Given the significant impact that political events can have on cryptocurrencies, experts have predicted that the price of Solana (SOL) could exceed $200 if former U.S. president, Donald Trump wins the United States election, on November 5.
While investors anticipate the election aftermath and watch the prices of top altcoins closely, a new presale gem is gathering huge traction by the day. Due to its peculiar hybrid ecosystem, Cutoshi (CUTO), a new meme coin is already projected to lead the rally for Ethereum coins this year, alongside Shiba Inu (SHIB).
Cutoshi Is A Hybrid MemeFi Project With Potential To Surpass Solana Meme Coins
Based on Ethereum network, Cutoshi (CUTO) is a new meme coin recently launched in the presale market but is already being tagged the next 100x meme coin. This lofty prediction, alongside its distinctive hybrid MemeFi ecosystem, which houses a fully functional DeFi hub, has made it possible for the crypto project to pull over $500k merely two stages into its pre-sale campaign.
Meanwhile, within the Cutoshi’s ecosystem, a DEX protocol is designed to allow trading of crypto assets across multiple blockchains. With an additional staking protocol and a farming mechanism where users can partake in community-based games and quests to win tokens, Cutoshi transcends beyond the “no utility” nature of meme coins. As a result, Cutoshi is set to surpass all trending Solana meme coins in no time.
Interestingly, Cutoshi was inspired by Satoshi Nakamoto’s Bitcoin ideals of decentralization, privacy and monetary freedom . With these principles, Cutoshi further integrates a learning academy to spread DeFi knowledge. Considering the massive adoption a move like this can bring, investors are quickly buying the $CUTO at a current price of $0.022, which marks a 46% leap from an initial offering price of $0.015.
Solana Price Expected to Skyrocket Above $200 If Trump Wins The US Election
Ranking as one of the top gainers in 2024, Solana (SOL) token has hit impressive milestones this year as it currently shows over 600% year-to-date (YTD) price gain, most of which stems from its March high at $202. Now, following a noticeable decline, the of native SOL token is currently trading within a weekly price range of $136 to $157.
Regardless, compared to its highest price this year, Solana token was able to pull up over 13% gain in the past month after a major recovery as seen in the above chart. Meanwhile, Solana is set for even higher gains, potentially above $200 again, this Q4.
Specifically, this forecast is poised to occur in the event that Donald Trump wins the US election. The crypto-supporting presidential candidate has openly endorsed and advocated for the freedom of cryptocurrencies. In light of this positive drive for digital assets, a win for him would likely send top altcoins like Solana to the roof.
Shiba Inu Price Maintains Upward Movement After Steep Fluctuation
Shiba Inu (SHIB) token recently faced a steep fall after rising above the crucial $0.000020 mark in the last week of September. Since then the canine-themed meme coin has been consolidating below the $0.0000160 price levels, with a noticeable recovery jump coming only after the first week of October as seen in the chart below.
As observed on its monthly chart, Shiba Inu token has resumed an upward tragedy after its bearish fall, a move that can be attributed to the broader market recovery. While this uptrend highlights Shiba Inu’s resilience to remain above the resistance price of $0.0000137, technical analysis, including 50 and 200-day moving averages further signals a sustained bullish momentum.
Currently, the SHIB token is trading within a weekly price range of $0.0000162 and $0.0000189, which reflects over 5% increase in the past week, bringing the total monthly price increase to nearly 34%. In light of this, investors are buying SHIB in hope of a price resurgence, with analysts forecasting a sprint above $0.000025 before the end of the year..
Is Cutoshi Capable of Surpassing Solana’s DeFi Growth?
Cutoshi is designed to thrive in the DeFi market. Cutoshi’s ability to surpass Solana is not impossible given its diverse market appeal. While this might take lots of development and expansion for Cutoshi to achieve, the meme coin is already starting on a good note.
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