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Reading: Analyst Sees Utility Coins Taking Over In Q4 With Solana (SOL), Toncoin (TON) And Cutoshi (CUTO)
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COINTURK NEWS > Sponsored Article > Analyst Sees Utility Coins Taking Over In Q4 With Solana (SOL), Toncoin (TON) And Cutoshi (CUTO)
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Analyst Sees Utility Coins Taking Over In Q4 With Solana (SOL), Toncoin (TON) And Cutoshi (CUTO)

COINTURK NEWS
COINTURK NEWS 8 months ago
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As Q4 starts to near its peak, savvy investors are bracing up for the imminent rally with strategic investments in promising altcoins. Notably, top altcoins like Solana $144 (SOL) and Toncoin (TON) are already considered as choices for significant gains this Q4.

Contents
Cutoshi Serves As Intermediary Between DeFi And Meme Coin MarketSolana Price Maintains Positivity Amid Long Spanning Fluctuational CyclesToncoin Token Suffers Brief Decline As It Prepares For A Major Price SpikeWhich Has The Most Potential To Lead Q4 Gains: CUTO, SOL Or TON?

However, a new presale meme coin, Cutoshi (CUTO), is teased to deliver more profits due to its peculiar positioning in the crypto market. Particularly, after recently gaining a listing on CoinMarketCap, there has been a growing interest in the presale star and its hybrid DeFi-based ecosystem.

Cutoshi Serves As Intermediary Between DeFi And Meme Coin Market

Having accumulated well over $500k in its second presale stage, Cutoshi (CUTO) is gaining widespread attention as it comes out with a unique meme-based DeFi platform. Precisely, Cutoshi’s ecosystem features elements like a DEX protocol that allows users to trade cryptocurrencies across multiple chain networks, whilst engaging in token farming to earn additional tokens and other complementary rewards such as NFTs and Merch.

Championing Satoshi Nakamoto’s Bitcoin $104,624 core principles of decentralization, privacy and monetary freedom, Cutoshi doesn’t compromise on its cultural values. The MemeFi protocol pays tribute to the Chinese Lucky Cat which is generally known for wealth, and goodluck. Further promoting a positive mindset amongst the community members.

The entire operation of the Cutoshi ecosystem is powered by the native $CUTO token. Doubling as a deflationary token, the CUTO token is designed to be self-sustaining. By adopting a burning mechanism, the CUTO token’s circulating supply is gradually depleted in order to drive scarcity which in turn boost demand and value over time. Having surged by 46% to $0.022 in the second presale stage, the CUTO token is set for a major disruption.

Solana Price Maintains Positivity Amid Long Spanning Fluctuational Cycles

Since its gradual rise to a yearly peak of $202 in the middle of March, Solana (SOL) token has been consolidating till this date. However, the positive side of this occurrence is that SOL stood out alongside other crypto coins by consolidating in a safe range at a time when the majority of altcoins went bearish.

Lately, Solana price has been quite impressive with the value jumping by ove 15% in the past month and over nearly 9% in the past week. Solana’s fluctuation throughout the past 6 months also allowed it to stay in its highest levels without the price ever forming a bearish pattern, as observed below:

Although, it may take the whole of this Q4 for the native SOL token to reach its all-time high, however, the potential for this possibility is higher next year. As a result, Solana price is poised to continue its slow but progressive bullish trend throughout Q4, especially considering the new developments announced in the recent Solana Breakpoint event.

Toncoin Token Suffers Brief Decline As It Prepares For A Major Price Spike

Although Toncoin (TON) has lost some momentum in the past week, the native TON token is still holding a lot of positivity as it struggles to maintain a price trajectory above $6. Currently trading within a weekly range of $5.12 and $5.37, TON price reflects over 6% decline in the past month and less than 1% in the past week.

Despite its declining price, TON token still holds a generally bullish trajectory especially when its year-to-date price is considered. As seen below, the token has refused to succumb to a bearish pattern as it maintains a positive momentum above the $4 range.

After it recently surpassed $400M in TVL, there has been growing optimism among investors and TON holders, for a price resurgence this year. Meanwhile, TON token recently reached an all-time high four months ago, when it hit $8.24. Owing to this positive outlook, Toncoin may surpass its ATH in the next bull run which may likely commence this Q4.

Which Has The Most Potential To Lead Q4 Gains: CUTO, SOL Or TON?

Solana and Toncoin are already established altcoins unlike Cutoshi, which means their potential for continued gains is likely. Cutoshi, on the other hand, is still growing gradually in its presale which just started a few weeks back. Despite this, Cutoshi shows real promise and has all the potential to share the top spot for altcoin gains this Q4, alongside Solana and Toncoin.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 24 October, 2024 - 12:10 pm 24 October, 2024 - 12:10 pm
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