The market appears primed for a massive surge. Bonk (BONK) and Tron (TRX), in particular, are showing exceptional promise, with bullish catalysts lining up for both of them.
A newcomer is also making waves in the meme coin space. It is Cutoshi with its unique DeFi ecosystem, and its viral presale has investors scurrying to get an allocation.
Bonk Has Entered An Accumulation Phase
Over the last month, Bonk (BONK) has been ranging around the $0.000022 mark. Currently, Bonk is consolidating at range lows, selling for $0.000021 with flat intraday price movement.
Zooming out on the chart, it’s clear that Bonk has entered an ascending channel. Besides, if bulls manage to reclaim and hold the price above $0.000024, bullish price discovery should follow.
In recent news, Bonk has started a collaboration with New York-based investment firm Osprey Funds. It did so to launch the first-ever exchange-traded product (ETP), which will be named Osprey BONK Trust. Bonk significant as it could lead to other meme coins following suit. It can pave the way for the first meme spot ETF.
Tron Wants Its ATH Back
Since escaping the 2022 bear market depths, Tron has been in up-only mode, never closing below its ascending trendline. Over the past month, TRX has reached a fever pitch while reclaiming and surpassing its 2021 high of $0.157. Today, Tron trades at $0.1644, and it has been consolidating around this mark for a few days.
In an X post, Tron founder Justin Sun revealed a plan to upgrade Tron’s USDD stablecoin. The goal is to make it the “definitive” decentralized stablecoin. USDD will be backed by TRX’s $16 billion market cap. The growing revenue of the Tron network, reaching a peak of $151 million in Q3, will also support that stablecoin.
Meet Cutoshi, The Luckiest Cat On The Blockchain
Cutoshi’s premise is a unique blend of meme energy backed by state-of-the-art DeFi technology, with a nod to Japanese culture and its Lucky Cats.
Cutoshi boasts a holistic DeFi ecosystem centered around CUTO DEX. It is a non-custodial, cross-chain platform that brings together all major blockchains while upholding the highest standards of privacy and security. Users will enjoy near-instant transactions at the lowest possible fees.
Cutoshi will offer its community numerous monetary incentives for engaging with the ecosystem and boosting Cutoshi’s presence on social media. Via Cutoshi Farming, users can complete various tasks and missions to earn Cutopoints, which can then be redeemed for $CUTO tokens. In addition to this, they can also stake $CUTO on the platform and earn passive income.
Lowering entry barriers and accelerating adoption are among Cutoshi’s priorities. That’s why the Cutoshi Academy intends to bridge the knowledge gap and teach newcomers all the key concepts regarding DeFi, trading, and long-term investing. This initiative’s ultimate goal is very simple: to make the lives of beginners easier and help them on their crypto journey.
Almost $600,000 has been raised so far, and the $CUTO presale has entered its second stage. When taking into account all that Cutoshi has to offer, it’s realistic to believe that it could outperform other major meme coins.
