In contrast with how the crypto market was predicted to perform following this year’s BTC halving, the actual market trends have been more unpredictable. While Bitcoin’s growth has been relatively slower than anticipated, some altcoins are seeing unexpected surges while others navigate bearish tides.
In view of this mixed trend, crypto traders are opting for meme coins with the potential to perform excellently, to close off the year. This has led many to Pepe coin (PEPE) and Cutoshi (CUTO), a new hybrid MemeFi protocol with potential to complete 100X rally by 2025. But how is that possible?
Cutoshi Holds Immense Adoption Potential Due To Its Hybrid Approach
Cutoshi (CUTO)’s entrance into the meme coin market marks a complete shift from the existing protocol. As opposed to how meme coins are usually created, Cutoshi comes with practical utilities in the form of a fully decentralized ecosystem, designed to cater for DeFi needs. One of the main features spearheading this innovation is its DEX protocol.
By prioritizing Satoshi Nakamoto’s Bitcoin core principles of decentralization, anonymity, privacy and monetary empowerment, Cutoshi allows users to trade cryptocurrencies across multiple blockchains. Cutoshi furthers DeFi participation by including a farming mechanism for users to earn extra rewards while completing quests and challenges.
Additionally, Cutoshi’s inspiration as a meme coin is linked to the Chinese Lucky Cat, which is traditionally known to bring goodluck, wealth and progress. In this way, Cutoshi promotes a positive mindset within its DeFi community. So far, Cutoshi’s presale has successfully raised nearly $500k after jumping by 46% from $0.015 to $0.022 in its second presale stage, with analysts tipping up to 100X surge post-launch.
Bullish Outlook Strengthens In October As Pepe Coin Maintains Positivity
After hitting its all-time high of $0.00001718 five months ago, Pepe (PEPE) has maintained a positive price trajectory, refusing to fall into a bearish trend as the case of many altcoins. Although the token is 40.34% below its ATH, PEPE coin has succeeded in staying above crucial resistance levels throughout the year.
In the month September, PEPE coin price particularly rode on a bullish trend, rising significantly from $0.000008438 to $0.00001176. Although PEPE price subsequently fell from this height as the month elapsed, the frog-themed meme coin resumed this trajectory in October as seen below.
Meanwhile, PEPE price trajectory in October has been a rocky one regardless. With fluctuations heavily attacking its October’s upswing, Pepe coin price is still holding bullish sentiments as it just concluded nearly 31% month-long rise. In any case, token holders remain optimistic as PEPE coin’s directional moving averages indicate a strong buy signal.
Bitcoin Price Stays In A Consolidation Phase Amid Market Uncertainty
Despite high expectations for a significant rally during this year’s Bitcoin (BTC) halving, the pioneering crypto has underperformed compared to previous cycles. While Bitcoin price was able to later hit a new ATH of $73,750 seven months back, some investors are still disappointed with its overall trajectory so far.
However, Bitcoin’s long-term fundamentals remain strong, as the token is consolidating in safe levels. While Bitcoin price has been experiencing a sideways movement between $53,000 and $69,000, the token is still settling in safe levels and hasn’t succumbed to a bearish fall. The chart below portrays this.
Looking ahead, BTC token still holds promise for the remainder of the year, especially as macroeconomic conditions improve. With its technical indicators pointing to a strong buy, investors are hopeful for a bullish takeoff soon.
Will Cutoshi Mirror Bitcoin’s Rise Compared To Pepe Coin?
Both Pepe coin and Cutoshi have strong potential to mirror Bitcoin’s growth. However, Cutoshi might see a higher rally than Pepe in a BTC price pump, owing to its diverse market appeal driven by an hybrid ecosystem, coupled with the deflationary nature of its native token.
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