The Halloween season took a different turn this year with noticeable participation from the crypto market. Notably, several altcoins have joined the ongoing Halloween trend, with the likes of Cutoshi (CUTO) offering special Bonus for a limited time. Interestingly, the presale star has been drawing enormous attention following its recent listing on CoinMarketCap.
Meanwhile, Cutoshi is not the only altcoin in the spotlight. Ethereum (ETH) price recently surpassed the $2,700 price mark, steering up optimism among token holders. Similarly, Tron (TRX) has maintained quite a progressive price ascent in the past year, with recent upsurge bolstering its year-to-date price trajectory amidst the ongoing market frenzy.
Cutoshi Attracts Fresh Interest With Special Halloween Bonus
Based on the Ethereum chain, Cutoshi (CUTO) is set to disrupt the crypto market with its hybrid ecosystem. Cutoshi adopts Satoshi Nakamoto’s Bitcoin core principles of decentralization, anonymity and monetary freedom.
With these at its core, Cutoshi blends the community culture of meme coins with the lucrativeness of decentralized finance (DeFi) to deliver a fully-functional MemeFi ecosystem.
The Cutoshi ecosystem houses a DeFi hub that features a DEX platform, a farming protocol and NFTs. While Cutoshi DEX facilitates cross-chain crypto transactions, the farming mechanism provides an extra layer of opportunities for the community to earn extra tokens.
At the center of its operation is the native $CUTO token. This deflationary token facilitates cross-chain transaction, staking, reward distribution, and even governing processes.
Cutoshi has garnered enormous attention after it rapidly progressed through the second presale stage, which is now over 80% sold out. Early holders are already 46% up, however the price is set to increase again once stage 2 sells out.
Ethereum Price Consolidates Amidst Declining Momentum
Just a few days ago, Ethereum (ETH) price retested the $2,700 price mark for the second time in the past month. However, unable to maintain bullish momentum, ETH price retraced below this crucial level once again as seen in the monthly chart below.
In the past few days, ETH token has lost most of its gains, trading within a weekly price range of $2,527 and $2,501, which represents just about 1% decline. However, compared to its lowest point in the previous week of about $2,391, the Ethereum token is still holding firm in a neutral position.
So far, it remains uncertain whether Ethereum will be able to regain its bullish momentum anytime soon, especially given the weakening impact of Bitcoin’s price rebound on the crypto market after it recently fell below the $70K mark. Furthermore, Ethereum’s token analysis points at a strong sell, suggesting that the current trend may persist for some time.
Tron Token’s 8% Monthly Gain Extends YTD Price Progression
Tron (TRX) token has enjoyed a consistent price progression in the past year as seen in the chart below. This means, unlike most altcoins, TRX tokens barely had a downtrend that lasted for so long. This is further evident in the price trajectory of TRX token in the past month, where TRX price surged by nearly 10% from an entry price of $0.153 to $0.167.
While TRX price recently crossed the $0.170 price mark amidst the recent bull market, it has since retraced below the crucial level and is currently trading within a weekly price range of $0.165 and $0.167 which reflects less than 2% increase in the past week.
Given its consistency since the beginning of the year, token holders are very optimistic about a bullish Q4. Meanwhile, TRX token technical analysis, including 20, 50, 100, and 200-day moving averages points at a very strong buy signal, suggesting that the passive uptrend may last through the last quarter of the year.
CUTO vs. ETH vs. TRX: Which Has More Potential?
Both Ethereum and Tron are blockchain networks that facilitate the development of decentralized applications (dApps). As such, they are fundamentally different from Cutoshi which functions as a hybrid MemeFi protocol.
Regardless, Cutoshi stands out not only because of its diverse market appeal, but also because of its pioneering position in the meme coin market. This attribute, combined with its unique ecosystem holds significant potential for unprecedented growth.
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