Many investors continue to watch the crypto market closely as excitement builds around the HBO documentary that aims to reveal the real identity of Bitcoin founder Satoshi Nakamoto. If the claims hold water, it might alter the political narrative and the crypto market in general, as the price of Bitcoin (BTC) remains steady at around $60k.
Meanwhile, Ethereum’s price has recorded a weekly dip of over 10%, as investors are keenly migrating to Cutoshi (CUTO), a new DeFi project causing havoc within the meme coin market. The project’s unique multi-chain DEX exchange has been rated highly in the market as experts project a massive growth potential of up to 100x.
Cutoshi, An Ethereum-Based utility Token Causing Havoc Across The Market
With the latest market turbulence, investors seem to be shifting to a unique yet upcoming project with great potential. Cutoshi’s project embodies the unique values of decentralization, monetary freedom, and privacy, emulating Satoshi’s vision for blockchain technology.
Infusing these ideals and the spirit of the Chinese Lucky Cat, Cutoshi will create a community-driven ecosystem where decision-making power and control lie in the hands of its users. Moreover, Cutoshi’s features, such as the Cutoshi DEX, will ensure assets can be easily swapped across chains, saving users time and money.
Another notable feature is Cutoshi farming, which will offer its community a new way of earning through completing quests. Cutoshi’s built-in utilities and scarcity are set to push the CUTO price even further, driving immense demand for the token. Currently, it is trading at just $0.015, allowing early investors to buy into its low entry price and enjoy great returns.
Bitcoin Price Prediction, Peter Schiff Warns of BTC Bear Market
Peter Schiff, a well-known Bitcoin critic, has once again raised the alarm, claiming that the BTC token is in a bear market. Schiff notes that Bitcoin’s price performance has underperformed significantly compared to gold.
Schiff has also sent Bitcoin holders a direct message suggesting that its ongoing difficulties might indicate that investors are failing to acknowledge the reality of the market. He contends that despite Bitcoin price holding above its crucial support level of $60,000, it’s only a temporary state of affairs.
Some pivotal Bitcoin points to watch out for include the $59,000 below and $64,000 above. If Bitcoin fails to break below $59,000, it might enter bearish territory, with a rise above $64,000 rekindling optimism for a major rebound.
Ethereum Price Prediction: Will ETH Buying Opportunity Propel It to $3,500
Ethereum price has already shed over 10% within the past week to trade around the 2,377 mark. This dipping trend has knocked Ethereum down to a key support region that might trigger a possible reversal. From a technical standpoint, the bearish has pushed ETH price into the $2,440 and $2,252 demand zone, which is also the current support structure.
If Ethereum manages to record a daily candlestick close above the demand zone’s midpoint of $2,340, it will denote a significant adoption of selling pressure into the limit buy orders. However, if the Ethereum price fails to hold its demand zone’s lower limit of $2,252, it will signal a greater selling pressure than the limit buy orders, which could knock down the ETH price to its next level of $2,000.
Supporting the Ethereum buy signal is its recent uptick within the ETH Network Growth since September 21. Its daily active addresses have also surged from 350K to 520K over the past week, signalling the coin’s potential to recover and target the $3,500 mark in the coming months.
Is Cutoshi A Worthy Investment In October?
What seems like a positive start for October is already changing as Bitcoin and Ethereum’s prices struggle to take the lead. However, Cutoshi offers a better alternative, with the project gaining attention as experts estimate a significant rise before the end of the year.
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