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Amid broader cryptocurrency market consolidation, “the Ethereum killer,” Solana has witnessed selling pressure in the past weeks. But things are starting to look up again, with Solana’s Open Interest rising to new highs. This signals growing optimism around the altcoin. While Solana traders anticipate a rally above $200, investors are turning to Cutoshi, a fast-selling presale star tipped to make the next crypto millionaires.
Cutoshi Expected To Outshine Popular Meme Tokens
Cutoshi is the latest presale star that has witnessed considerable interest in the market. It introduces a meme-inspired token infused with DeFi functionalities, an aspect that has appealed to both DeFi and Meme traders. With the Lucky Cat as its mascot, Cutoshi intends to tokenize good fortunes and bring them into the blockchain. Following Satoshi’s vision of blockchain technology, Cutoshi will build an ecosystem where investors are given decision-making powers and control.
To accomplish these objectives, Cutoshi will feature a multichain DEX, which will make cross-chain transactions easier. It will remove the common barriers to entry for newcomers to DeFi, enabling faster and smoother asset swaps across different blockchains. Another notable feature is the Cutoshi farming protocol, where investors earn additional rewards. To start farming, investors will complete challenges and quests to earn points that can be redeemed for more $CUTO tokens.
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Currently, CUTO tokens are sold at a modest price of $0.022. This is a 46% ROI from its initial offering of $0.015. Experts anticipate more breakout rallies before its official launch. This represents an intriguing opportunity for investors to capitalize before the price soars.
Is Solana Price Ready for a Rally Above $200?
October, known as Uptober in the cryptocurrency community, has more often than not sparked major rallies on the market. Solana’s price is green again after being in a consolidation phase and struggling to hold above the $150 mark, which remains a crucial resistance level. On-chain metrics like active and new addresses in the Solana Network have had a notable increase.
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Source: TradingView
Since August 5, the SOL token has observed largely range-bound price action between the upper boundary around $163.70 and the lower boundary around the $110 region. Notably, the price of Solana is looking to continue on this trendline, extending gains by roughly 13% and now targeting the $200 region. However, it might face resistance around the $151 mark, as its relative strength index (RSI) reads 50.38, around the neutral level.
A bullish candlestick close below the October 10 low around the $135.52 region would have invalidated the bullish thesis for the Solana coin. Notably, the Solana token could sweep liquidity at the 200-day Exponential Moving Average (EMA) at around $140.67. Overall, the Solana blockchain has gained consistently riding on the meme coin ecosystem’s growth.
Cutoshi and Solana: Best Altcoin Choices In October
While Solana’s price is preparing for more extended rallies, Cutoshi represents the freshest opportunities for 100x returns. Backed by strong fundamentals, ambitious tokenomics, and high growth potential, Cutoshi has positioned itself to deliver breakout rallies that mirror the price trajectory of popular meme coins like Dogecoin.
For more information on the Cutoshi (CUTO) Presale:
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