Solana’s price has witnessed a modest bullish trend, trading around its critical support levels. However, emerging FTX plans could potentially introduce volatility, affecting SOL tokens in the near term. On the other hand, Popcat’s market capitalization breaks above $1 billion.
Meanwhile, Cutoshi‘s presale continues to gain traction after delivering over 46% ROI. Experts now believe that this promising project could follow Solana’s price trajectory.
Cutoshi to Redefine The Meme Coin Sector With DeFi Features
Cutoshi (CUTO) is one of the new additions to the meme coin market. What is particularly unique about the project is how Cutoshi fuses DeFi ideals with inspiration from the legendary Bitcoin founder, Satoshi Nakamoto, who is renowned for advocating privacy, freedom, and decentralization. The meme coin also takes a cue from the iconic Chinese Lucky Cat as its theme.
With a balance of DeFi and meme coin features, Cutoshi is perfectly positioned to offer value to both sectors. To help solve the common problem of cross-chain operations, the project has created the Cutoshi DEX. The DEX will help simplify token swaps across chains, saving both time and money. As an Ethereum-based token, Cutoshi will also enjoy the scalability and security of the Ethereum blockchain.
Cutoshi also considers community development paramount in its ecosystem. The project will introduce the Cutoshi Merch and Academy, adding more vibrance to the community while narrowing the knowledge gap in crypto. CUTO is currently trading at $0.022, surging by over 46% from its starting price of $0.015. The token is also set to record a 100x growth potential by the time the presale ends, mirroring Solana and Popcat’s price performance.
Could Solana Price Reach $180 In October?
Solana’s price, along with other cryptocurrencies, has experienced renewed optimism after the Bitcoin rally. The fifth-largest altcoin has been hovering around its critical support levels, but FTX’s plan to unstake an estimated $27 million worth of SOL token could potentially introduce volatility into its market, affecting the price of Solana in the near term.
According to historical data, the unstaked SOL tokens will be transferred through multiple addresses, moving to exchanges like Binance or Coinbase, highlighting a possible liquidation. If large amounts are liquidated, it could disrupt the current SOL bull run. If Solana’s price manages to maintain this bullish trend, its next resistance level to watch will be around the $160 level. This could further signal potential gains towards the $180 mark.
Source: TradingView
However, bearish momentum could hit Solana around the $150 mark if the broader market faces a pullback. If the bears can take control of the market, the price of SOL could push back to $80. As market experts watch closely, investors are concerned about increasing selling pressures if FTX continues its liquidating strategy.
Popcat (POPCAT): First Cat-Themed Meme Coin To Breach Above $1B
Cat-themed meme coins are witnessing considerable on-chain activities after Popcat’s impressive market capitalization hit over $1.29 billion. While this is an incredible milestone, the Popcat coin faces new competition from a promising alternative, Cutoshi.
Many analysts have made bullish Popcat price predictions, suggesting that the price of Popcat stands a chance of breaking even higher. According to the Popcat candlestick arrangement, the POPCAT token is within the accumulation range and will witness a declining momentum when it breaches the local resistance.
At the moment, the price of Popcat is facing liquidation around the $1.5 mark, which was a new October high. Notably, if the cat-themed meme coin breaks this level, it will record a new all-time high, potentially increasing its market capitalization to greater heights. As such, Popcat is among the best cryptos for driving capital growth.
Is Cutoshi A Top Pick For October?
Like Solana and Popcat, Cutoshi holds the potential for better gains in October. The project has already attracted many investors, and the momentum is set to continue, especially with Cutoshi’s built-in scarcity, which will drive immense demand for the token, pushing its price even higher in the coming months.
For more information on the Cutoshi (CUTO) Presale:
https://cutoshi.com
Join and become a community member:
https://t.me/cutoshi
Source: https://blockchainreporter.net/100x-your-crypto-wallet-with-the-top-3-picks-of-cmc-this-october-solana-popcat-and-cutoshi/