Crypto News Today: Solana 3 Month Price High Triggers Buying Frenzy Of Undervalued Coins Like Cutoshi (CUTO)

Solana’s growth is believed to have triggered a ripple effect, resulting in investors paying attention to high-value tokens, such as Cutoshi. The Cutoshi project, which is currently in presale, is witnessing increasing whale accumulation with over $630k raised. As one of the biggest gainers in October, there are high expectations of Cutoshi in Q4.

Cutoshi has hit the ground running in the crypto market as it garners momentum in presale. Apart from growing a devoted community of investors who’ve raised over $630,000 so far, Cutoshi has also made significant inroads into the industry, which has seen it get listed on CoinMarketCap.

The driving force behind Cutoshi’s surging momentum is the multiple use cases, which makes the project a big player in the DeFi industry. Amid the several utilities that Cutoshi harbors, these few stand out, multi-chain DEX exchanges for trading crypto assets across multiple blockchains. Community yield farming infrastructure that rewards active community members who engage in quests, raids, events etc. Cutoshi Academy infrastructure to narrow the knowledge gap in crypto and DeFi.

Meanwhile, there’s still a chance to join the presale for only $0.022, early investors of the presale have already recorded a 46% ROI. Among the factors that could boost the demand are the limited total supply and the deflationary feature, in which 7% of the total supply was allocated for burning events.

Solana (SOL) as a blockchain and token has been showcasing consistent bullish sentiment over the last few months. For context, Solana’s price has gained 12% within the last month to reach the $180 mark for the first time in 3 months as per CoinMarketCap data.

Source: CoinMarketCap

This resurging price trajectory of Solana can be attributed to the increased market volume on the Solana blockchain from meme coin developers. For context, market data shows that the Solana-based meme coin market cap recorded an all-time high of over $12 billion in the past few days.

The price of Solana has also recorded 13% gains in the past month, as against Ethereum’s 3% gain in the same time frame. Meanwhile, an attempt to break through the $180 key resistance trendline in the past few days was unsuccessful. The rejection has seen Solana’s price fall to the $175 support mark.

However, as long as Bitcoin continues its bullish sentiment, it is only a matter of time before the Solana coin flips the $184 next resistance zone or mounts a challenge at the $200 mark. Meanwhile, traders are exercising caution as Solana’s RSI in the 1-D time frame is closer to the overbought zone. That means a slight retracement is possible soon.

There is no doubt that Solana and Cutoshi are projects with rallying trajectories. However, Cutoshi’s potential percentage growth is way higher than that of Solana. If Solana breaks its all-time high, it will only gain 32%. Meanwhile, Cutoshi has already gained 46%, and has the capacity to provide exponential gains.

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.