Crypto whales have recently made a significant move in the market, shifting their investments from Chainlink (LINK) and the DAI stablecoin to Cutoshi (CUTO), a rapidly growing meme project on the Ethereum blockchain.
This migration to Cutoshi is driven by the increasing potential of the project, which has gained a reputation and recently been listed on CoinMarketCap.
The listing on CoinMarketCap is a major milestone for Cutoshi in its journey in the crypto market. It has set the project on a path of exponential growth, attracting whale investors who are now buying the project’s presale.
Cutoshi has experienced a consistent rally in its presale, with a gain of over 45% in the past week. The first presale phase sold out quickly, and it is projected to reach 100x in the coming weeks. With a price of only $0.022, investors have the opportunity to buy the token’s presale and position themselves for high returns on investment.
Cutoshi is a project that adheres to the core principles of decentralized finance (DeFi), including privacy, security, anonymity, and empowering the masses financially. The goal is to increase participation in DeFi through the sophisticated Cutoshi ecosystem and its fun meme coin. The ecosystem includes a multi-chain decentralized exchange, educational platform, farming protocol, and more, all designed to ensure decentralization and financial freedom. The project combines the lucky powers of the traditional Chinese Lucky Cat with Satoshi Nakamoto’s teachings on blockchain technology, bringing luck to investors’ digital assets while giving users control over their assets.
Chainlink (LINK) has managed to establish support above the $10 mark and is now looking to trigger a bullish momentum. According to top analyst TheRealSatoshi, the Chainlink token looks promising and could soon break through the $13 resistance level.
Chainlink’s analysis shows that it is currently trading above the 50-day SMA ($11.065) but below the 200-day SMA ($13.35). More than 15 key market indicators are bullish, and the Chainlink Fear and Greed index stands at 77 (Greed), indicating increasing buyer activity.
In the past week, Chainlink’s price has increased by 6%, pushing the altcoin above the $11 mark. With the rising market activity, confirmed by the surging trading volume, there is a possibility that LINK might retest the $12.9 resistance trendline in the coming days.
The DAI stablecoin has experienced a notable increase in trading volume in the past 24 hours, believed to be a result of whale activity as they move to buy Cutoshi. The DAI coin has seen a 29% growth in trading volume, generating over $76 million in the process. DAI is an Ethereum-based stablecoin that has been in existence since 2019.
Overall, the DAI token could see further increase in market activity as more crypto whales prepare to move their stablecoins to buy the trending Cutoshi project.
Cutoshi remains a top token to buy in Q4. While Chainlink shows bullish signals, Cutoshi stands out with its strong utility, massive potential, and low entry advantage. With its robust ecosystem and tools that bring DeFi closer to the masses, the CUTO token could potentially reach 50x before the end of the presale.
For more information on the Cutoshi (CUTO) Presale, visit their website at https://cutoshi.com or join their community on Twitter (@CutoshiToken) and Telegram (https://t.me/cutoshi).
