Those who have been sidelined during the Solana (SOL) rally need not worry, as the crypto market is still ripe with opportunity and the bull run is just kicking off.
Investors on the lookout for the next big gainer are increasingly paying attention to Cardano (ADA) and Cutoshi (CUTO) as bullish catalysts are lining up for both projects.
Solana Becomes Layer 1 Leader As Adoption Skyrockets
Between its bullish momentum and its meme coin factory generating millions of revenue, Solana has played a protagonist role throughout 2024. Over the last month alone, Solana surged by a massive 42%, reaching a new all-time high of $263 and overtaking BNB as the 4th largest cryptocurrency. But this is not enough for Solana and with its $113 billion market cap, it’s already eyeing Tether’s third place.
However, many believe that although Solana will most likely rally much higher as the bull market ramps up, it has already reached the point of diminishing returns. Projects like Cardano (ADA) could see more substantial gains in 2025 and for those looking for massive price multipliers, Cutoshi is there for the taking.
Over the last week, Solana entered a mini cool off phase as selling pressure forced a retracement from the top. At press time, Solana trades at $238 with a 3.3% rebound from the lows. As consolidation continues, during the ongoing meme coin frenzy, Solana DEXes have recorded a record $41 billion in weekly trading volume, signaling growing ecosystem adoption.
After spending months in the backseat, Cardano holders were vindicated as ADA tore through major resistance levels with ease and peaked at $1.13, boasting over 210% monthly gains. After a brief retest of the $0.88 support, Cardano bounced back to $1.02 with a 9% intraday increase. Short-term momentum seems to be slowing down for Cardano, as reflected by the 10% drop in volume, with approximately $2.7 billion worth of ADA traded over the last 24 hours.
At these levels, however, whales are stepping in, as they accumulated over 130 million ADA tokens in a matter of days. This means that the Cardano run is far from over.
Crypto analyst Av Sebastian has shared a chart reading on X showing Cardano breaking out of a descending trendline on the 4-hour chart. A successful retest above the trendline would confirm a bullish thesis and Cardano could soon soar to new heights, with the next big target being the $2 mark.
How Cutoshi Rewrites The Stale Meme Coin Script
Cutoshi wants to change the stereotype around meme coins being nothing more than hype-driven speculative assets with its hybrid approach that merges meme energy with DeFi utility.
At the heart of the ecosystem is CUTO DEX, Cutoshi’s innovative decentralized exchange. This platform unites isolated blockchains, allowing for rapid cross-chain transactions with just 0.25% in trading fees.
The mythical Lucky Cats of Japanese tradition are said to bring prosperity to businesses and households. Cutoshi wants to do the same for the rapidly growing Cuto Community through the Cutoshi Farming reward system.
Users will have the opportunity to partake in special events and complete fun missions aimed at boosting Cutoshi’s presence in crypto space. Along the way, they will earn generous monetary incentives. Speaking of incentives, Cutoshi just kicked off a meme contest with a $2,000 prize pool. To learn more, head over the official X account and share your best memes!
The third stage of the viral $CUTO presale is selling out fast and tokens are priced at just $0.0259. So far, over $1.1 million has been raised and demand continues to rise. This is the perfect entry point for investors who want to be on the winning side of the utility-driven meme coin revolution!
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://t.me/cutoshi
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