Crypto News: Solana Still A Favourite As Stellar Posts 140% Weekly Gain And Viral ETH Sensation Raises Over $1 Million
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November 26, 2024 11:59 AM Eastern Standard Time
As far as the crypto cycle is concerned, Solana season is still on as SOL recently reached a new all-time high and is preparing for the next leg up. After years spent on the sidelines, Stellar has also experienced a massive surge, vindicating long-term holders.
Meanwhile, a new contender has appeared in the meme coin space - Cutoshi. This project is already capturing the attention of investors with its unique blend of meme energy and DeFi utility.
Solana Price Consolidating Just Below ATH As Buyers Step In
Solana (SOL) has played a protagonist role in the crypto market since its first memorable 2021 run. Although Solana faced significant turbulence due to the project’s ties with the disgraced FTX exchange and now defunct trading firm Alameda. However, Solana managed to bounce back and is now the leading platform in the Layer 1 space, surpassing BNB and posing a not-so-veiled threat to Ethereum’s supremacy.
At press time, Solana trades at $248 with a 1% intraday increase. After reaching a new all-time high of $263 just a few days ago, Solana’s momentum has stalled as reflected by the 20% decline in 24-hour volume, with roughly $4.8 billion worth of SOL traded on exchanges.
According to analyst CryptoRus, Solana could skyrocket to $4,000 at the peak of the cycle. He points out that Solana is breaking out of a multi-year cup-and-handle chart pattern and its next move could lead to SOL’s price exploding like never before.
Stellar’s Facemelting Run Outshines The Entire Market
After spending over two years moving in a narrow trading channel around the $0.10 mark, Stellar (XLM) shocked the market with a 500% surge that saw it reach a new local peak of $0.63. After retracing, Stellar is now selling for $0.45, boasting a 378% monthly increase. This rally saw Stellar enter the crypto top 20 and is occupying the 14th place with $15.1 billion in market capitalization
For most market participants, this Stellar moonshot came out of nowhere, but on X, analyst Just Some Guy has shared insights that bring some clarity. Stellar’s derivatives volume reached a staggering $8.8 billion, a 94% increase, with open interest (OI) surging by 54%, at $450 million.
However, when looking at the chart, Stellar could soon enter a short-term cool-off period, as reflected by the overheating of the weekly RSI indicator, which is now deep into overbought territory, at 86 points.
Cutoshi Is Leading A New Meme Coin Revolution
Cutoshi seeks to redefine an entire market by rewriting the meme coin playbook and bringing much-needed utility that is hardly seen in the space, with a few notable exceptions. Its approach brings together memes with DeFi functionality, creating an engaging state-of-the-art ecosystem that will allow for rapid-fire cross-chain swaps between different blockchains.
Cutoshi’s aesthetic is based on the Lucky Cats of Japanese traditions that are said to bring prosperity to businesses. Cutoshi also brings good fortune, as it digitizes it and takes it to the blockchain, blessing its rapidly growing user base with generous rewards and prizes.
Users will be tasked with completing various missions aimed at expanding Cutoshi’s online presence. For their efforts, they will be granted Cutopoints that can then be redeemed for $CUTO tokens. Another interesting feature that separates this meme coin from the competition is the Cutoshi Academy. This is a learning hub that will help newcomers take the first steps of their crypto journey.
Stage 3 of the $CUTO presale is underway and tokens sell for only $0.0259. This is the perfect entry point for investors who want to capitalize on Cutoshi’s utility-driven meme coin revolution.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
Welcome to Cutoshi, the revolutionary meme coin, DeFi hub and educational platform inspired by the Lucky Cat and Satoshi Nakamoto’s teachings.
Traditionally, people put the Lucky Cat in their homes and businesses to maximize its lucky powers and bring them good fortune and wealth. Now Cutoshi the Lucky Cat is on the blockchain bringing luck, prosperity, and wealth to your digital assets.
Cutoshi is creating a path to financial freedom, for those who choose to honor the power of the Lucky Cat. Supporting the principles of freedom, privacy, anonymity, and monetary empowerment for the masses. Cutoshi aims to bring the benefits of blockchain to everyone.
The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Custoshi.
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