With Bitcoin soaring past $100K, capital inflow into the cryptocurrency market has increased significantly. The result can be seen in various altcoins achieving triple-digit gains. While the market consolidates before the second upswing, this is the perfect time to add potential leaders to the next rally.
While Solana (SOL) plans ecosystem development, SUI has achieved a new all-time high. Cutoshi (CUTO) leads the pack with remarkable presale performance in emerging projects. In just the fourth stage of the presale, it has raised over $1.4 million. These cryptocurrencies, with unique positions and advanced infrastructure, have the potential to replicate the gains of Ripple (XRP).
Solana Proposes Block Limit Increase To Enhance Scalability
Solana plans to scale up its block limit to improve performance and scalability and enable more transactions to be processed in a second. Developer Andrew Fitzgerald has shared the proposal via GitHub, setting a milestone in strengthening Solana’s position in the blockchain space. According to the proposal, the block computation limit should be raised from 48 million to 50 million units, which will help handle more transactions and enhance efficiency.
Earlier this year, Solana also experienced congestion because of many meme coin activities. The developers remedied the problems by adding a series of changes, like an optional central scheduler, to handle the traffic surge and minimize congestion.
Market experts view this update as a sign of Solana’s focus on steady growth. It balances network stability with advancements in blockchain scalability. Mert Mumtaz, CEO of Helius Labs, highlighted the proposal as proof of Solana’s dedication to innovation and scalability.
SUI Blockchain Hits ATH Amid Broader Market Reversal
The altcoin market is experiencing a strong resurgence, with the SUI blockchain network surging nearly 30% in the past two sessions to reach a new all-time high of $4.91. Its market cap has climbed to $13.57 billion, pushing its monthly gains to an impressive 52%. This double-digit rise follows Wednesday’s announcement of Backpack integrating with the Sui blockchain, which opens significant opportunities for both platforms.
User activity on the Sui network has also spiked, driving its decentralized finance (DeFi) total value locked (TVL) to a record high. According to DefiLlama, Sui’s TVL stands at $1.795 billion, reflecting a 16% jump in the last 24 hours.
Cutoshi’s Unique DeFi Twist With Meme Coin Hype Attracts Investors
Cutoshi (CUTO) is a MemeFi coin-making wave among crypto enthusiasts and investors. It aims to bring back the fun of meme culture while offering practical uses. As a DeFi hub with a strong community, Cutoshi blends the charm of the Chinese Lucky Cat with Satoshi Nakamoto’s vision for blockchain technology.
The project raised over $1.4million during its presale, and the CUTO token price has soared by more than 106%. Starting at just $0.015, it now stands at $0.031. With stage four on the horizon, another price increase is expected, fueled by the coin’s rising popularity and decentralized exchange platform.
Cutoshi’s decentralized exchange fosters the collaboration of various chains and enables as secure as possible, KYC-free transactions among users of its multiple coins. Moreover, its farm-based diverting system lifts users’ spirits, which makes the competition lively in this platform’s challenges.
The native $CUTO token establishes limitations in circulation utilizing deflationary techniques and practices. Furthermore, it drives activities in the Cutoshi environment, participates in governance functions, and distributes rewards. The automatic process of its self-sustaining design makes it unique and different from others in the market, ranking it as a meme coin.
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