Fantom (FTM) and the new meme coin, Cutoshi (CUTO), are getting top reviews ahead of the coming bull run this month. The crypto market has switched gears to an optimistic mood following the poor performances that headlined the market correction. The FTM token has been tipped for a surge to $3, while analysts are projecting 500% gains for Cutoshi before its presale closes.
Like many top altcoins in 2024, the FTM token has had an interesting run since the start. Fantom (FTM) overcame several resistance levels in the Bitcoin-induced rally in Q1 to reach its yearly high at $1.23 in March.
However, it was a consistent dip from then on, as the FTM price rediscovered new lows throughout summer. It finally arrived at a yearly low in August, trading at $0.257; that was when the current Fantom trend started.
And it's been quite the ride so far, as the FTM token exchanges for about $0.7009 on CoinMarketCap. The reclaim of its $0.57 level was crucial to sustaining the recovery, as it was an important resistance level for much of 2023 before turning into a support level in Q1 2024.
Going forward, analysts have revealed that the FTM token is on a five-wave-count bullish streak. The wave, along with other market metrics, depict bullish times ahead for Fantom.
The level on October 4 was reported to be the turning point for the final wave in the cycle, setting the FTM token up for gains in the new month. Even better, indicators like the Relative Strength Index and MACD have turned bullish, and many traders are optimistic for a bullish turn on the Fantom (FTM) charts, probably up to setting a surge to $3 by 2025.
It's easy to lose sight of the relevance of meme coins in the crypto-verse, given their affinity for erratic price movements and volatility. The pump and dump syndrome is no longer news. However, Cutoshi (CUTO) is one meme project that seeks to revive the meme culture while offering much more to its community: here's how.
First, CUTO is a meme coin. Offering an identity to its users is the first step to getting a dedicated community, and Cutoshi couldn't have a richer background. The project infuses the Chinese lucky cat with Satoshi Nakamoto blockchain values, coming up with a lucky token that is open to all.
The Cutoshi project has a reward system for its users and investors. Apart from its DEX to trade their favorite tokens, Cutoshi offers staking protocols with up to 180% APY yields for those who stake their CUTO tokens. For the users, there are regular complimentary gifts, from NFTs to merchandise from the team, to reward engagement and participation in the community.
To ensure long-term price sustainability, the Cutoshi (CUTO) project has plans in place for token burns. Doin this ensures that the CUTO token does not drown in inflation, and it creates a scarcity that would drive up its value.
As the Fantom (FTM) climbs the charts gradually, Cutoshi (CUTO) is pushing its presale to the general crypto market even further. The tokens are still in stage 1, selling at $0.015, but they won't be that cheap for much longer. There are only about 240 million coins pushed out for the presale. Get onto the project before CUTO price reaches new all time high.
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