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1 month ago
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ARTICLE AD BOX
October is often seen as the month that sparks bullish activity within the crypto market, especially for meme coins. Despite the crypto market’s recent consolidation phase, analysts are still anticipating a significant rally soon, especially for Ethereum-based meme coins, including Pepe (PEPE), Mantle (MNT), and Cutoshi (CUTO).
Cutoshi, a utility-based token, has already raised over $310K in presale, signaling investors’ interest in the meme coin. This growing momentum in the token presale has been attributed to its innovative features and ambitions of following Pepe’s price trajectory with 1000% gains predicted.
Cutoshi – An Ethereum-Based Token Promising Tripple Returns By The End Of Q4
Unlike hyped meme coins, Cutoshi (CUTO) stands out as a memecoin with utility features. For context, the Cutoshi ecosystem harbors strong use cases backed by utilities such as the Cutoshi DEX for swapping and exchanging digital assets and an academy that will help bridge the crypto knowledge gap.
Community members can also earn through the platform’s Cutoshi farming. Members can complete quests and claim rewards. Inspired by the Chinese Lucky Cat and Nakamoto’s teachings, Cutoshi wants to bring prosperity, wealth, and luck to user’s digital assets while echoing the principles of freedom, anonymity, and monetary empowerment to the masses.
As such, CUTO will be recognized as a tribute to decentralized finance, with the main objective of providing full decentralization and financial freedom. Its limited token supply of just 440M and a planned CEX listing after presale set the base for future price increases by driving an immense demand for the token.
Pepe (PEPE) Price Records Over 34% Monthly Surge
Pepe Coin’s price performance has shown significant strength, erasing a zero from its price again. In the past week, the price of Pepe has been trading between $0.0000084 and $0.0000096, reflecting an over 34% surge in the past month. This upward trend indicates Pepe’s market resilience amid the recent market volatility triggered by global events.
As the token continues to recover, it appears to target its key resistance levels, with the potential of a further 30% rally, bringing it closer to new highs. If the current Pepe price rally holds, then the meme coin is set to record another bullish trend, targeting a market cap of around $8B, given its previous peak of $7B.
Pepe coin currently trades above the 50 and 200-day simple moving averages of $0.0000084 and $0.0000086, respectively. This makes it a strong contender for massive gains by the end of 2024.
Mantle (MNT) Price Prediction
The price of Mantle (MNT) has formed a rounding bottom pattern. Its price movements have formed a pattern that resembles a bow also known as the saucer bottom pattern. Generally, the rounding bottom normally indicates a long-term price reversal.
Source: TradingViewThis pattern also emphasizes the changes in market sentiments, as the trend seems to shift from bearish to bullish. If this trend continues for MNT, which has been trading around the $0.60 mark, its price could reach its resistance level of $0.67 and $0.85.
The meme coin has already established itself as a better investment in 2024, with Mantle’s price prediction suggesting that it could hit the $2 mark by the end of the year. Furthermore, with future upgrades for the MNT token, it might soon surpass its current ATH of 1.51.
Will Cutoshi Match Pepe And Mantle Price Performance?
Both Pepe and Mantle prices have surged, showcasing the meme coins’ resilience within the market. However, Cutoshi also aims to emulate a similar trend, promising its investors a significant surge that will see the token trade at 3x its current price.
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