The month of October has been nothing short of impressive for the altcoin market as many altcoins witnessed price resurgence. The meme coin market saw the likes of Popcat (POPCAT) rising exponentially in the past month, renewing the interest in meme coins.
Furthermore, Neiro Ethereum (NEIRO) and Cutoshi (CUTO) alongside Popcat token ranks as top performers this month. Cutoshi in particular is a presale meme coin, but with its uniform ecosystem and presale progress, it is contending with already established cryptos for more returns.
Cutoshi Attracts Immense Investment Profit Due To Its Lucrative DeFi Based Ecosystem
The progress that Cutoshi (CUTO) has experienced in its presale can be attributed to its special meme-backed and DeFi-based platform. This unique combination has been able to pull well over $570k for Cutoshi in its revenue, attracting investors from several financial markets. Notably, Cutoshi upholds a well principled meme coin platform that stands by core blockchain values like anonymity, monetary freedom, and decentralization.
In line with this, Cutoshi’s cultural theme is inspired by the popular Chinese Lucky Cat associated with wealth, progress, and goodluck. In its hybrid ecosystem, Cutoshi integrates intrinsic features like a DEX protocol where users can trade cryptocurrencies across multiple chains easily and conveniently, while also allowing P2P transactions. The transactions on this DEX platform are facilitated by its native $CUTO token.
Worthy of mention is CUTO token’s buyback and burn mechanism which increases its scarcity, thereby resulting in a surge in demand and value. While this portrays Cutoshi’s long term potential for gains, other features like a token farming model and a DeFi learning hub, also makes it a lucrative yet educational platform. Currently, $CUTO token is selling for $0.022, representing a 46% jump from its initial presale price.
Popcat Token’s Bullish Momentum Allows It Outperform Floki By Market Cap
As one of 10 top meme coins with the largest market caps, Popcat (POPCAT) has gained widespread attention and community support. With many viewing the POPCAT token as a potential high gainer this year, the Solana-based meme coin is living up to expectations as it just recently flipped over the Floki coin.
Currently, POPCAT token now ranks as the 6th largest meme coin with a market cap above $1.40B. This positive performance adds to POPCAT token’s monthly price outlook, having increased by roughly 45% in the past month, as observed in the price chart below.
In the past week, Popcat price has also risen by nearly 8% from an entry price of $1.32 to $1.48, further establishing the possibility for a sustained uptrend throughout Q4. Additionally, Poopcat’s moving averages are pointing towards a strong buy signal, which further suggests a possible breakout that could lead to a new ATH.
Neiro Ethereum (NEIRO) Experiences Sudden Price Spike While Consolidating
After retracing down to lower levels since it hit its historic high of $0.298 on August 7th, Neiro Ethereum (NEIRO) token has been consolidating below the $0.10 price mark. However, the slowing momentum in NEIRO price trajectory can be overlooked considering it is only just in its first cycle of growth, since it just launched a few months back.
In a recent development, Neiro Ethereum spiked by almost 17% rising above its crucial resistance level of $0.0706 as seen in a daily chart above. This growth portrays the resilience of Neiro Ethereum price even though it suffered roughly 14% decline in the past week, and over 11% in the past month.
At the moment, NEIRO token sits in trading within the weekly price range of $0.092 and $0.068 which brings NEIRO price further below the $0.100 price mark. Regardless, TradingView shows that NEIRO token may fall to lower levels, while setting itself for an upward surge in the near future considering the neutral position of its relative strength index and 30-day moving average.
Is Cutoshi A Strong Contender To Popcat?
Considering its vast ecosystem and DeFi based platform which Popcat doesn’t have, Cutoshi is more than a strong contender in the meme coin market. Popcat Currently beats Cutoshi on sheer virality, it is exciting to see how the future will pan out.
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