As Bitcoin retains its position at $72k in the past 48 hours, the general market trends suggest that a Donald Trump victory will be the bullish catalyst needed to propel the market into stratospherically bullish territory.
Altcoins, especially meme gems, are poised to quickly follow Bitcoin’s bullish momentum, with new projects like Cutoshi having the potential to see significant returns.
Massive Bull Run On The Verge As Bitcoin Forms “The Golden Cross”
Currently sitting at $72,000, Bitcoin is on the precipice of breaching its all-time high of $73,000, which it achieved in March. Bitcoin’s 8% surge in value this week follows the formulation of the Bitcoin “golden cross,” a technical chart pattern that’s historically signaled imminent bullish price surges. This pattern occurs when the 50-day moving average crosses above the 200-day moving average, reflecting bullish momentum.
The last Bitcoin golden cross occurred in October last year, which officially marked the end of the bear run and ushered in a 116% price increase for Bitcoin over the following 4.5 months. Given Bitcoin’s current bullish momentum, the golden cross bodes extremely well for Bitcoin’s prospects in the short term.
Based on the trajectory of the “4 year cycle,” Bitcoin’s fear and greed index swinging staunchly to “extreme greed,” and the most pro-crypto presidential candidate being the clear favorite to win the US election, Bitcoin very well could experience its first major bull rally in November.
While a major bull run could be on the horizon, it’s uncertain how far Bitcoin could soar during the new market cycle.
Though each bull run has surpassed the one that preceded it and institutional adoption is soaring at a time when cryptocurrency is still largely unregulated, cryptocurrency is inherently unpredictable and anything could theoretically happen.
Cutoshi Poised To Become The Next Meme Coin Gem
Within crypto’s most hyped sector of 2024, Cutoshi could become the next big meme coin by merging hype potential with solid utility that pays tribute to Bitcoin’s founder, Satoshi Nakamoto himself.
This manifests through Cutoshi’s commitment to educating its community about decentralized finance through its built-in educational platform, “Cutoshi Academy.” Explicitly designed to help users understand the complexities of DeFi and blockchain technology in an easy-to-understand format, this educative platform is at the heart of Cutoshi’s ethos.
In addition, Cutoshi harbors a DEX platform that offers a secure and efficient trading experience across multiple blockchains, reducing costs and saving time in the rapidly moving crypto space.
Cutoshi also introduces a unique gamified approach to earning with its token farming system. Users can accumulate points and earn rewards by completing various quests and challenges within the ecosystem, including CUTO tokens and special NFT’s. This interactive and engaging approach incentivizes active participation and engagement, an essential component to a thriving meme coin.
At the price of $0.022, Cutoshi is a massive bargain poised for exponential growth during the second stage of the presale. Huge expected returns just around the corner in Q4 as Bitcoin braces for a new all-time high.
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