Near Protocol Price Prediction: Can Cutoshi Replicate NEAR's Year-on-Year Charts?

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On the year-to-date chart, Near Protocol (NEAR) has increased 349% from the low of $1.09 to the current level of $4.9. AI and Web3 Integration with scalability enhancements are the major reasons for the rise in NEAR’s price. However, despite the massive gains in the last four months, It has formed higher lows and lower highs, with the price down 40% in this timeframe.

This bearish trend in top coins has made investors pursue better opportunities in emerging themes. One of the high potential themes is utility memecoin like Shiba Inu and Floki. Cutoshi (CUTO) is the top utility memecoin project attracting investors for its great fundamentals and lucky charm.

We will investigate the features of Cutoshi, which rank it among the top utility memecoins and potentially one of the best presale projects in 2024.

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Near Protocol (NEAR) Falls Back To 50-Day Moving Average, Will It Gain Strength?

Near Protocol broke out of the trendline resistance in the recent market recovery. However, due to the market dump on Middle East tension, it has fallen back below the $5 psychological level. Price action in NEAR is weakening, with the doji candles around the support level. It is still trading below the short-term moving averages of 10 and 20-DMA, which will be major barriers to price.

NEAR has gained considerable attention for integrating artificial intelligence (AI) into its blockchain. Its decentralized system gives users control over their data, putting NEAR at the forefront of AI innovation in the crypto world. This also led to its inclusion in Grayscale’s AI Fund, which boosted its market visibility.

NEAR’s technology enhances scalability and decentralization, especially its Nightshade sharding mechanism. This gives NEAR a competitive edge in the Layer-1 blockchain space, tackling issues that other blockchains, like Ethereum, still face.

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However, the downtrend has led NEAR investors to book profits and look for other opportunities like Cutoshi, which may potentially replicate Near Protocol’s gains by the end of the year.

Expert Investors Projects 1,150% Gains In Cutoshi (CUTO) By January 2025

As major memecoins like Dogecoin and other small-cap memecoins have failed to impress investors, market sentiment is shifting towards memecoins with utility and larger community activity. One expert investor who booked 320% gains in Near Protocol in a few months is betting on Cutoshi. He has even given the bold prediction of over 1,000% gains in CUTO by the end of the year.

Cutoshi blends the charm of the Chinese Lucky Cat with the name and vision of Bitcoin’s creator, Satoshi. Its goal is to bring prosperity to your portfolio while promoting a decentralized future. The project’s highlight is the Cutoshi exchange, a non-custodial, cross-chain platform that connects major blockchains. Low fees and fast transactions help investors boost their returns and cut down on costs.

To guide users through the crypto space, Cutoshi offers the Cutoshi Academy, an educational platform aimed at new investors. It simplifies cryptocurrency and DeFi concepts, explaining key terms and investment strategies. By closing the knowledge gap, Cutoshi hopes to make crypto more accessible to everyone.

Currently priced at just $0.015, Cutoshi may provide an attractive entry point for those who believe it has the potential to impact the DeFi space. According to the expert’s projection, $200 invested at the current level could turn into $2,500 by December.