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With the prevailing uncertainty in the crypto markets caused by rising geopolitical tensions in the Middle East, investors are giving up on underperforming assets and seeking new projects that show impressive growth potential.
According to reports, large masses of Apecoin (APE) holders are liquidating their positions and heading to the new utility memecoin, Cutoshi (CUTO), to unlock massive wealth with its explosive potential. Let’s learn why this hybrid token is showing rising appeal.
The market cap for ApeCoin (APE) is $453 million. ApeCoin (APE) has traded in a sideways range since July and has been unable to break out. If the price breaks above the major resistance of this range, a new rally for ApeCoin (APE) could start.
ApeCoin (APE) currently trades at $0.7519 after an intraday surge of over 3.4%. Over the past 24 hours, volume has increased by over 38%. The price action was indecisive for the last two days as doji candlesticks were formed on both days.
ApeCoin (APE) recently broke above its 100-day Simple Moving Average (SMA) and trades below its 200-day SMA. The MACD line is near zero and moving toward the positive region, indicating increasing bullish momentum. The RSI value of 52 supports this, as it is moving towards the overbought region.
The $0.656 price is a crucial support level for ApeCoin (APE), with another support below, near $0.564. If ApeCoin (APE) continues higher, $0.770 and $0.858 could provide significant resistance to the price movement. Bearish pressure at these resistance levels could break the short-term uptrend.
Cutoshi (CUTO) is a new hybrid token that merges the practicality of utility tokens and the fun of a meme coin community. It combines DeFi functionality with the virality of memes to become a popular and useful hybrid token.
Cutoshi (CUTO) is inspired by Maneki-Neko, the Chinese lucky cat known to provide good fortune and prosperity to its owners. Cutoshi brings the power of the lucky cat to the blockchain.
Contrary to other memecoins, Cutoshi (CUTO) provides many practical uses and functionality through its ecosystem for DeFi enthusiasts. It is expanding the adoption of DeFi by using the power of memes and its sophisticated ecosystem.
Cutoshi has created an online academy to drive its mission of bringing DeFi to the common man and promoting financial privacy, security, and freedom. The CUTO academy will include easily understandable and engaging educational content to teach newcomers about the workings of complex Web3 and blockchain technology. This will help bridge the knowledge gap of decentralization.
The ecosystem also incorporates the Cutoshi DEX, a multi-chain asset-swapping decentralized exchange. It allows peer-to-peer crypto transfer across multiple blockchains in a streamlined and cost-effective manner. The DEX also has a wallet for storing all your crypto in one place for easy asset management.
Limited edition CUTO NFTs will be given to early members and Cutoshi challenge winners. Only 8,000 NFTs will be minted, and they will be divided into various categories based on rarity. These NFTs will have unique DeFi functionality in the ecosystem.
The CUTO token presale is live and in stage two, with each token going for an undervalued price of $0.022. According to some analysts, the prices are expected to rise over 100x in Q1 of 2025, giving early investors monstrous returns.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
