The rebounding of the crypto market in the past week has put the Ethereum blockchain in the spotlight once again. Having faced a massive selloff in recent weeks, the recent resurgence has triggered positive predictions.
The new Ethereum memeFi coin Cutoshi has continued to gain traction in presale. The recent listing on CoinMarketCap has further boosted the project’s credibility. There is growing optimism that the CUTO token could surge by as high as 40x in the coming months, driven mostly by the unique Cutoshi multichain DEX and the limited token supply.
Ethereum Price Prediction — Can Ether Cross The $3K Mark In Q4?
Ethereum has witnessed tremendous growth in the past months, even with significant selloffs in the past weeks. As per an analysis by on-chain crypto market tracker Santiment, Ethereum network fees recently dropped to an average of $1.63 as the platform nears its 10th anniversary
The low transaction fees will likely push traders to increase their transfers, leading to more activities on the Ethereum blockchain. Meanwhile, Market data shows that Ethereum has dipped slightly by 2% in the past day after the altcoin failed an attempt at breaking through the $3k resistance zone, which could most likely have triggered more demand for Ethereum tokens.
Both the Ethereum market cap and trading volume have dropped considerably as the bears regain control. Although Ethereum market sentiment is neutral, if it can maintain the current support level at $2500, it could mount a challenge at $3000 in the coming weeks.
Crypto experts like The Moon remain optimistic of the Ethereum price surpassing $4000 soon. Moon believes that if Ethereum can break descending resistance and above $2860, it could target the $4000 mark.
Source: The Moon on X
Can The Upcoming Ethereum-Based MemeFi Token Boost The Adoption Of Meme Coins?
One of the biggest concerns investors have about meme coins is pump-and-dump, which results from meme coins with no real value or utility. However, the new Cutoshi (CUTO) meme coin aims to change the narrative with a meme coin that has strong utility in an ecosystem which includes a multi-chain decentralized exchange.
The unique Cutoshi DEX will allow for cross-chain asset swapping, simplifying the process and saving people’s time. Another unique feature is the Cutoshi Academy, which enhances users’ understanding of DeFi and cryptocurrency while bringing DeFi closer to the masses.
Through the Cutoshi farming mechanism, users can also participate in quests, collect points, and redeem them for CUTO tokens. Given the Cutoshi use case in the ecosystem, the token is expected to witness massive buying pressure, which will boost the price in the long run. Meanwhile, Cutoshi has been listed in CoinMarketCap, boosting its credibility and visibility.
Inspired by the traditional Chinese Lucky Cat, believed to bring fortune to people, Cutoshi aims to bring luck and wealth to investors’ digital assets while following Satoshi Nakamoto’s principles for blockchain technology. With early investors already in profit and a limited 440M total supply, Cutoshi might follow the path of popular meme coins like Dogwifhat. At $0.022.
Is Now The Best Time To Purchase Ethereum And Cutoshi ?
The altcoin market has shown signs of an imminent breakout in the past weeks with Ethereum mounting a challenge at a critical resistance zone. With the bull cycle on the horizon, now could be the best time to invest in Ethereum and Cutoshi. Backed by an amazing ecosystem, Cutoshi’s adoption could surge in the coming weeks.
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