As the crypto market progresses through the fourth quarter of the year, October, being the first month of the quarter, serves as the best time to start diversifying or re-investing in order to reap the final gains the year has to offer.
Experts have concluded that Ethereum (ETH) $2,925, Floki (FLOKI) and Cutoshi (CUTO) are some altcoins with incredible potential this month. Cutoshi in particular, currently in stage two of its presale, has generated bullish momentum among investors, especially following its recent listing on CoinMarketCap.
Cutoshi’s Launch Might Spark A Meme Coin Rally Due To Its Vast DeFi Potential
Inspired by Satoshi Nakamoto’s Bitcoin $76,278 core principles and the popular Chinese Lucky Cat, Cutoshi operates as a hybrid MemeFi platform with a DeFi-oriented ecosystem offering lucrative, engaging and educational features. Primarily, Cutoshi houses a decentralized exchange (DEX) platform where users can swap crypto assets across multiple chain networks.
Cutoshi’s token farming mechanism allows participants to earn rewards when they engage in different community quests. This is also accompanied by a DeFi Learning Academy to spread DeFi knowledge to the masses. With these moves, analysts are predicting Cutoshi to be the next meme coin with 100x growth potential.
Meanwhile, after just a few weeks in the presale market, this new meme coin has accumulated over $500k and is showing potential of surpassing the likes of Dogecoin $0.195367 and Shiba Inu. Recently, the value of Cutoshi’s native deflationary token jumped by 46% in its second presale stage, taking its price from $0.015 to $0.022. But more interestingly, its unique deflationary model is poised to deliver consistent higher gains over time.
Ethereum Price Holds Strongly Above $2,600 Showing Positive Momentum
The price of Ethereum started a downward movement around late September into early October, which spread across the altcoin market. However, following a brief bullish momentum from Bitcoin, Ethereum price rose again, maintaining an upward surge that took its price above the crucial $2,600, as observed below.
This recent rise has allowed the native ETH token to price up by over 13% in the past month and nearly 10% in the past seven days. This trend signals a positive momentum for Ethereum price at the moment, as many investors believe its price resurgence will continue throughout the last quarter of the year.
While the giant altcoin has previously surpassed $4,000 this year, experts think another bull run this year can potentially drive the price of Ethereum above its ATH at $4,891. Meanwhile, technical analysis further backs up this sentiment as Ethereum’s 20, and 50-day moving averages points at a buy signal.
Floki Price Trajectory Gradually Picks Up Pace But A Bullish Spike Is Likely
After falling from its late September’s high like most of other top altcoins, Floki (FLOKI) has made a sharp incline but has been steadily rising up since the start of October. Now, Floki token has risen by 19.63% in one month and over 9.36% in the past week.
However, as seen in the chart above, most of the Floki price ascent in the past month was brought by its late September’s peak. This has led analysts to predict another similar or even higher surge for Floki token before the end of Q4.
Interestingly, technical analysis on TradingView also shares the same sentiment, with the moving averages for Floki token signaling a strong buy. This could ultimately mean that an imminent rise is already set for Floki token while it rests in lower levels.
Can Cutoshi Replicate The Progressive Success Of Floki?
As one of the pioneers of meme coins with practical utilities, Floki has held its ground as one of the top ten meme coins for years. With the DeFi, Web3 and DEX platform, Cutoshi can catch up with Floki and is capable of even higher adoption.