Cardano Could Stabilize In October, But Experts Predict 50% Spike In Cutoshi

With an upcoming alt season, October should be a month of fortunes in the crypto market. However, not all tokens will have the same performance. While Cardano is expected to have a stable market performance, Cutoshi could have a far more exciting trajectory.

Cardano: A Stable Performer

Standing at $0.334 Cardano fell 16% in the last 7 days, however, it is still up by 4% since last month. In fact, it has maintained a yearly growth of 27%. Yet, despite this performance, its technicals aren’t giving positive signals.

While the weekly chart’s oscillators are neutral, the moving averages are in the red. With an RSI of 42, we’re still not in the oversold area. With the market trending upward, there are reasons to expect a stable performance.

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Most recently, Cardano saw the launch of fGLD, its first tokenized gold product. Launching with a market cap of just $150,000, this token is set for significant growth. Tokenization and RWAs are some of the most promising utility plays in blockchain, so this sector will likely benefit Cardano. Notably, estimates put RWAs at $2 Trillion by the end of the decade, meaning that Cardano can get a piece of this pie.

Cardano also saw a major milestone with the launch of Midnight’s public testnet, focusing on

privacy for decentralized applications. Zero-knowledge cryptography ensures privacy on this sidechain.

There’s also been a 30% increase in addresses holding 100 million to 1 billion Cardano. This is a significant number in the median holders section. At the same time, holders up to 100 ADA increased by just 0.68%. On the other hand, the number of whales, those holding those holding 10 million to 100 million, declined by 3,05%.

This suggests that Cardano ownership is becoming more decentralized, and consequently, more resilient. With this in mind, Cardano is set for stable performance, with less negative pressure on its price.

Cutoshi: a Lucky Cat Utility Token

In contrast to Cardano’s stability, Cutoshi has the potential for much higher gains. This memecoin, based on the Chinese Lucky Cat and Satoshi’s vision, blends memecoins with utility.

Currently in its presale stage, the token is an early-stage opportunity for those investors looking for major gains. The key to this growth is its comprehensive DeFi ecosystem, which gives the token its utility.

Cutohi wil feature a multichain decentralized exchange, NFTs, an educational platform, and multiple ways to farm tokens. Its DEX will also use its revenues to burn CUTO, making the token deflationary.

Notably, the project attracts both memecoin and DeFi traders. This is significant, as the memecoin market has grown tremendously recently. Top memecoins like Pepe and Bonk saw 100x gains over the last year.

In Q1 2024 the meme coin market cap grew by 169% reaching $60 Billion. The DeFi market size valued at $24 Billion is expected to grow to $48 Billion by 2031.

Since it’s in the presale stage, analysts predict Cutoshi should experience a 50% price surge in October during its presale. Traders that get in early could clock 100x gains after the token lists on exchanges. Check it out here before it gets sold out.