The crypto bull market is in full swing and traders are excited to see where it can go next. Experts are looking at Bitcoin’s potential, as it hovers just below $100k. At the same time, altcoins are showing strong performance, including Pepe and a new ETH-based token, Cutoshi.
Bitcoin Poised For Big Gains After Breaking $100k
For several weeks, Bitcoin (BTC) has hovered near the $100k mark, but it’s not there yet. Now, some analysts are becoming more cautious and reassessing their predictions. However, most agree that once Bitcoin breaks $100k, big gains are imminent.
Source: CMC
Currently trading at $95,843, Bitcoin registered a 40% increase in the last month. It reached its all-time high of $97,430, just short of the key $100k level. The resistance at this level is mostly psychological, says Peter Eberle, CIO at Castle Funds.
Still, when Bitcoin overcomes the $100k resistance, it has the potential to shoot up dramatically. Eberle believes even $10k gains in a single day are a real possibility. Where Bitcoin will go from there, it’s hard to predict. However, it is clear that big gains in a short time period are possible.
If Bitcoin remains below $100k for an extended period, it will be a silver lining for altcoins. Analysts at QCP Capital believe that the longer this takes, the more capital will go to altcoins. This is great news for these assets, especially those with a smaller market cap.
Pepe Slows Down After ATH
Pepe was one of the standout performers among memecoins in this cycle. In November, this meme coin reached its all-time high and is currently up 140.58% in the last 30 days at $0.00001976.
The major catalyst for Pepe was its listing on major exchanges. In November, both Coinbase and Robinhood listed the token, causing a major surge to ATH levels. However, since then, the token has been corrected and its outlook is currently mixed.
Source: CMC
Technical indicators and expert predictions are mixed for Pepe. Currently, moving averages still lean bullish, especially long-term indicators, a result of Pepe’s recent strong performance. However, the oscillators are neutral, with negative momentum indicators. This suggests that Pepe may be slowing down, leading traders to explore other opportunities.
Cutoshi Benefits From Altcoin Boom
With Bitcoin struggling below $100k and Pepe slowing down, traders are rotating their assets into small-cap tokens. Notably, Ethereum-based Cutoshi (CUTO), recently secured $1.2 million in presale investments. This memeFi project managed to trend thanks to its deep focus on utility.
Cutoshi is a meme token, featuring the Chinese Lucky Cat, a symbol known worldwide. At the same time, the token takes its name and inspiration from Satoshi, the legendary creator of Bitcoin. As such, Cutoshi is building a DeFi ecosystem with decentralization and digital freedom as its core values.
Cutoshi’s is launching a multichain DEX to make trading easier and more accessible than ever, with low fees and cross-chain support. It will also offer a learning platform to its users, helping educate new traders on all there is to know about DeFi.
Satoshi built Bitcoin to help free people from central banks and large financial monopolies. Now, centralized crypto exchanges are dominating crypto. This is why Cutoshi wants to build a decentralized alternative that will appeal to retail users. Its blend of memes and DeFi might just work.
For more information on the Cutoshi (CUTO) Presale:
https://cutoshi.com/
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
