Solana’s Biggest Wallet Phantom Faces Downtrend, As Cutoshi Shows A 46% ROI To Its Early Investors So Far In Presale!

Despite the relative bullish momentum that Solana is showing in the crypto market, one of the biggest wallets in the Solana blockchain is facing the risk of an extended sloppy bearish trend. 

Meanwhile, the Cutoshi project has continued to attract investors since its presale. Having already recorded 46% ROI for early investors, Cutoshi is gearing for further rallies that could see a much higher value gain before the end of Q4.

Cutoshi (CUTO) On Course To Hit The $1 Million Mark In Presale As Momentum Surges

The Cutoshi meme project could be reaching the $1 million milestone earlier than anticipated, given the reinforced momentum that saw the token get listed in CoinMarketCap. Having raised over $600,000 within a month into its presale, Cutoshi’s surging potential has seen more investors join the project, shortening the estimated time frame that the presale will last.

Cutoshi harbors one of the hottest utilities among its meme counterparts. With utilities like multi-chain DEX exchange that allows for seamless swapping of digital assets across multiple blockchains, Cutoshi stands out strongly in the market.

The Cutoshi ecosystem also hosts a yield farming infrastructure, which rewards active community members with CUTO tokens for participating in quests. Another noticeable feature is the learning infrastructure designed to boost users’ understanding of DeFi and the crypto market.

Solana (SOL) Partners With Chainlink As It Consolidates On Its Bullish Sentiment

In the latest development from Solana (SOL), the project is partnering with Chainlink to share data streams. These data streams would help give Solana developers access to high-frequency market data that is backed by decentralized, transparent infrastructure.

The implications of this partnership will mean better infrastructure that will improve the execution of perpetual futures, detailed market liquidity insight, higher frequency data updates, and more. This development is sure to further solidify Solana’s growing momentum in the market.

As shown in the market stats, Solana’s price has gained over 15% within the last month to see it approach a long-term resistance level of $186. With the present growing momentum of Solana in the market, the token could surge above the $200 mark by December.

Source: CoinMarketCap

Phantom (PHM) Hit With A Downtime Amid Declining Market Trajectory

The biggest Solana-based wallet, Phantom (PHM), has had a significant downtime that affected transactions and service delivery. In an X post from their official handle, Phantom acknowledged the incident while they “work to resolve the issue.”

The incident is coming at a time when Phantom’s price performance in the market is on a bearish trend. As market data shows, the Phantom token market trajectory has recorded over 9% loss in value over the last month.

Source: CoinMarketCap

The token’s declining value may record a further dip if the network continues to fluctuate in the market.

Final Verdict: Which Token Will See Better ROI In Q4

Solana and Cutoshi have maintained similar bullish sentiments and are likely to see a significant uptrend. However, Cutoshi will likely outrank Solana due to the unique multichain DEX that will trigger massive interest in the platform. Other tools like the educational platform and farming mechanism, are likely to draw investors to Cutoshi, which will increase demand for CUTO.

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com/

Join and become a community member: 

https://twitter.com/CutoshiToken
https://t.me/cutoshi

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.