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Bonk Coin And Ripple (XRP) Prices On The Verge Of Breakout, Cutoshi Races Through Stage 2 With Over $600K Raised!

Bitcoinist
by Bitcoinist
Last Updated: November 4, 2024 5:00 am
·
Posted in Industry
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The meme coin space is filled with many cryptos with huge potential. Meme coins such as Bonk Coin have undergone a decline in recent weeks but are showing signs of a breakout. Ripple price has been consolidating around the $0.5 target for some time but could hit $1 anytime soon. 

Meanwhile, an upcoming meme coin, Cutoshi, is set to lead the bull season. Cutoshi is a combination of meme coin culture and DeFi functionalities. Through the multi-chain DEX, Cutoshi will solve privacy and security issues traders have encountered in centralized exchanges. Given the massive interest in the token, CUTO has a high chance of hitting 40x before listing to exchanges.

Cutoshi Shatters Expectations With Over $600K In Presale

Meme coins are known to grow via hype and social media support, but with the emergence of Cutoshi, meme coin enthusiasts will get something different. Cutoshi is launching an ecosystem that focuses on value yet maintains the fun that meme coins are known for. Despite Bonk and Ripple’s current bullish tendencies, Cutoshi offers better ROI. 

Cutoshi embraces Satoshi Nakamoto’s principles, which champions decentralization and financial freedom. Inspired by the traditional Chinese Lucky Cat, a symbol of fortune and wealth placed in homes, Cutoshi aims to bring luck, wealth and prosperity to investors’ digital assets. Combining both, Cutoshi is developing an ecosystem that gives users control over their assets.  

One of the project’s driving factors is the Cutoshi DEX, designed to allow seamless trading and swapping of digital assets across multiple blockchains, saving people time and money. Users can also earn more tokens through the farming protocol, which rewards members who participate in quests. 

Another notable feature is the Cutoshi Academy, where users can enroll and enhance their knowledge of DeFi. Meanwhile, Cutoshi has been listed in CoinMarketCap, giving users the opportunity to learn more about the project. At $0.022, now is the best time to join the project. Given the limited total supply, CUTO has the potential to hit $1 in early 2025.

Bonk Coin Shows Signs Of A Rebound

Bonk (BONK) has been facing a bearish trend for some time. However, the recent market rally has triggered bullish momentum, with Bonk set for a breakout any moment. According to CoinMarketCap, Bonk’s price has increased by over 3,000% in the past year, ranking among the highest performing Solana meme coins. 

Source: CoinMarketCap

Meanwhile, the Bonk technical indicators have a negative outlook. The Bonk crypto is trading below the 50-day and 200-day SMA as per Tradingview. However, the Fear and Greed index is 69 (Greed), a signal of growing investors’ interest. Bonk has recorded only 13 green days in the past month. 

Going forward, the Bonk chart gives hope. If the meme coin is able to maintain support above $0.000020, it has a high chance of rebounding soon. Coincodex, the popular crypto prediction website, remains bullish, with a Bonk price prediction of $0.00006919 in the short term.

Could XRP Hit $1 As Breakout Looms?

Ripple (XRP) has been consolidating for some time, which hints that a breakout is close. This expected breakout is influenced by the rising whale accumulation and the recent bullish market sentiment, which has seen Bitcoin break a crucial resistance zone. Whale Alert reports that 21M XRP tokens worth $11.4M were transferred to an unknown wallet. 

Crypto expert EGRAG Crypto thinks that  XRP coin will witness a bullish breakout soon. In the detailed analysis on X, the expert thinks XRP is trading within a compressed symmetrical triangle. If this pattern continues, the analyst believes XRP token could hit $0.5930, $1.5000, and $7.5000 targets. 

Source: EGRAG Crypto on X

Based on Tradingview data, XRP price trades below the 50-day and 200 day SMA.  Although the market sentiment is bearish, if XRP is able to maintain the $0.50 support zone, it could rebound and trigger massive rallies soon.

What Are The Best Coins For Profitable Returns Now? 

With Bonk and XRP currently in a dip, Cutoshi could form a good option. Driven by a fantastic ecosystem with tools such as a DEX exchange, Cutoshi has the capacity to compete with popular meme coins like Dogecoin, Bonk and Shiba Inu in the coming weeks. Given the low supply, it could hit $1 in 2025. 

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

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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