Which Crypto Will Perform Best For October?: Toncoin (TON), Polkadot (DOT) And A Fresh New Coin Echoing The Teachings Of Satoshi Nakamoto

As the crypto market gears up for an exciting end to 2024, Toncoin (TON) and Polkadot (DOT) have been struggling to record impressive price performances. Toncoin has failed to exhibit a price rally despite Telegram’s recent announcement of new features, as Polkadot failed to surpass the $5 mark.

However, a new Ethereum-based utility token has also captured the attention of investors. Cutoshi’s built-in scarcity, topped with a planned CEX listing after presale, will drive immense demand, pushing the CUTO price upward. Let’s find out which of the three altcoins is the best investment for October.

Cutoshi: An Altcoin Set To Hit 100x Growth Potential By The End Of The Presale

Cutoshi (CUTO) is the new altcoin set to put Ethereum-based tokens in the spotlight. Just in stage one of its presale, Cutoshi has already raised over $300K, with analysts projecting that it could grow by 100x by the end of its presale to outperform hyped altcoins such as Toncoin and Polkadot.

The project is backed by a unique ecosystem featuring a multichain DEX designed to simplify cross-chain transactions. Cutoshi aims to eliminate the barriers to entry for newcomers to the DeFi space by enabling faster yet seamless asset swaps across multiple blockchains. Moreover, Cutoshi Academy will help narrow the crypto gap, raise awareness about Cutoshi, and bring DeFi to the masses.

Featuring built-in scarcity and a capped supply of just 440M, Cutoshi is set to drive significant demand, which will apply pressure to its price. Currently, Cutoshi is trading at just $0.015, offering investors a chance to enjoy better ROI in October as the price surges.

Toncoin (TON) Fails To Surge Despite Telegram Announcement Of New Features

Telegram announced a gift feature alongside other features within the App. However, Toncoin (TON) has failed to showcase an impressive surge despite the new addition to social media messenger. Toncoin is trading around the $5.2 mark, with a weekly dip of over 9%.

In most cases, major announcements are usually followed by a significant price surge. However, despite the new features, the price of Toncoin is still putting on a muted performance. The price of Toncoin witnessed a sharp reversal from the $6,1 mark to $5.2. This pullback indicates the sentiment of sell-the-bounce is intact.

Moreover, with a potential crossover between the 50- and 200-day EMA looming, the TON price could dip further to its $5 support zone. However, if the buyers flip the token overhead trendline into a support region, the price of Toncoin might drive a sustained recovery to the $7.2 mark, followed by a high of $8.2.

Polkadot (DOT) Struggles In Bearish Week

Market onlookers have been hopeful of Polkadot (DOT) breaking above the $5 mark. However, the altcoin was rejected at this level, falling by over 9% in the past week to trade at $4.2.

Despite DOT token buyers stepping in, they could not break above the $.4.2, which is also a strong support. If sellers regain control and breach below this level, Polkadot’s price could fall to its multi-year support of $3.62.

However, the introduction of a Decentralized Nodes Program, designed to secure and further decentralize the Polkadot network, is set to help DOT regain its uptrend momentum in October. The program participants will also gain recognition within the Polkadot community, boosting their trust and visibility.

Is Cutoshi The Better Investment For October?

With Toncoin and Polkadot’s price performance facing challenges, Cutoshi stands out as a top investment option for October. Cutoshi combines the appealing features of a fun meme coin with the functionality and utility of a serious DeFi ecosystem, making it an appealing option for meme coin traders and the DeFi community alike.

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com/

Join and become a community member: 

https://twitter.com/CutoshiToken

https://t.me/cutoshi