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After showing signs of an imminent rally, Bitcoin seemed to have lost the battle at the $65k mark, with a significant drop in the past day. This is coming as the Bitcoin ETFs continue to witness positive turnup. Recent data showed that the Bitcoin ETF closed the month of September with a positive 7,111 net inflow ($453.42) to suggest more interest in digital assets.
Meanwhile, with Bitcoin showing signs of further decline, investors are migrating to other popular projects like Cutoshi, which is projected to trump Solana-based meme coins in profit in the year. The Cutoshi project, which is backed by a distinct multi-chain DEX, has been compared to Uniswap, with top experts estimating a 500% rise in 2024.More details below.
Is Now the Best Time To Buy Cutoshi?
There is one major saying that early investment in top projects is where significant gains are made. Some experts believe now is the best time to buy Cutoshi, the revolutionary defi hub, meme coin, and ecosystem inspired by the Chinese Lucy Cat. In the past, people placed the Chinese Lucky Cat in their homes to maximize its lucky powers.
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Cutoshi is on a mission to bring this lucky Cat to the blockchain. Cutoshi’s objective is to bring wealth, prosperity and Luck to your digital assets. To accomplish this, Cutoshi is building a unique multichain DEX which will fulfill the major visions of Satoshi Nakamoto which are decentralization, privacy and monetary freedom.
Outside of the DEX, the Cutoshi ecosystem has other tools that rank it top, such as an academy to learn more about cryptos. There is also token farming, in which investors stake their assets for rewards.
Moving forward, the native token, CUTO, an ERC-20 token, is sold for just $0.015, with the price expected to increase soon. Unlike other projects, the Cutoshi presale might end sooner than anticipated due to the limited supply. As such, now might be the best time to buy.
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Bitcoin Price Falls As Institutional Investors Continue To Accumulate
According to market data, Bitcoin price gained 7.35% in the month of September to make it the best September on record. Ali Martinez in an analysis on X observed that anytime the BTC price closes September on a high note, the final 3 months of the year always witness bigger gains.
While the market prepares for a bullish rally, Bitcoin CoinMarketCap data shows that the price has dropped sligthely in the past day as BTC failed its attempt to cross the $65K mark. The positive takeaway remains the rising Bitcoin trading volume which shows investors confidence in the project. According to data from TradingView, Bitcoin is trading above the 50-day and 200-day EMA.
The Bitcoin market sentiment remains bullish with Coincodex Bitcoin price prediction standing at $87,835 in the short term. Meanwhile, the Bitcoin news has been positive in the past few days with Japanese based investment firm Metaplanet announcing the acquisition of additional 506.7BTC valued at $32M. With more whale accumulation, BTC might hit $70k in December.
Which Crypto To Buy and HODL in Q4
The recent BTC news has been positive – from the BTC ETFs witnessing a total net inflow of $1.26B in September to the rising accumulation of BTC among whales, there are clear signs that Bitcoin price will boom soon. However, the cheap price of Cutoshi makes it investors favorite in Q4. With the meme coin in its nascent stage, now is the best time to buy.
For more information on the Cutoshi (CUTO) Presale:
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