All eyes are on Bitcoin (BTC) as it celebrates the $100k landmark. Needless to say, euphoria is dominating the stage as the sentiment is at an all-time high. However, what happens next could go down as one of the biggest gold rushes in the history of crypto.
Once Bitcoin starts cooling off, altseason will follow, and with it the massive green candles that investors have been waiting for all throughout the bear market.
Among the projects primed for explosive surges are Solana (SOL), Bonk (BONK), and newcomer Cutoshi (CUTO).
Bitcoin Faces Selling Pressure, But Bulls Are Standing Their Ground
At press time, Bitcoin (BTC) trades at $101k with a 6.1% 24-hour increase. Bitcoin tapped the $104K mark, but as traders began taking profit, a minor retracement followed. As per CoinGlass data, Bitcoin’s order books are a battleground right now.
Bears and bulls are fighting tooth and nail to get the upper hand, firing buy and sell orders away. However, massive sell walls are beginning to take shape as bears are preparing to unload significant amounts of BTC above the $102k level.
Meanwhile, institutional investors are bidding heavily, with Bitcoin ETFs recording over $1.5 billion of net inflows in the first days of December. BlackRock alone now holds nearly half of all the BTC held in ETFs, with over 500,000 coins in custody.
Solana Gearing Up For Breakout
Solana saw a new all-time high at $263 in November, but as selling pressure intensified, a pullback followed. Solana dove below $230 a few times before finally settling around the $240 mark.
Right now, Solana is consolidating just below resistance, as analyst and trader XO points out. A breakout from these levels could send Solana soaring above $300 before the end of the year, riding the tailwinds of Bitcoin.
Furthermore, numerous fund managers have already filed with regulatory bodies for the approval of Solana-based ETFs, among these are VanEck and BitWise. More recently, GreyScale also made news with its intention to turn its $136 million Solana trust into an ETF and has already submitted an application to the New York Stock Exchange (NYSE).
Bonk Challenges WIF For The 4th Place On The Meme Leaderboard
Along with Dogwifhat, Bonk (BONK) is the most widely recognizable Solana-based meme coin and has been on a roll. In the last month alone, Bonk has recorded a 118% surge that saw it scale the crypto ranking with ease and become the 5th largest meme coin with $3.25 in market cap.
Today, Bonk sells for $0.000043 with a 5.7% intraday increase and a 28% jump in trading volume, with over $778 million worth of BONK traded on exchanges in the last 24 hours.
Along with Cutoshi, Bonk is among the few meme coins that have opted for a utility-driven approach. While most memes offer little in terms of functionality, Bonk boasts an ever-expanding ecosystem that comprises a DEX, a trading bot, and the integration of nine prominent blockchains.
How Cutoshi Disrupts Both Memes And DeFi
Cutoshi (CUTO) is a new utility meme coin leveraging a cutting-edge MemeFi platform. Investors are flocking in droves to the $CUTO presale, and so far, more than $1.29 million has been raised in record time. Stage 4 of the presale is now live and $CUTO tokens sell for just $0.031, a perfect entry point for early buyers, as the price is expected to rise substantially in the upcoming months.
On Cutoshi’s non-custodial CUTO DEX, traders will be able to perform seamless transactions across major blockchains at the lowest possible fees. Simultaneously, they won’t have to compromise sensitive data, as no KYC is required to join.
The native token $CUTO powers the project’s generous reward mechanism, Cutoshi Farming. By completing missions aimed at boosting Cutoshi’s online presence, users will receive Cuto points that can be later exchanged for $CUTO once the token launches.
Given how low Cutoshi’s current market cap is, adding $CUTO to one’s portfolio should be a no-brainer, especially with altseason looming.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
