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As the crypto market dips, major players like BlackRock and analysts remain bullish, accumulating Cardano, Avalanche, and newcomer Cutoshi for their breakout potential.
Table of Contents
Is Cardano preparing for a breakout year?
Why AVAX is central to BlackRock’s tokenization strategy
Cutoshi’s presale raises over $1.3m
As the crypto market experiences a flash crash, big players and analysts such as BlackRock and Ali Martinez are loading up on coins like Cardano (ADA), Avalanche (AVAX) and Cutoshi (CUTO).
Is Cardano preparing for a breakout year?
After years of slow development in comparison to the many blockchains, Cardano has been on a tear, until the recent flash crash. But popular trader Ali Martinez is still bullish on ADA due to technical analysis, and says “#Cardano is doing the same as it did in 2020, which is why I’m buying! Even if it dips down to $0.76, I’m buying more and plan to book profits between $4 and $6.”
The two major changes for ADA this year are the upcoming change in US administration, since ADA will not be classified as a security.
Another boost came from Cardano’s integration with BitcoinOS. A smart contract system expanding Bitcoin’s capabilities by connecting it to platforms like Cardano. This allows for secure and private interactions using ZK technology. Which brings much-needed cross-chain functionality and gets rid of the need for traditional bridges, improving scalability and efficiency.
Why AVAX is central to BlackRock’s tokenization strategy
Avalanche failed to hold the $50 resistance level and is now trading at $44, which some traders, like Martinez, see as a potential buying opportunity. But the real whales in Avalanche right now are interested in BlackRock’s launch of the Digital Liquidity Fund BUIDL, using Securitize.
This move is due to asset managers like BlackRock being very bullish around the tokenization of real world assets, something which the BUIDL fund makes possible on Avalanche.
BlackRock is creating its own stablecoin on Avalanche. Each BUIDL token represents one share of $500M+, a fund designed to maintain a stable value of $1 per token. Investors receive daily dividends directly in their wallets, with the Fund allocating 100% of its assets to cash, U.S. Treasury bills and repurchase agreements.
This setup lets investors earn yield on fiat or stablecoins that might otherwise sit idle. On Avalanche, the fund offers much lower fees compared to other blockchains where it’s available, making it an attractive option for cost-conscious investors.
Professor Mike from Binance says that AVAX could be headed for a $300 price point in 2025, based on various analysis points.
You might also like: Cutoshi price projection 2024, 2025, 2026: CUTO poised to reach $1
Cutoshi’s presale raises over $1.3m
While Cardano and Avalanche are now blue chips in the crypto world, Cutoshi is a new player, still in presale. However, that hasn’t stopped the whales from piling in, as the project has raised $1.35 million in less than two months, a clear sign that traders are bullish on its potential.
Cutoshi recently completed its $2,000 meme competition, which showcased the creativity of its growing community and its focus on user engagement. The project has trended three times so far on X, proving that the Chinese Lucky Cat branding with a DeFi twist resonates with the crypto crowd.
The whitepaper outlines ambitious plans, starting with a cross-chain DEX designed to simplify on-chain trading. It also includes features like P2P transactions for users who value privacy and a learning academy aimed at onboarding newcomers into DeFi.
Cutoshi is currently in Stage 4 of its presale, tokens are priced at $0.031, marking a 100% gain from the initial price. Over 20% of the stage is already sold out.
With a low market cap of $13m, Cutoshi has significant room for growth. If it achieves even a fraction of the success seen by other MemeFi projects, early backers could see substantial returns when the token lists on exchanges.
To learn more about the Cutoshi presale, visit the official website.
Join and become a community member on Twitter and Telegram.
Read more: Ethereum whale purchases $10K worth Of CUTO, as Cutoshi goes viral on X
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