Cryptocurrency World Anticipates 50% Growth By Year-End For Cardano (ADA) And Stellar (XLM), But Hybrid Coin Cutoshi (CUTO) May Surge 100%
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Por ETHNews
Table of contents
Cardano (ADA) Reclaims Key Level, Whatâs Next?
Stellar (XLM) Giving Signals Of A Trend Shift
Cutoshi: The rise of utility-driven meme coins
Cardano (ADA) and Stellar (XLM) are breaking out of multi-month range-bound action. Analysts believe they will see massive rallies by the end of 2024. But there is a newcomer in the crypto space that could outperform them both.
Cutoshi brings together the best of meme energy and Defi into a holistic ecosystem. Find out why it could become the next 100x gem.
Cardano (ADA) Reclaims Key Level, Whatâs Next?
Cardano (ADA) has finally reclaimed the significant $0.40 level and is currently consolidating around this mark. Cardano is currently trading for $0.40 with a 12.7% monthly increase and $347 million in trading volume. This price surge represents a break above the descending trend line that was acting as resistance and suppressed Cardanoâs price for the past six months. If this momentum holds, Cardano could easily skyrocket above the yearly high of $0.76.
Recently, Cardano introduced a series of upgrades that improved the networkâs capabilities and captured the attention of investors. The most notable of these upgrades, the Chang Hard Fork, was launched on September 1, completely decentralizing the ecosystem and giving the keys to full governance to the thriving Cardano community.
Stellar (XLM) Giving Signals Of A Trend Shift
Stellar has been hovering around the $0.095 mark for months with slight deviations in either direction. However, over the past month, Stellar (XLM) has started to show signs of an incoming reversal with a 5.1% monthly increase. Today, Stellar is selling for $0.098 with a 16% increase in intraday trading volume, meaning $61.4 million.
Recently, Stellar joined forces with MoneyGram and CEX.io to leverage Stellarâs ââcutting-edge framework to enable fast and efficient conversions from crypto to cash and vice versa. This shows that despite Stellarâs ââdisappointing price action, development and adoption continue unfazed with more partnerships to be announced soon.
Cutoshi: The rise of utility-driven meme coins
One of the major drawbacks of meme coins is their lack of real substance. Meme coins rely primarily on virality, and once it fizzles out, most of them never recover. Cutoshi flips the script by offering a cutting-edge cross-chain DeFi protocol called CUTO DEX. The exchange will allow users to instantly swap assets between all major blockchains for the minuscule fee of 0.25%.
Cutoshi is inspired by the traditional Chinese Lucky Cat and aims to bring good luck to its growing user base through various new revenue streams. $CUTO holders will be eligible for recurring staking rewards. Additionally, while the pre-sale is still underway, investors can participate in fun events and complete different tasks that will generate points. These points can then be redeemed for additional $CUTO tokens.
One of the most interesting aspects of the Cutoshi ecosystem is the Academy. This is a learning platform designed to demystify DeFi and provide unfiltered crypto knowledge to newcomers. Beginners will learn the basics of cryptocurrencies and more advanced concepts while being assisted in building profitable portfolios.
To support Cutoshiâs rise, unique merchandise and NFTs will be available soon, allowing the community to spread the good word and represent their new favorite meme coin.
Stage 1 of the presale is selling out fast and $CUTO is just $0.015. This is the perfect entry point for investors who want to get in on the utility-driven meme revolution. When you consider everything Cutoshi has to offer and its massive potential, a 100x price multiplier could be on the cards as the cycle ramps up $ADA
