Solana has encountered congestion issues, resulting in a significant loss of market value. Meanwhile, Cutoshi gains attention thanks to its DeFi capabilities and unique meme approach.
Solana technical analysis amid market pressures
SOL's price declined nearly 36% in the past month due to macroeconomic pressures. Despite this, some Solana traders still cite bullish signals such as the Relative Strength Index (RSI) at 45, indicating undervaluation. However, experts caution that SOL's growth depends on M2 money supply expansion, a metric tied to inflation and crypto demand.
Cutoshi thrives on DeFi powers and meme appeal
As SOL struggles with market volatility, projects like Cutoshi attract broad attention with accessible tools like their learning academy and DEX. Their Multi-Chain DEX offers low fees and redistributes most of the ecosystem income to users. Cutoshi also launched an educational platform and farming quests, encouraging user participation.
Cutoshi presale stuns market observers
Now in its fourth presale stage, Cutoshi has raised $1.8 million, valued at $0.045 per token, highlighting a trend where traders diversify into innovative alternatives.
Despite Solana's challenges, projects like Cutoshi continue to show growth potential and innovative solutions with DeFi participation and meme culture.
