Top CTO Cryptos To Buy Ready For The Bull Run

As the cryptocurrency market gears up for the next bull run, CTO cryptos offer the best opportunities for investors seeking massive profits. CTO, short for Community Takeover, is a fairly new movement in the crypto industry in which communities come together to revive a project in the event the developers abandon or rug pull the project. Successful CTOs usually result in significant price rallies to huge market caps. Here are 3 top CTO cryptos to buy for the bull run.

1. CTO Cryptos To Buy – Apu Apustaja (APU)

Birthed from the deepest parts of 4chan, a simple internet bulletin board where anyone can post anonymously, Apu has grown to a $143 million market cap.

Apu Apustaja is based on Apu Apustaja, an internet meme that resembles a poorly drawn variation of Pepe the Frog. The name ‘Apu Apustaja” means “Help Helper”. Apu was launched on the Ethereum mainnet around early March, and initially, everything went well since the developer was active, liquidity was locked, and everything about the contract was clean.

However, a month later, the community noticed the developer was dumping tokens from multiple wallets linked to him. This led to a cascading effect of investors abandoning the project, which led to an 84% crash in the price of the asset. However, the community took over the project and pushed it to an all-time high market cap of $311 million on May 21. 

Sitting at $0.0004103, APU is up 22% in the day. APU’s market cap, however, is down over 50% from its ATH providing an opportunity to bag this CTO crypto in the current dip. The daily trading volume is up 4%, signaling a recent uptick in market activity.

2. Terra Luna Classic (LUNC)

The story of Terra Luna Classic is well-known to most crypto enthusiasts. The woes that befell Do Kwon and Terraform Labs (TFL) have graced headlines almost every month since the downfall of this once $40 billion blockchain.

Nevertheless, after the fall of the original Luna blockchain, Do Kwon abandoned the classic version for a new one – Terra 2.0. The founder then became a fugitive, running from American and South Korean law enforcement for financial crimes charges. 

LUNC price crashed from $115 on April 6 2022 to less than $1 a month later. The price even further hit an all-time low of $0.000001 on May 13, 2022, before immediately bouncing back. 

Following the crash, the community resolved not to abandon the blockchain as a portion of the same community moved with the founder Terra 2.0. 2 years later, Terra Luna Classic still lives on and runs through the Terra DAO. 

Through community proposals and votes, the network lived on, facing many challenges including malicious validators and community division on key decisions on the blockchain’s direction. 

The price of LUNC today is $0.00008213. Investors who managed to snipe the crash on May 13, 2022, are up 8,075% in profit today. LUNC market cap is at $449 million and the daily volume increased by 132% in the last 24 hours, signaling a recent spike in investor interest. 

1. SEC case and Terra lost
2. TFL winding down
3. Lunc & USTC will be burn
4. Huge tax burn
5. Price dump
5. BTCTurk say hacked
6. Binance stop $5.3m fund

How all this is connected up ? There are two rumors. Binance burn test or TFL secret wallet cashing out before burn.

— KT4⃣.Lunc.BNB (@ktham43) June 23, 2024

The recent developments on the  SEC-TFL case have left the community in a precarious situation. The community is now deliberating on whether to merge Terra 2.0 and Terra Classic into one community-led blockchain. 

3. Gigachad (GIGA)

Gigachad is a meme token deployed on the Solana network in honor of Ernest Khalimov, the face behind the Giga Chad meme. The project did well at first after launching in February but a month later, the developer abandoned the project. The community took over the projects and pushed up from $11 million to $47 million market cap.

GIGA price is trading at $0.001639 at press time, up 10% in the last 24 hours. The value of GIGA has retraced back to around $15 million market cap, giving buyers a great entry position to bag this CTO crypto.

Gigachad 24-hour trading volume is up 450%, indicating that investors are gaining interest in this meme coin. There is strong support around a $10 million market cap that may provide a bounce-off level back to the previous ATH.

Conclusion

The state of crypto community takeovers is a testament to the resilience of the crypto community. A phenomenon like this in traditional finance would be a short squeeze and are fairly difficult to pull off. As the crypto community grows, these stunts will become harder due to stringent regulations.

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