.png)
4 days ago
1
ARTICLE AD BOX
Dogecoin (DOGE) and Avalanche (AVAX) are popular cryptocurrencies experiencing significant gains in the current market rally. However, investors have noticed the high potential in smaller tokens and are diversifying their portfolios.
Cutoshi, is emerging as a key contender in the competitive DeFi space. It has combined the essence of the Chinese Lucky Cat with the power of decentralization, positioning it to compete with top altcoins like Dogecoin and Avalanche.
Cutoshi (CUTO) Garners Presale Momentum With Its Farming Mechanism Set To Launch Soon
Cutoshi blends the appealing energy of a meme coin with state-of-the-art blockchain technology to create a DeFi hybrid ecosystem. Backed by its unique features, Cutoshi has captured investors’ attention, offering over 46% ROI in stage two of its presale. Its stage two presale has already sold out over 75%, with over $630K raised.
What makes the project stand out is its DEX. This novel cross-chain exchange connects isolated blockchains while allowing cheaper and quicker transactions. Moreover, Cutoshi provides an opportunity for its community to earn free CUTO tokens by completing different quests, with its Cutoshi farming feature.
Cutoshi also focuses on narrowing the knowledge gap and lowering entry barriers through its learning academy. This learning hub will help crypto beginners by simplifying key concepts while making DeFi more accessible. Its capped token supply of just 440M CUTO tokens is set to drive high demand, possibly pushing its price even higher.
Avalanche Price Analysis: Can AVAX Reach $50 In Q4?
The Avalanche token is looking to stretch its value as the market braces for the next bull run. After Bitcoin briefly hit the $71K mark, the price of AVAX attempted to break out above the $30 mark. It has, however, stabilized around the $26 level. Avalanche technical indicators suggest declining price action. It’s trading below its key exponential moving averages, including the 200-day EMA.
Since August, the price of AVAX has traded on higher highs in an ascending wedge after breaking free from a dominant downtrend. The token has faced volatility, dropping 1.32% on its daily time frame, and has found support near the $25 zone, around the lower edge of its ascending wedge. This indicates that the AVAX token could potentially witness a significant downturn.
Source: TradingView
If market uncertainty intensifies, the price of AVAX could retest the $24 trendline. If the bears take control of the market, AVAX’s price could record lower lows around the $20 and $17 mark. Conversely, a bullish AVAX could retest the $33 resistance level, highlighting a successful Change of Character (ChoCh). If the AVAX coin maintains momentum, it could climb to higher resistance around the $39 and $49 levels.
Dogecoin On The Verge Of Parabolic Run
As indicated by On-chain analyst Ali Martinez, November could become a significant month for Dogecoin. He noted that a sustained surge near the $0.20 level could potentially trigger a parabolic run. Dogecoin has been consolidating for 2,180 days in a triangle pattern that started three years ago in 2021. After successful completion, the DOGE token could witness new highs.
Martinez pointed out that Dogecoin’s price has seen regularity in behavior consisting of long consolidations in triangles. In 2021, for example, the meme coin broke out to $0.75 after 1,096 days of accumulation. This was preceded by a 1,155-day accumulation that made its price rally by 8,933% in 2018.
Source: X (Formerly Twitter)
If Dogecoin replicates this pattern this time, its value could be pushed to $1. This would mark a 500% price surge from its current value. As such, Dogecoin is among the best cryptocurrencies to buy now for parabolic returns.
Can CUTO, DOGE, And AVAX Register Bullish Trends In Q4?
Avalanche and Dogecoin anticipate bullish momentum that could see the tokens record significant gains in the coming months. Just like the two cryptos, Cutoshi is also on an upward trajectory. Stage three of its presale is set to record another surge, possibly pushing the ROI above 46%.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
English (US)