Predicting accurately the movement of a cryptocurrency is a slim chance at best in the ever volatile market. With Bitcoin $98,141 price sparking a broader bullish resurgence, altcoins are even more volatile than ever, which paints a picture of a bullish Q4 as many have predicted.
As such, these top altcoins, Ethereum (ETH) $3,489, Floki (FLOKI) and Cutoshi (CUTO) have maintained a bullish trajectory as they have shown impressive price performances that signal them as the best cryptos to buy in October. Cutoshi in particular, is a presale meme coin with even more growth potential.
Cutoshi— The Multi-Functional MemeFi Platform Poised For Remarkable Growth
So far, Cutoshi (CUTO) has grown to become a shining new opportunity among large-scale and risk-averse crypto investors. Its growing recognition has pulled over $500k in its second presale phase as more investors are buying its native $CUTO token while anticipating its meme-backed DeFi ecosystem— an innovation contributing to the evolution of meme coins.
More than just a meme coin, Cutsohi operates as a hybrid ecosystem integrated with a decentralized exchange (DEX) where investors and traders can swap several cryptocurrencies across multiple blockchains. Additionally, there’s a staking protocol and a token farming mechanism for users to win extra tokens alongside complementary NFTs and Merch by participating in community-based challenges.
Meanwhile, powering all its operations is its native currency, $CUTO, which it currently sells for $0.022– a 46.67% jump from its previous price of $0.015. The native token has a buyback and burn mechanism which deflates its supply thereby increasing its demand and value over time. This is set to spearhead Cutsohi’s prediction of seeing a 100x rally post-launch.
Ethereum Price Struggles To Stay Above $2,600 But Shows Bullish Potential
Although Ethereum (ETH), the largest altcoin on the market, has gone through its fair share of turbulence, its trajectory is still positive for the year. As ETH price consolidates between a weekly range of $2,345.81 – $2,637.13, experts are positive that this giant altcoin could still spearhead a bullish wave this October.
As seen in its monthly chart above, the native ETH token was able to gain above $2,600 during late September, before it eventually dropped below this price at the beginning of this month. After battling with bearish pressure, Ethereum token refused to fall below its monthly resistance as it rose up again in a 7% weekly jump above $2,600 price level.
While it continues its recovery journey, investors are keeping watch for the giant altcoin’s moves. Interestingly, technical indicators, including moving averages are in favor of a bullish momentum, which further suggest that there may be more price movements for ETH token in the upward direction.
Floki Price Trajectory Exhibits Significant Spike Above Its Weekly Resistance
Due to its entertaining innovation, Floki (FLOKI) token has always been a spectacle in the broader market as its network maintains an impressive activity rate, currently jumping by roughly 33%. While the native FLOKI token maintains a weekly price range of $0.0001261 and $0.0001546, experts believe this meme coin will reach a higher level this Q4.
However, the price of Floki token has risen by over 8% in the past week and over 17% in the past month, with most of its gains happening in late September as seen in the chart below.
Considering its overall 705% year-to-date increase, Floki price is still maintaining a generally bullish momentum for the year as even its moving averages are indicating a buy signal for the token. This further implies that Floki may be on the verge of witnessing an imminent resurgence that may push its price back above the 4-months ATH of $0.00032.
Does Cutoshi Have More Growth Potential Than Floki?
Both Floki and Cutoshi are unique tokens that go beyond what meme coins are known for. With both stretching their practicalities into different markets, a high growth potential is a sure bet for each.
While it is impossible to tell which has more growth potential in the long-term, Cutoshi has more potential to do better on a short-term trajectory especially now that it is progressing through its presale phase. This ultimately positions it among the best cryptos to buy in October.