In a recent survey by Charles Schwab, crypto was revealed as the leading sector for investment by millennials, beating stocks, bonds, and other traditional asset classes. This makes sense when we consider how long it takes to generate meaningful returns from TradFi, with small to medium-sized capital.
Here we investigate some altcoins that have been receiving a lot of attention – Pepe, Sui and Cutoshi. We then see if they can return a 9x by the end of 2024.
Pepe Whale Puts 101 billion PEPE into storage.
Pepe has been one of the biggest meme coin success stories of 2024, creating numerous millionaires. According to X analyst AI (@ai_9684xtpa) a huge Pepe whale just withdrew 1.1 million dollars worth of Pepe from Binance.
When people withdraw coins from centralized exchanges it usually means they are putting them in cold storage and plan to hold.
What’s even more interesting is that this PEPE whale has been accumulating since June, and according to the X analyst, is down by about 1 million dollars in total.
This suggests that the whale knows something we don’t and is bullish about the future of PEPE.
Pepe is up by 1516% on the yearly, and down 40% from its all time high this summer. It’s a long way up for Pepe to return 900% gains from here, but if it does so, its market cap would be about 4 times bigger than Doge. Not impossible, but not easy.
New holders can definitely make a profit if things go well, but to turn $100 to $1000, a smaller cap meme coin would be better.
All Eyes on Sui as everything turns green
Sui is ranked the fifth most trending altcoin on CoinGecko today, and its no wonder, since the coin is in the green over all timeframes – up 12.2% on the daily, 24% on the weekly and 106% on the monthly. Sui is clearly on a tear and on the one year chart is up by an impressive 428%.
So what’s driving the price action?
One of the reasons is SUI’s partnership with native USDC, bringing more liquidity to the chain which makes trading and DeFi activities more easy and potentially lucrative.
Also, Binance recently listed a Sui trading pair with the Hong Kong-based stablecoin FDUSD, and revealed that people would be able to use trading bots with Sui. Like USDC, FDUSD is native to Sui meaning safer transactions and increased liquidity.
Furthermore, technical analysts report that SUI’s price is on the verge of a breakout, should it manage to close above its previous all time high of $2.18. At time of writing SUI is currently changing hands at $2.15.
However for SUI to turn $100 to $1000 it would need to reach $21.50 which would give it a market cap of 53 billion dollars, sitting below Solanas’s $68 billion market cap and making this unlikely by 2025.
So for investors seeking these kinds of returns from Sui they would most likely need to use leverage or consider buying one of the memecoins on the chain.
Cutoshi is a Cute Meme but Utility is where it’s at
Cutoshi is a brand new meme coin that also has utility. Named in part because of Bitcoin’s creator Satoshi Nakamoto, (and partly because it’s a cute cat coin), the project aims to bring financial freedom to its holders.
As with all crypto coins, one of the ways it wants to do this is by creating something so valuable and desirable that the coin will surge in price.
But the team also say they have a mission – to bring DeFi to the masses. Many people have invested in coins like DOGE or Shiba Inu in the past, but without necessarily understanding what they can do with DeFi. Such as staking their coins for rewards, or trading various pairs using decentralized exchanges (DEXes).
Cutoshi will provide a DEX and a learning academy to bring those investors up to speed on all the things that crypto stands for, and can offer.
Cutoshi is currently on sale at $0.022 and will continue to rise in price as more money is raised. The current market cap is a mere $9.68 million as opposed to SUI and PEPE which have market caps in the billions.
This means that way less money is needed to move the market meaning that Cutoshi could easily return a 9x, with experts predicting that the actual figure will be much higher, possibly as high as a 90x return if the coin can achieve a price of $1.98.
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