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Discover the top altcoins to invest in before the market potentially explodes this October, featuring Solana, Floki, and Cutoshi.
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The “Ember” months are considered to be very crucial for the financial market, and this belief further contributes to the high expectations for a bullish Q4. Particularly in the crypto market, there has been a noticeable consolidation for many cryptocurrencies, which market analysts believe is an early indication for an imminent bullish market.
In view of this, some top altcoins that have demonstrated early potential for a price rally in the coming weeks are Solana (SOL), Floki (FLOKI), and new presale star Cutoshi (CUTO). While Solana and Floki appear to be headed for previous resistance levels following recent retracement, Cutoshi is attracting massive attention in the presale market. Let’s find out why.
Cutoshi’s DeFi integration set new standard in memecoin market
There are meme coins, and there is Cutoshi which took a bold step outside of the box. By integrating a DeFi Hub within its ecosystem, Cutoshi strategically positions itself at the intersection of memecoin entertainment and decentralized finance, thereby appealing to a more diverse audience.
Besides, the project is particularly inspired by Satoshi Nakamoto’s core blockchain principle, which is spelled out in its focus on decentralization, privacy, and monetary freedom. As such, Cutosi ecosystem consists of community centric features, including a decentralized exchange, a staking protocol, and a learning academy that aims at financial illiteracy.
Meanwhile, Cutoshi’ Chinese Lucky Cat logo, which is associated with good fortune and wealth, inspires a positive mindset among members. This belief is also ingrained in the native CUTO token which powers the Cutoshi ecosystem’s operation from transaction to staking and governing processes. Currently priced at $0.015 in its initial presale stage, analysts are predicting a 100x growth for this memecoin.
Floki demonstrates bullish potential amid price recovery
Like Cutoshi, Floki is another top altcoin that aims to expand beyond its fundamental capabilities. This explains the growing interest among investors who are now keen on the memecoin’s potential for a Q4 rally.
Currently priced within a weekly range of $0.00016 and $0.00013, FLOKI price reflects nearly 22% price decline. However, on a positive note, the price appears to be headed back to its previous resistance as it looks to have made quite some recovery from its weekly low of $0.00012.
Should this happen to be the level retest for support, then Floki token may be on for a bullish breakthrough that could send FLOKI price beyond the resistance level at $0.00017. Given this positive outlook, coupled with a bullish year-to-date price gain of over 640%, market analysts and token holders are very optimistic for an imminent price rally.
Solana consolidation comes to a halt, reclaims $140 price mark
Following a noticeable decline below the $135 price level, Solana is finally showing signs of recovery as it is now consolidating around the $140 price mark. Notably, SOL price has dipped by over 12% in the past week, which shrunk its monthly price gain to only about 6%.
While the recent consolidation is attributed to the recent market retracement, it is also needed to build a bullish momentum. For context, SOL price has struggled to cross the $160 price mark after two attempts over the past two weeks. The zone retesting at $135 price mark could help build enough support that will in turn, give SOL token the push it needs.
Meanwhile, the native SOL token has gained significantly in the past year, registering over 500% price increase to its current price around $140 from an opening price of $22.6 exactly a year ago. Considering this positive outlook, market analysts are optimistic about the possibility of a bullish Q4.
Conclusion
While both Floki and Solana have established a dominant market presence with a generally bullish price outlook, neither can boast a guaranteed ROI as would a presale token. Meanwhile, Cutoshi isn’t just a presale champion as it also delivers several disruptive features that have attracted a lot of interest to the project.
For more information on the Cutoshi presale, visit: https://cutoshi.com/
Join and become a community member: https://twitter.com/CutoshiToken, https://t.me/cutoshi
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This article first appeared at crypto.news
