The recent market downturn had its toll on various cryptocurrencies including top altcoins like Avalanche (AVAX) which is currently trapped below the monthly resistance around $36. While at risk of extended consolidation, savvy traders and crypto whales alike are shifting their focus towards more promising alternatives like Litecoin (LTC) and fast-rising presale gems like Cutoshi (CUTO).
Notably, Cutoshi is receiving growing interest largely because of its hybrid approach of combining memecoin communal attributes with the lucrativeness of decentralized finance (DeFi). This way, it is able to achieve its goal of liberating people from the whims of centralization, offering them lucrative opportunities that can help them achieve monetary freedom.
Cutoshi Hybrid Protocol Attracts Growing Interest Across Diverse Markets
Based on the Ethereum network, Cutoshi (CUTO) is set to rewrite the history of memecoins. The project intends to achieve this with its unified ecosystem that embodies the cultural heritage of the popular Chinese lucky cat associated with good fortune as well as Nakamoto Satoshi’s blockchain core principles of decentralization, monetary freedom and privacy, all of which is aimed at bringing DeFi to everyday people.
Within its ecosystem, Cutoshi houses a DeFi hub that features components like a DEX protocol, a farming and staking mechanism and a dedicated Cutoshi Academy that aims to propagate mainstream DeFi adoption through educational means. Aside from the lucrative opportunities it offers via its DeFi hub, Cutoshi also rewards users with complimentary items like NFTs and merch whenever they participate in specific quests.
Furthermore, the native $CUTO token serves as the lifeblood of the ecosystem, facilitating transactions within the learning academy, as well as Cutoshi DEX’s buy-and-burn mechanisms. This self-sustaining model, coupled with a rapidly-progressing presale places CUTO token among the best cryptos to buy now. Meanwhile, CUTO token currently sells at a modest price of $0.031 in its fourth presale stage, having delivered over 100% ROI.
Avalanche Price Risks Extended Consolidation Amidst Price Volatility
Despite growing concern around the price of Avalanche (AVAX) consolidating for an extended period of time, some market analysts have continued to show great optimism for a potential bullish reversal. Notably, Andrew Griffiths in a recent X post, claimed that AVAX price could surge to higher levels around $42 any moment soon.
According to his chart analysis, Andrew highlighted two possible scenarios– the first being that if AVAX price can successfully flip the $34.50 (Monthly Value Area Low) into support, then a 17% boost away from current price could be feasible. However, if rejected, then a 5% drop could be inevitable.
Currently, AVAX token is trading within a weekly price range of $36.40 and $35.30, reflecting approximately 3% decline in the past week and less than 2% in the past month. Meanwhile, looking closely at its technical analysis, AVAX price moving averages and RSI points at a strong sell, which suggest that the current trend may persist assuming the top DeFi coin fails to break through the resistance level.
Litecoin Price Trajectory Regains Bullish Momentum
Unlike Avalanche, Litecoin (LTC) has regained its bullish momentum after declining to a lower region around $106 after hitting a monthly high of $140 about two weeks ago. Currently trading within a weekly range of $117 and $131, LTC price reflects over 11% increase in the past week.
Meanwhile, this recent uptrend has pushed LTC price back on track in its monthly progression as it now registers over 25% price gain during the period. Furthermore, LTC token analysis including its RSI, as well as short and long-term moving averages points at a very strong buy. While this suggests that the current trend will continue, it also positions Litecoin among the best DeFi coins to buy now.
Can Cutoshi Cutoshi Outperform Avalanche and Hit Triple Digit Like Litecoin?
Cutoshi isn’t just another trending memecoin, thanks to its hybrid protocol which incorporates DeFi components. This unique approach allows it to operate in a diverse market while also boosting its appeal to diverse users. Besides, Cutoshi’s presale status offers a more stable trajectory compared to top DeFi coins like AVAX and LTC with higher volatility.
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