As the markets undergo corrections, experts predict a bull run in the crypto markets in the coming months. Investors are scouting the latest promising projects and scooping up coins to hold for explosive returns.
Smart investors are tracking Internet Computer (ICP) and Bonk (BONK), along with an emerging utility meme coin, Cutoshi (CUTO), that shows potential for explosive growth. In this article, we will analyze the potential price action of these altcoins in the coming months and examine the reason behind Cutoshi’s high growth potential.
Internet Computer (ICP): Tremendous Profits If It Recovers
Internet Computer (ICP) trades at $8.04 after an intraday surge of over 1.8%. Internet Computer’s (ICP) trading volume has increased 47% in the last 24 hours, indicating increased demand. Internet Computer (ICP) is almost 99% down from its All-Time High (ATH)—$750.73. It has been trading in a ranging motion for the past few months. Currently, a double bottom is emerging in the chart.
The key support level for Internet Computer (ICP) is the $7.607 price mark, where significant bullish pressure can be introduced. Internet Computer (ICP) has an immediate resistance level of $8.369 and another strong resistance level of $8.735.
Today’s candlestick for Internet Computer (ICP) is a doji, showing uncertainty. The Relative strength index is 45 and has been steady for some time, showing a neutral stance. Internet Computer (ICP) trades below the 50-day and 200-day Simple Moving Averages.
Bonk (BONK): Starting A New Rally?
The Market cap for Bonk (BONK) stands at $1.5 billion. Bonk (BONK) has been in a short-term downtrend for the past couple of weeks after breaking through the upper trendline of the major downtrend it had been for the second half of this year.
Bonk’s (BONK) current market price is $0.00002073. The price has risen over 5.3% in the last 24 hours, and the daily trading volume has increased significantly by 15%.
Bonk (BONK) faces rejection from the 20-day SMA but trades above the 50-day SMA. The MACD indicates bearish momentum as it declines toward the zero line.
The $0.00001927 price is a crucial support level for Bonk (BONK), with another support further below, near $0.00001816. Bullish pressure could be introduced at these support levels to break the short-term decline. If the price moves higher, $0.00002213 and $0.00002454 could provide significant resistance to the price movement.
Cutoshi (CUTO): Hot New Multi-bagger Meme Coin
Cutoshi is a utility meme coin with the purpose of spreading awareness about decentralized finance (DeFi) and bringing freedom, privacy, and monetary empowerment to the masses.
It takes inspiration from the Chinese Lucky Cat, which brings luck and good fortune to its owners. Cutoshi brings the lucky cat to the blockchain to bring prosperity to your digital assets. The revolutionary Cutoshi DEX (Decentralized Exchange) allows cross-chain asset swapping between users, saving them time and money. It removes the third parties from the transaction process, increasing security and privacy.
The CUTO token’s supply is fixed to ensure deflationary results and an increasing value over the long run.
Cutoshi (CUTO) is currently in the second presale stage, selling for a price of $0.022 per token. The token is expected to reach a valuation of $0.5 by the end of this year, giving early investors a return of over 2172.73%. If Cutoshi achieves this that would be a staggering ROI for early investors’ turning $1000 into over $22,000.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
