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Reading: Solana (SOL) Meme Coin Bonk (BONK) Faces Tough Competition From Cutoshi (CUTO) In Q4
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COINTURK NEWS > Sponsored Article > Solana (SOL) Meme Coin Bonk (BONK) Faces Tough Competition From Cutoshi (CUTO) In Q4
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Solana (SOL) Meme Coin Bonk (BONK) Faces Tough Competition From Cutoshi (CUTO) In Q4

COINTURK NEWS
COINTURK NEWS 8 months ago
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Solana $145-based memecoins have been having good times in the last couple of months, with Bonk among the cryptos leading the pack. Altcoin Buzz, a popular market analyst, thinks meme coins are more than just memes.

Contents
Cutoshi Gains Momentum, Set To Surpass Solana MemecoinsSolana Price Prediction: SOL Could Hit $250 Amidst Ongoing Bullish MomentumExpert Forecasts Bullish Rebound For Bonk In Upcoming Market TrendsWhich Memecoins Could Skyrocket 100x In The Coming Months?

With upcoming projects such as Cutoshi, meme coin adoption could skyrocket in the coming weeks. Cutoshi is set to rival popular meme coin coins for market dominance. Unlike Bonk, which thrives on hype and speculation, Cutoshi is backed by a multichain DEX and educational platform, which will boost its adoption.

Cutoshi Gains Momentum, Set To Surpass Solana Memecoins

Due to its fantastic features, Cutoshi is gradually establishing itself as a meme coin titan to watch out for in Q4. Having started the presale phase a few weeks ago, Cutoshi has raised over $600K, with early buyers already in profit. With the growing momentum, there is a high possibility of the team hitting the $4M milestone in Q4 and the CUTO price surging by 40X in the same time frame.

Cutoshi is not your regular memecoin; it has real utility and numerous use cases. One of the core features or tools in the Cutoshi ecosystem is the non-custodial multichain decentralized exchange, which brings blockchains together and allows for the swapping of digital assets.

The Cutoshi Farming protocol rewards users who complete different tasks on the platform. Another feature to watch is the Cutoshi Academy, which enhances users’ understanding of DeFi and the cryptocurrency industry. In its quest to boost the project’s visibility, Cutoshi has been listed in CoinMarketCap, giving investors the opportunity to learn more about the project.

Selling for just $0.022, this is a golden opportunity to join the project, which has a limited total supply. With its deflationary mechanism, the chances of CUTO token scarcity are high in the future.

Solana Price Prediction: SOL Could Hit $250 Amidst Ongoing Bullish Momentum

Solana (SOL) has continued to show a bullish trend as its price moves upwards. According to CoinMarketCap, Solana’s price gained 13% in the past month and 6% in the past week. Amid the ongoing market resurgence, the Solana trading volume has grown by 26% in the past day, which suggests growing interest in the altcoin.

According to the latest Solana news by Solana Floor, the altcoin has flipped Ethereum $2,440 in 7-day fees for the first time. While Solana generated $25.7 million, Ethereum lagged behind with $23.28 million, showing more interest in the Solana blockchain among institutional investors.

Meanwhile, the Solana coin market sentiment is bullish, with high chances of further uptrend. Crypto analyst The Moon thinks that as long as the Solana price stays about the $160 neckline, the rally will continue. Looking at Solana’s technical indicators, Coincodex thinks the coin price will hit $200 in the short term.

Expert Forecasts Bullish Rebound For Bonk In Upcoming Market Trends

In the YTD price metrics, the Bonk price has increased by over 3700%, ranking among the top Solana meme coins. However, the meme coin value has dropped by 12% in the past week. The positive news is the rising Bonk trading volume which could lead to a reversal in the coming days.

The Bonk chart from Tradingview shows that the meme coin displays a double bottom pattern, which suggests that a bullish reversal is close. According to Trader Sam, a crypto trader on X, as long as Bonk’s price stays above the $0.000015 mark, Bonk has a high chance of retesting the $0.000029 and $0.000044 mark.

Meanwhile, Bonk is trading above the 50-day SMA but still below the 200-day SMA. The market sentiment is bearish, with only 14 green days in the past months. However, with the rising market activity and growing adoption of the Solana ecosystem, the meme coin might use Solana’s influence and hit the moon soon.

Which Memecoins Could Skyrocket 100x In The Coming Months?

Competition is high in the market, with investors searching for meme coins with clear road maps that can guarantee long—and short-term returns. Given CUTO’s unique utilities in the ecosystem, like the DEX and learning academy, Cutoshi token might soon topple Bonk and other Solana meme coins.

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Disclaimer: This article is a press release. COINTURK NEWS is not responsible for any damage or loss related to any product or service mentioned in this article. COINTURK NEWS recommends that readers carefully research the company mentioned in the article.
You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
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 31 October, 2024 - 11:25 am 31 October, 2024 - 11:25 am
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