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Crypto trading is back in the green, as the market correction seems to have run its course. While the bull run is yet to hit top speed, top DeFi coins like Avalanche (AVAX) and Fantom (FTM) are already raring to go. A new Defi project, Cutoshi (CUTO), has also joined in the race as the best new Defi coin to buy. The project embodies the ideals of Defi and brings meme excitement with it.
The AVAX coin, along with many other top altcoins in the crypto-verse, was tipped for a massive surge last month. Avalanche (AVAX) enjoyed a huge upgrade at the time, peaking at $30 before the correction phase hit.
Now, the Avalanche (AVAX) is out of the red zone as the AVAX price is closing in on the $30 mark again. It’s all positive on the AVAX price charts now. The Defi coin is 22.12% up on the monthly trends and maintains a bullish consistency with a weekly 13.54% gain.
Already, Grayscale's Trust products have launched on Avalanche (AVAX), and that could further increase optimism around the AVAX coin.
Like Avalanche, the Fantom (FTM) also showed signs of a bullish momentum last month. With the effects of the correction taking over the market, FTM was forced into a short-term bearish outlook.
Although Fantom (FTM) is still looking to get back to its price levels from the last days of September, the FTM price is showing some impressive movements on the charts, validating the bullish Fantom price predictions for ‘uptober.’
The FTM price has gone up by 12.59% in the last week, pushing its monthly price trend week up to 40%. There is a high chance that Fantom (FTM) will continue with its uptrend, considering the positive mood of the crypto market right now. However, it remains to be seen how much more the FTM token can surge.
The Cutoshi (CUTO) project is gaining traction among Defi investors, due to its hybrid nature of Defi hub and meme coin. In what experts believe could be a supermodel blueprint, Cutoshi follows the Defi principles of Satoshi Nakamoto while also adopting the Chinese Lucky Cat as its emblem.
Cutoshi (CUTO) seeks to advance Defi operations by introducing a Decentralized Exchange for token swaps and trading. The Cutoshi DEX takes away the hassles around cross-chain transactions, allowing users to access and transfer their assets with ease.
Also, the Cutoshi (CUTO) ecosystem is built on the Ethereum blockchain. Users will benefit from all the security and scalability features the Ethereum blockchain has to offer.
Cutoshi has raised to $480,000, and it’s only just in stage 2 of its presale, where it is valued at $0.022. As Defi tokens continue to gain traction in the crypto market, investors expect CUTO to moon. Analysts even believe its meme coin feature gives it an edge over top Defi projects like Avalanche and Fantom.
‘Uptober’ is here, and the crypto market is confident of a bull run. However, the Defi sector seems ahead in the race to profits as top Defi projects like Avalanche (AVAX) and Fantom (FTM) are already recording gains. Meanwhile, new Defi project, Cutoshi, could edge over the top Defi projects as it brings meme fun to the Defi party. The project is predicted to lead the Defi sector in the coming bull run.
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