After finding a strong and stable mark above $2,600, The Price of Ethereum (ETH) seems to be capable of crossing over the $3,000 milestone really soon. This is bound to happen faster as altcoin projects on Ethereum network have seen immense growth over the past few months.
Two altcoins on Ethereum network with outstanding performances that may spearhead an Ethereum price rally are Shiba Inu (SHIB) and Cutoshi (CUTO). The latter being a new MemeFi altcoin set to deliver exponential gains, with potential to surpass that of Solana meme coins in their prime.
Cutoshi Gains Widespread Attention As Ethereum’s Next 100x Meme Coin
The difference between Cutoshi (CUTO) and other top meme coins in the market is clear, especially considering its fully decentralized community-based hybrid ecosystem which regular meme coins rarely develop. In Cutoshi’s ecosystem, users get to explore DeFi tools, including a decentralized exchange (DEX) platform that allows users to swap cryptocurrencies across multiple chains.
Meanwhile, this innovative approach isn’t far-fetched considering that Cutoshi adopts Satoshi Nakamoto’s core principles, which are decentralization, monetary power, and privacy. Cutoshi further integrates a farming mechanism that allows participants to earn token rewards alongside complementary NFTs and merch. These, coupled with a DeFi learning hub to spread DeFi knowledge, set the project apart.
Whilst Cutoshi’s tokenomics is another interesting aspect, the native token, $CUTO, has a buyback and burn mechanism that stabilizes its value in the long term. By burning its supply, $CUTO token is bound to surge in value due to heightened scarcity and demand. At the moment, $CUTO sells for $0.22 after securing a 46% ROI for early investors who bought the token in its first presale stage at $0.015.
Ethereum Price Consolidates But Sights Bullish Recovery Above $3,000
Since the past week, Ethereum (ETH) price has risen by over 9%. This jump was very significant for Ethereum as it marked the token’s second recovery above the crucial $2,600 price mark in the past month as seen in the chart below.
Notably, Ethereum price initially jumped from levels around $2,300 to $2.600 in the last week of September but was subsequently hit by a noticeable decline. After consolidating below the $2,400 price level for a while, dipping as low as $2,300, ETH token commenced another recovery journey to trade above the $2,600 again.
However, now that Ethereum has completed over 14% month-long rise, experts predict a $3,000 milestone for Ethereum token very soon as activity on its network surges. This claim is further backed by Ethereum’s technical analysis, including 20, and 50-day moving averages which points at a strong buy signal.
Shiba Inu Token’s Impressive Monthly Gain And Network Development Sets A Positive Momentum
Shiba Inu (SHIB) has sparked renewed interest in its network after surging by 42%, reaching a weekly price range of $0.0000170 to $0.0000190. Meanwhile, this spike comes amid a new resurgence of interest in meme coins, fueled by a significant boost in trading activity, with Shiba Inu’s network activity jumping by nearly 20% above $504 million.
With a progressive uptrend as observed in its monthly chart above, Shiba Inu price is now eyeing a potential breakout to retest its 7-months ATH, where it reached a peak price of $0.0000335.
This growth in Shiba Inu price is also fueled by the growth of its layer-2 scaling solution— Shibarium. This, combined with the rising positive sentiment in altcoins, might further fuel Shiba Inu’s upward trajectory this Q4.
Can Cutoshi (CUTO) Get To $1 Before Shiba Inu (SHIB)?
Whilst it’s nearly impossible to tell which of these meme coins will reach $1 first, it is evident that cutoshi has potential to achieve this feat. With a very robust DeFi oriented network and fresh growth potential in both the meme coin and DeFi markets, Cutoshi can reach $1 before Shiba Inu.
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
