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Global political turbulence has affected the cryptocurrency market. Bonk has decreased by 7.62% in the last week, showing the negative effect of global events. Bonk made an all-time high in May and has been trading below it since. Early investors who made multifold profits from Bonk are now investing in new opportunities like NEIRO and Cutoshi.
In this article, we will discuss the price action of Bonk, NEIRO, and Cutoshi. This will give insight to traders and investors on the future levels and prospects of these coins.
During the recent recovery, Bonk entered the Ichimoku cloud and reached a high of $0.000026, but since then, the BONK price has not been able to stabilize above the upper band of the Ichimoku indicator. After a 20% downfall on Monday, it again tried to slope upwards by touching the UB, but sellers took over and pushed the price downwards.
The 50-period exponential moving average in a daily time frame has worked as immediate support. This is the second test of support this month, indicating weakness in Bonk's price. $0.000027 is the major resistance, while $0.0000015 is the major support for Bonk.
NEIRO has been a top performer in the cryptocurrency market since September 16, following a mix-up with a Binance listing that mistakenly associated it with another meme coin. This confusion sparked a significant surge, pushing the token to a new all-time high on September 23. In just four days, $NEIRO increased by 180%.
By mid-October, it was up over 400%, with its price still climbing. Neiro's market cap has surged dramatically, climbing from $15 million in mid-September to an impressive $721 million at the time of writing. It’s just 28% away from reaching the $1 billion milestone.
After a successful stage 1 presale round, Cutoshi began the second presale stage. According to experts, traders who purchased in the first stage are continuing to add to their bags in the second stage as the price is still undervalued even at $0.022. Cutoshi combines the fun of meme coins with the benefits of DeFi, creating a unique ecosystem. Built around Satoshi Nakamoto’s core principles of decentralization, privacy, and financial freedom, it offers features like the Cutoshi DEX, Cutoshi University, farming, and NFTs.
The Cutoshi Decentralized Exchange (DEX) allows users to securely swap assets across different blockchains, giving them more freedom, better privacy, and lower costs than centralized exchanges. Also, The deflationary nature of the CUTO token is key because it means the platform actively buys back tokens from the market and burns them to lower the total supply. For this purpose, 7% of the 440 million token supply has been set aside.
The ecosystem is powered by its native CUTO token, priced at $0.022 in the second presale stage. Experts predict that Cutoshi will reach $0.3 by December this year, offering early investors returns of over 1,263%. For example, $500 invested now could be worth $6,315 if the token hits the predicted price.
For more information on the Cutoshi (CUTO) Presale:
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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.
