The recent bearish market trend took its toll on several top cryptocurrencies, including Avalanche (AVAX). This altcoin is currently trapped below the monthly resistance around $25. While in danger of prolonged consolidation, savvy investors and crypto whales with AVAX holdings are now switching their investment focus to a trending new DeFi coin called Cutoshi (CUTO).
Avalanche Price Battles Price Volatility Despite Institutional Push
There have been increasing worries around Avalanche (AVAX) price consolidating for a long period. Yet, some market experts and institutional investors continue to support the crypto with great optimism for a possible bullish reversal. According to an X post by Andrew Griffiths at the end of January, AVAX price could rise to higher levels, around $42, in the first quarter of this year.
Andrew’s chart analysis displays two possible scenarios. First, should the AVAX price successfully flip the $34.50 (January’s Monthly Value Area Low) into support, a 17% growth above the current price could be within reach. But, if it fails to do so, the crypto will register an inevitable 5% decline.
Source: TradingView
AVAX trades at $24.85, reflecting an almost 38% drop in the past month. A close look at its technical analysis reveals AVAX price moving averages and RSI show a strong sell signal. Experts interpret this as a sign that the current trend may continue should it fail to break through the resistance.
To hedge their investment against this potential plunge, AVAX investors have joined other smart investors in jumping ship to the hot new utility meme coin called Cutoshi.
How Cutoshi Attracts An Influx Of Investors
Built on the Ethereum network, Cutoshi (CUTO) is well-positioned to rewrite the memecoin narrative. Leveraging its harmonious ecosystem, this project embodies the cultural heritage of the popular Chinese lucky cat attributed to good fortune.
The $CUTO MemeFi ecosystem hosts a DeFi hub with aspects like a DEX protocol, token farming and staking mechanism, and the Cutoshi Academy bringing DeFi to the masses through education.
In addition to the lucrative possibilities it presents via its DeFi hub, Cutoshi also incentivizes active users with complimentary items like NFTs and merch whenever they take on particular quests.
Moreover, the native $CUTO token performs a crucial role as the heartbeat of the ecosystem, enabling transactions within the learning academy and Cutoshi DEX’s buy-and-burn mechanisms.
The exciting part is that the CUTO presale still offers easy entry if you get in now. The token sells at a modest price of $0.045 in its fifth presale stage. That is still a profitable bargain, having registered over 100% price increase already.
Conclusion
Cutoshi does more than the average trending memecoin, owing to its hybrid approach. Here is a meme coin project that integrates DeFi elements and appeals to satisfy diverse users. Here is a more stable project compared to top DeFi coins like AVAX, with higher volatility.
You can start accumulating $CUTO with the limited-period Valentine’s week offer, which gives you a 35% bonus on your deposits.
Cutoshi Presale Live, Learn More Below
- Price: $0.045 per $CUTO
- Supply: 440,000,000 tokens (ERC-20)
- Website: https://cutoshi.com
- Telegram: https://t.me/cutoshicommunity
- X (Twitter): https://x.com/CutoshiToken
Plagiarism report: https://1text.com/plagiarismchecker/67b43233c8b97
