Fantom (FTM): New Sonic Update to Propel the Price Upward
Fantom is a highly scalable blockchain known for its speed and low transaction fees. As a layer-1 solution with a thriving ecosystem of decentralized applications, it plays a crucial role in the DeFi space. Here’s why analysts believe Fantom is a promising investment:
- Recent Growth: Fantom has experienced a remarkable 62.52% growth over the past 30 days, currently sporting a Relative Strength Index (RSI) of 63, indicating a strong buy.
- Moving Averages: The moving averages reflect a strong buy signal across daily, weekly, and monthly charts, although oscillators remain neutral.
- Whale Activity: In the last 24 hours, large transactions have surged by 980%, suggesting increased confidence from major investors.
- Consolidation and Target Price: Fantom appears to be consolidating after a breakout, with a primary target set at $1.
- Sonic Update: Scheduled for December 2024, the Sonic update promises lightning-fast transactions (over 10,000 TPS) and a sub-second time to finality.
Additionally, developers will receive up to 90% of gas fees back from user transactions. Fantom plans to introduce a native stablecoin, a secure Ethereum gateway, and a 200 million token airdrop. The upcoming Sonic update, coinciding with the anticipated altseason, is generating bullish sentiment around Fantom.
Kaspa (KAS): A Cheap Buy
Kaspa, a proof-of-work (PoW) coin, gained popularity thanks to its GhostDAG protocol, which tackles scalability issues associated with older PoW networks. Here are the key points to consider:
- Recent Performance: Kaspa has seen an 8.44% decline in the last 30 days and has an RSI of 34, nearing the oversold limit, making it an attractive buy.
- Key Levels: The significant level on the weekly chart stands at $0.1550; a breakout here could lead to substantial upward movement.
- Current Status: Following a notable drop on October 1st, Kaspa is currently priced at $0.1468, with strong support at $0.14.
- Accumulation Zone: The peak from November 2023 has now turned into a consolidation zone, suggesting an accumulation phase and potential breakout soon.
Cutoshi (CUTO): A Unique Blend of Utility and Fun
The DeFi sensation Cutoshi has been gaining traction recently. Unlike established tokens like Fantom and Kaspa, Cutoshi is still in its presale phase, offering investors an early entry opportunity. Key features of Cutoshi include:
- Memecoin and DeFi Hybrid: Cutoshi combines the viral appeal of memecoins with strong DeFi utility.
- Comprehensive Ecosystem: The token features a multi-chain decentralized exchange, token farming, NFTs, and an educational platform for new users.
- Deflationary Model: A portion of the DEX fees will be allocated to burning CUTO tokens, enhancing its deflationary nature.
- Potential for Growth: Analysts predict that Cutoshi could see a 100x increase after listing on major exchanges. The presale price of just $0.015 makes it an attractive entry point for traders.
In conclusion, with Fantom’s upcoming Sonic update, Kaspa’s potential recovery, and Cutoshi’s unique offering, Q4 presents exciting opportunities in the cryptocurrency market. Investors should consider these coins as they strategize for the coming months.
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