There has been a recent notable market activity that saw crypto whales move their portfolio from Chainlink (LINK) and the DAI stablecoin into Cutoshi (CUTO), which is deemed one of the fastest-growing meme projects on the Ethereum blockchain.
The whales’ migration to the Cutoshi meme coin is informed by the rising potential of the
Cutoshi
project, which has gained a reputation and recently listing at
CoinMarketCap
.
Cutoshi (CUTO) Attracts Whale Investors After Its Latest Listing On CoinMarketCap, Set Sight On More Listings
Cutoshi has recorded a significant milestone in its upward journey on the crypto market with its listing in CoinMarketCap, the world’s most referenced crypto data-tracking website. The listing has significantly aligned Cutoshi on the path of exponential growth as whale investors have started buying the project’s presale.
Cutoshi has maintained a consistent rally in its presale. It gained over 45% in the past week and sold out the first presale phase within a short time. Moving forward, Cutoshi is projected to hit 100x in the coming weeks. At only $0.022, investors can buy the token’s presale and position themselves for the potential high ROIs.
Meanwhile, Cutoshi is a project that follows core DeFi principles of privacy, security, anonymity, and monetary empowerment for the masses. The overall aim is to increase DeFi participation through the sophisticated Cutoshi ecosystem and fun meme coin. Inside the ecosystem is a multi-chain decentralized exchange, educational platform, farming protocol, etc.
All these are designed to ensure full decentralization and financial freedom. The project was developed on two ideas – the traditional Chinese Lucky Cat known for its lucky powers and Satoshi Nakamoto’s teaching for blockchain technology. Linking both, Cutoshi will bring luck to investors’ digital assets while also granting users control over their assets.
Chainlink (LINK) Establish Support Above The $10 Mark As It Looks To Trigger Bullish Momentum
After successfully resisting a fall below the $10 support zone so far in the past month, Chainlink (LINK) is poised to record a significant uptrend in the coming weeks. As per top analyst
TheRealSatoshi
on X, the Chainlink token looks good and could break through the $13 resistance mark very soon.
Source:
TheRealSatoshi on X
Meanwhile, Chainlink’s analysis shows it is trading above the
50-day SMA ($11.065)
but below the 200-day SMA ($13.35). Over 15 key market indicators are bullish, with the Chainlink Fear and Greed index at 77 (Greed), a sign of increasing buyer activity.
According to
market data
, Chainlink’s price has increased by 6% in the past week, pushing the altcoin above the $11 mark. With the rising market activity, confirmed by the surging Chainlink trading volume, LINK might retest the $12.9 resistance trendline in the coming days.
DAI Records An Increased Trading Volume As Whale Investors Move Stable Coin To Buy Cutoshi
The DAI stable coin has recorded a notable increase in its
trading volume
over the past 24 hours in an event experts believe is a direct cause of whale activity in their move to buy Cutoshi.
This is so because the DAI coin recorded 29% growth in its trading volume while generating over $76 million in the process within the last 24 hours. It is worth noting that the DAI coin is an Ethereum-based scale coin that has been in existence since 2019.
Overall, the DAI token could see more increase in market activity going forward as more crypto whales prepare to move their stablecoins toward buying the trending Cutoshi project.
Top Token To Buy In Q4
Cutoshi has always been a standout meme project since it started its presale. While Chainlink harbors notable bullish signals, Cutoshi ultimately comes on top with its strong utility, massive potential and low entry advantage. With the robust Cutoshi ecosystem and the tools that will bring DeFi closer to the masses, CUTO token might hit 50x before the end of the presale.
For more information on the Cutoshi (CUTO) Presale:
https://cutoshi.com
Join and become a community member:
Tweets by CutoshiToken
https://t.me/cutoshi
Tags:
LINK
Increased Interest in LINK and DAI as Crypto Whales Shift Holdings Amid Cutoshis DeFi Innovation