As the overall market continues to recover, a number of altcoins are showing good signs of significant gains. Analysts predict that Near Protocol (NEAR), Immutable (IMX), and Cutoshi (CUTO) are expected to be the next big winners.
All eyes are on Cutoshi. As a newcomer in the meme coin space, it may make a big splash with its innovative DeFi platform. Let’s explore why its price may soar 10,000% as the cycle progresses.
Near Protocol Reclaims Key Resistance Level
Near Protocol (NEAR) is one of the cryptocurrencies that has performed extremely well in the field of artificial intelligence, with a weekly gain of 31% as investor interest returns. Today, the price of Near Protocol (NEAR) is $5.10, up 8% intraday. Notably, its trading volume surged by 184%, with a trading volume of $746 million in the past 24 hours, making Near Protocol one of the most traded cryptocurrencies in the market.
Near Protocol's rally was partly due to the announcement of a partnership between Alibaba Cloud and Nvidia, which has a positive impact on all AI-focused cryptocurrencies. Near Protocol also hit an all-time high in the number of unique users, with over 1 million active accounts. As the number of accounts continues to increase, analysts predict that Near Protocol could reach $10, making its current price a huge opportunity.
Immutable (IMX) is surging, what’s next?
Immutable is currently selling for $1.80, up 20% from last month. Judging by trading volume, demand appears to be rising dramatically, as Immutable’s trading volume surged 167% to $88 million.
On-chain analysis shows that whales are hoarding Immutable in large quantities. Whale activity is often a harbinger of future trends, and if large investors are building positions, it means that Immutable may experience a large rally in the near future. In addition, Immutable is becoming increasingly popular among game developers. Recently, Immortal Rising 2 was deployed on Immutable's zkEVM network. Other games include RavenQuest Phase 2, The Tree Verse, and Arise.
The new memecoin revolution started by Cutoshi
Cutoshi aims to disrupt the memecoin space because it has real utility beneath its cute appearance.
Cutoshi is inspired by the traditional Chinese lucky cat and has attracted attention for its focus on decentralization and privacy.
Cutoshi’s decentralized exchange brings together all major blockchains in one place, allowing users to seamlessly swap assets across chains. This allows users to trade easily without paying high, unexpected fees.
Additionally, Cutoshi incentivizes users to participate in the ecosystem through generous monetary rewards. Users can stake $CUTO tokens and can also complete various tasks and explorations. In return for completing these tasks, holders will receive points that can be redeemed for more $CUTO tokens. These tasks will be available during the Cutoshi presale, allowing investors to earn significant returns before the project launches.
Cutoshi also offers an educational platform called Cuto Academy. Its goal is to make the world of DeFi interesting and approachable by lowering the barrier to entry and guiding new investors into the world of cryptocurrency. Through the academy, investors can learn everything from the basics of cryptocurrency to more advanced trading strategies.
The first phase of the Cutoshi presale has now started, with $CUTO tokens priced at $0.015. Analysts believe that as the meme narrative heats up again, Cutoshi could surge 10,000% as the cycle progresses.
The article is for reference only and does not constitute investment advice.
