Despite this, Cutoshi, an Ethereum-based meme coin, continues to take the presale market by storm. Its stage two presale is almost sold out, with over $630K already raised. This high momentum is attributed to the project’s unique DeFi features.
Cutoshi Surges By Over 46% In Its Ongoing Stage Two Presale
Like most meme coins, Cutoshi has a fun story behind its conception. The project draws inspiration from the Bitcoin founder’s ideals, backed by the Chinese Lucky Cat, believed to bring luck and prosperity. Cutoshi aims to create a unique DeFi ecosystem with superior features, including a multichain DEX platform.
The multi-chain DEX will help users swap crypto assets across various blockchains, resolving interoperability issues. Cutoshi will also feature a farming protocol, which is set to launch soon, where its community members can complete quests and earn rewards. This move aims to create an interactive and engaging experience, setting the project apart from hyped meme coins.
With such features, Cutoshi has positioned itself to better mirror the top meme coin’s price trajectory. The CUTO token has already recorded a 46% surge to trade at $0.022 from its starting price of $0.015. Backed by its capped supply of just 440M CUTO tokens, the price of Cutoshi is set to record significant gains in the coming presale stages.
Ripple Price Nearing Its Breakout Point
Despite Ripple’s legal cases, the altcoin seems to be targeting bullish momentum. It has several price points on the target, including $0.59, $1.50, and its critical target level of $7.50. According to EGRAG CRYPTO, the breakout XRP price target will drop to $0.59 in the next two days.
Source: EGRAG CRYPTO
Ripple’s price is currently around the $0.51 mark. Achieving the $0.59 price target would represent an upward shift from its current price. This critical level could be an initial resistance level if the Ripple coin moves upward.
Moreover, the symmetrical triangle that the XRP price has consolidated for the past few years suggests a pending decisive move. If the XRP token breaks above the triangle’s upper boundary, it could experience massive bullish trends. Its ongoing case with the SEC could also impact its price. However, reaching the breakout level of $0.59 will indicate a potential surging trend, paving the way for higher targets like $1.50.
Toncoin Price Hits A Strong Support Level: Is $8 On The Reach?
Toncoin (TON) is set to record significant uptrend momentum after hovering around its one-year MA, an important indicator on its price chart. In past bull cycles, Toncoin has always tendered to remain near this average, which has helped stabilize its value.
Source: CoinMarketCap
To show volatility, the CryptoQuant chart on Toncoin has marked three deviations, including the 2, 5, and 8 Sigma deviations around this average. These deviations showcase how the Toncoin price can vary in changing market conditions. With the TON’s price currently near the one-year MA, an upward momentum is set to happen soon.
Historically, Toncoin price, trading around the $4.8 mark, only drops below the one-year MA in bear markets, meaning the current bullish market might limit dipping risks. This pattern, therefore, makes the current support level a significant point for investors looking for a stable entry point with a calculated level of risk.
Are CUTO, XRP, And TON Worthy Investments?
Ripple and Toncoin are set to record bullish momentum, reducing the risk of dips in the coming days. Moreover, Cutoshi is already experiencing upward momentum as its presale continues to attract investors. Its built-in utilities and token scarcity also make it a low-risk project with high surging potential.
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