Known as the Ethereum killer, Solana has continued its uptrend, rising above the $150 level. The key driver behind these bullish sentiments is its rising on-chain metrics, coupled with a rising number of meme coin holders on Solana Blockchain. Experts are now predicting that the SOL price is gearing up for double-digit gains.
Meanwhile, Cutoshi’s presale continues to gain momentum due to its remarkable market performance. At the stage 2 presale, Cutoshi (CUTO) has already delivered a 46% ROI to its early adopters, with experts anticipating a further price increase before launch.
Cutoshi To Capitalize On Uptober Rally
Cutoshi (CUTO) is the latest meme coin in the market, catching the attention of crypto enthusiasts and investors. It seeks to revive meme culture while offering practical utilities. As a DeFi hub with a solid community, Cutoshi has combined the essence of the Chinese Lucky Cat with Satoshi Nakamoto’s vision of blockchain technology. As such, the project aims to create a community-driven ecosystem where decision-making lies in the hands of its users.
At the center of the project is its DEX swapping protocol, which will enable users to carry out cross-chain transactions while ensuring better security and privacy. This will make it easier for users to trade and swap their assets. Moreover, investors will have an opportunity to earn additional rewards through Cutoshi farming. To start farming, users will complete challenges and quests to earn points that can be redeemed for more tokens.
Its learning academy aims to bridge the knowledge gaps in crypto and create awareness for the project. With a deflationary mechanism and a total supply capped at 440 million, Cutoshi will experience scarcity that will bolster its demand, ultimately triggering its value appreciation. At a modest price of $0.022, Cutoshi presents an intriguing opportunity for investors to capitalize before its price soars.
Solana Price Prediction: Could SOL Reclaim $200 Again?
Solana (SOL) continues its upward trend, rising above the $150 mark. The main driver behind this rally is its on-chain metrics and the rising number of meme coin holders on the Solana blockchain. Typically, a rise in the number of token holders highlights an increasing demand. According to IntoTheBlock, data indicate that the SOL chain climbed by nearly 7% in the last 30 days.
Given the growth of these two on-chain metrics, it signals higher demand and, more likely, an increase in the asset’s relevance among market participants. As such, the price of Solana has traded range-bound for about six months, with key support levels at $134.27 and $144.71, representing the September 19 and October 12 lows, respectively.
The mentioned levels align with the upper and lower boundaries of the imbalance zones in the daily price chart. Its Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) reflect bullish sentiments. Its RSI, in particular, is far below the overbought zone. Notably, the green histogram bars just above the neutral line on the MACD indicator suggest a positive underlying momentum for the SOL token.
Therefore, Solana’s price could rally by nearly 12% from the current level of $151.73 towards its upper critical resistance level of around $169.43. Solana coin will reclaim its August 2 high, aligning with its lower boundary of the Fair Value Gap (FVG), which is between $169.43 and $171.61
Can Cutoshi Follow Solana’s Price Trajectory?
As Solana’s price continues to showcase impressive momentum, investors have also opted for Cutoshi, the freshest meme coin with the potential to make the most returns. With a low price entry point, Cutoshi can deliver massive ROI.Â
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