Cutoshi's impressive utility draws interest from crypto whales

As altcoins like DOGE rally with a 33% surge, attention is turning to the pre-sale success of Cutoshi, a hybrid MemeFi project that is rapidly gaining traction.

The recent market resurgence has contributed significantly to the bullish trend seen by some major altcoins, including Dogecoin (DOGE), whose price has grown over 33% in the last month. However, other altcoins like Sui (SUI) tokens are apparently lagging behind.

Consequently, there has been a shift in focus towards the pre-sale market. Meanwhile, stealing a lot of attention from investors like DOGE and SUI is cutoshi (CUT). The rapidly rising pre-sale star has been making headlines for many reasons, including its MemeFi hybrid protocol, as well as its recent listing on CoinMarketCap.

Cutoshi's impressive records fuel growing whale interest

Cutoshi's funding milestone, which has now surpassed the half-million dollar mark, is just another draw for the meme coin project. But most interestingly, Cutoshi's hybrid approach has drawn more attention as it merges the best attributes of memecoins and decentralized finance. Essentially, Cutoshi adopts Satoshi Nakamoto's core bitcoin principles of decentralization, privacy, and monetary freedom.

While its ecosystem is built on these core principles, Cutoshi hosts intrinsic features such as a DEX platform, staking protocol, and farming mechanism. Cutoshi Farming allows community members to earn additional tokens, along with nfts and complementary products, by participating in specific quests and challenges. Additionally, Cutoshi also hosts a learning academy that aims to spread DeFi knowledge to a global audience.

The best part, however, is Cutoshi's tokenomics. Notably, the entire operation on the platform is powered by the native CUTO token. Having surged 46% from $0.015 to $0.022 in the second pre-sale stage, the CUTO token has been tipped for an exponential price rise, potentially matching top altcoins like Dogecoin and Shiba Inu.

DOGE Trajectory Reflects Bullish Momentum Amid Month-Long Recovery

Legacy meme coin Dogecoin has made an impressive comeback after seemingly losing its bullish momentum a few days into early October. As seen in the monthly chart below, DOGE price fell from its high closing price of $0.13 in the month of September to trade below the support level of $0.11.

While the notable drop casts a shadow of doubt on the DOGE token's potential for a bullish fourth quarter, the recent price resurgence is generating strong optimism in the DOGE community. Currently trading within a weekly price range of $0.11 and $0.14, DOGE price reflects a notable price increase of over 23% in the past week and over 33% in the past month.

Meanwhile, this progressive uptrend is now pushing the meme coin price towards its 6-month ATH of $0.22. Interestingly, market analysis suggests that the current trend may persist into the fourth quarter, considering that DOGE technical analysis, including the 20-, 50-, and 200-day moving averages, point to strong buying.

Sui's trajectory loses bullish momentum as weekly consolidation persists

Despite a notable resurgence in the prices of major altcoins, the Sui token (SUI) became trapped within a consolidation zone last week, as seen in the chart below. This notable downward trend has subsequently pushed SUI price below the $2 threshold as it is currently trading within a weekly price range of $2.24 and $1.97.

Meanwhile, technical analysis of the SUI token, including moving averages, suggests mixed sentiment about its price trajectory. While the 30, 50 and 200 day moving averages point to a buy signal, the shorter duration moving averages point to a sell signal.

This neutral bias represents an uncertainty for the future of the SUI token. However, the SUI community on CoinMarketCap remains very optimistic about a possible resurgence, with 82% of over 31,000 votes favoring an imminent bull run for the SUI token.

Can Cutoshi outperform Sui and Dogecoin beyond Q4?

Unlike Dogecoin, whose price trajectory is predominantly driven by sensationalism and strong support from Tesla, Sui Network is a blockchain and smart contract platform designed to facilitate ownership of digital assets.

Cutoshi, on the other hand, is a hybrid protocol. Considering its diverse market appeal, Cutoshi has great potential to outperform major altcoins like Sui and Dogecoin. This positive outlook, combined with CMC's recent listing, has increased its market appeal even among crypto whales.

For more information on Cutoshi pre-sale, please visit the official website.

Join and become a member of the community: twitter.com/CutoshiToken” target=”_blank”>https://twitter.com/CutoshiToken, https://t.me/cutoshi