a positive start to October is already changing direction as Bitcoin price struggles to take the lead. With BTC price facing a major battle at the $65K mark, Cutoshi could be a good alternative. The new project is already gaining attention, with experts estimating a significant rise before its listing. 

For more information on the Cutoshi (CUTO) Presale: Visit the Cutoshi Website

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