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Solana Price Surge: Factors Behind Its Recent Uptrend And Why Investors Are Also Eyeing Cutoshi And Sui

Solana Price Surge: Factors Behind Its Recent Uptrend And Why Investors Are Also Eyeing Cutoshi And Sui

Solana (SOL) is one of the few tokens that have maintained its rallying momentum over the past weeks despite a market wide October low. Solana has gained 15% within a month to sit above $81 billion in market cap. The token's consistent rise is attributed to a key factor which will be highlighted in this article. 

Meanwhile, investors are showing keen interest in the Sui (SUI) token alongside the surging potential of Cutoshi (CUTO). These tokens have since been on investors’ watchlist as both projects continue to churn out bullish numbers in the market.

Cutoshi (CUTO) Listing On CoinGecko Draws Closer As Token Witnesses Increased Presale Buyouts

The Cutoshi meme-utility project has raised over $580,000 so far, sparking a major inflow of users signing up for the anticipated platform. While Cutoshi is just over a month into its presale, it has already bagged a CoinMarketCap listing with another listing on CoinGecko imminent.

The Cutoshi project is unlike the regular meme coins circling the market. Cutoshi showcases multiple valuable utilities such as a non-custodial multi-chain DEX exchange service for the seamless swapping of digital assets through various blockchains, a yield farming ecosystem that rewards the community for engaging in quests, DeFi learning infrastructure and more.

These utilities are some of the key factors powering the project’s surging potential. Even as Cutoshi recorded over 45% growth so far in presale, the market trajectory could see the token gain over 40x before the presale is over. This puts Cutoshi among the hottest meme projects on Ethereum, with expectations hitting the $1 target in 2025

At only $0.022, investors can buy the token and position themselves for massive gains in the future. The security is assured as a reputable third party firm has audited the smart contract. Given the limited total supply, the current stage is the best time to invest in CUTO.

Thriving Solana Meme Coin Ecosystem Propels Token To Sustained Bullish Sentiment

Solana’s price has spiked in the past week as a new niche, AI meme coin, became a trendy project in the industry. For context, an AI language model known as Truth Terminal launched a meme coin called Goatseus Maximus, which has risen by over 90% in value within a week.

Given that the coin was launched on the Solana blockchain, the increased transaction has increased the overall value of the blockchain, including the Solana native token, which has risen above the $170 mark. This has also pushed Solana’s entire meme coin market to over $11.4 billion, as per stats.

Thriving Solana Meme Coin Ecosystem Propels Token To Sustained Bullish Sentiment

Source: CoinMarketCap

The last week has seen Solana trading volume make a daily average of $2.4 million (+14% monthly rise) in transactions, as per recent report. These developments have seen Solana’s market cap rise by 12% in the last 7 days while Ethereum struggles with a loss of over 6% within the same timeframe.

Sui (SUI) Integrates With Google Cloud As Token Records Multiple Milestones

Sui (SUI) will be partnering with Google Cloud in a bid to enable real-time blockchain data for both AI and gaming apps. This partnership which is powered by Zettablock will facilitate easy detection of AI fraud while allowing high-speed gaming transactions on the network.

Meanwhile, the Sui token price has witnessed a significant uptrend since the start of September. The rally has propelled Sui’s price to reach an all-time high of $2.36 on October 14th, as per the market stats. The month of October also marked the first time that Sui’s market cap reached and surpassed the $5 billion valuation since its launch.

Sui (SUI) Integrates With Google Cloud As Token Records Multiple Milestones

Source: CoinMarketCap

While the token has since retraced below the $2 mark, there is a substantial bullish signal to suggest that the token could record a price value above the $3 mark in the coming weeks on the current trajectory.

Best Crypto To Buy

The collection of bullish tokens like Solana, Sui, and Cutoshi all serve as viable projects in which to invest in Q4. Nonetheless, Cutoshi’s low entry price, deflationary mechanism and limited total supply make it one of the meme coins to watch out for in the coming months.

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


This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.


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