3 Cryptocurrencies That CoinMarketCap Experts Predict To Show Uplift In October: $PEPE, $SOL And $CUTO
Release: 2024/10/18 13:29 Reading: 245
Amid the crypto market's resurgence, analysts have made favorable predictions for leading altcoins. Recently, Standard Chartered Bank projected Solana's potential for a 300% surge amidst Trump's presidency, while popular analysts like 'The Moon' anticipate an upcoming rally for Solana.
Pepe Coin, meanwhile, has breached a crucial zone, signaling a market rally. Simultaneously, Cutoshi has attracted investor interest during its ongoing presale. Cutoshi, driven by its mission to integrate DeFi and meme coins, is projected to witness substantial adoption, with analysts estimating rallies of up to 300% in October.
Market Analysts Forecast Cutoshi Price to Rise by 300% in October
Driven by its mission to connect DeFi and popular meme coins, Cutoshi has attracted institutional investors accumulating the meme coin during its presale. Unlike other meme coins that rely solely on hype, Cutoshi's native token, CUTO, serves a significant purpose within its ecosystem.
The Cutoshi educational platform aims to enhance users' understanding of the DeFi and cryptocurrency markets. Additionally, the platform features a "Farming" mechanism where users completing quests are rewarded with CUTO tokens. This structure is expected to drive up CUTO token demand, leading to price surges.
Another notable feature is the non-custodial multichain DEX exchange, designed to seamlessly connect blockchains and facilitate digital asset swaps while addressing security and transparency issues. Cutoshi's commitment to blockchain's original vision of privacy, freedom, and financial empowerment further enhances its appeal.
Inspired by the traditional Chinese Lucky Cat, believed to bring wealth and fortune, Cutoshi aims to facilitate prosperity for digital assets. Early presale investors have already experienced a 46% ROI, with the ongoing stage 2 presale offering CUTO tokens at $0.022. Price projections of $1 by early 2025 appear realistic.
Will Pepe Price Set a New ATH in Q4?
Pepe, the popular Ethereum-based meme coin, has had an impressive performance in 2024. Data from CoinMarketCap indicates a 1400% increase in Pepe's price since the year's beginning. Its market cap has also grown from under $100 million in early 2024 to over $4.3 billion in October, highlighting its high growth potential.
According to ZAYK Charts, a respected analyst, Pepe Coin is poised for a bullish breakout. If successful, this breakout could trigger another round of significant rallies. While Pepe Coin's price remains 39% below its ATH of $0.00001718, the rising trading volume suggests an imminent uptrend.
Moving forward, Pepe is trading above the 50-day and 200-day SMA in both daily and 4-hour time frames. Over 20 key market indicators are bullish, with the MACD also indicating a buy zone. Overcoming the next resistance at $0.00001138 could lead to a challenge at the $0.00001718 ATH in the coming weeks, making Pepe Coin a favorable choice for investors.
Solana Topples Ethereum in On-Chain Volumes as TVL Surges
Solana, the self-proclaimed "Ethereum killer," has surpassed Ethereum in weekly on-chain trading volume, according to a Wintermute report. The report indicates Solana's on-chain volume reaching a staggering $51 billion, outpacing Ethereum's $46 billion. This surge aligns with a 50% increase in overall weekly on-chain trading volume across cryptocurrencies, reaching $39 billion.
Defillama statistics reveal that Solana's total value locked (TVL) has surpassed $6.1 billion, indicating growing user confidence and engagement on the platform. This record marks the first time since January 2022 that the TVL on Solana has reached such a significant level.
Solana's price is poised to break the $160 major resistance zone. A successful breakout could propel the Solana coin price towards $180, with a potential target of $200. Solana's market cap and trading volume are currently trending upwards. Having already surpassed the 50-day and 200-day SMA, Solana's rally is expected to continue for weeks to come.
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