Having struggled in the past few weeks with significant selloffs, Ethereum’s price is bouncing back, and data from Santiment shows an increase in Ethereum’s network activity. The recent resurgence has led to more accumulation of the token with the trading volume witnessing more growth, a signal that the market rally might not be over.
Meanwhile, Cutoshi presale has continued to witness more inflow as a result of its unique ecosystem, which is loaded with tools such as a non-custodial multichain wallet, which allows investors to control their assets on the platform easily without an intermediary. Let’s see why Cutoshi and Ethereum are investors favorites for Q4.
Cutoshi – a New Project Following the Core DeFi Principles
Cutoshi is a project on a mission to bring DeFi closer to the masses. Some analysts believe that Cutoshi’s unique ecosystem could make it a game changer in the DeFi space.
Cutoshi’s mission is to restore Satoshi Nakamoto’s original vision for blockchain technology, which is full decentralization, privacy, freedom, and anonymity. Combining these visions with the Chinese Lucky Cat, Cutoshi is building an ecosystem in which users are given decision-making powers and control.
One of the ecosystem’s popular tools is Cutoshi Swap, a unique decentralized exchange that brings blockchains closer and allows for seamless trading and asset swapping. There is also Cutoshi farming, which allows investors to stake their tokens or participate in quests and events and earn rewards. Users can gain insight about cryptocurrencies and DeFi at Cutoshi University.
Experts already see Cutoshi as a direct rival to Dogecoin and Shiba Inu and forecast a 20x rise in the coming weeks. At stage 1 of the presale, CUTO, the utility token is sold for just $0.015. With its deflationary mechanism, analysts back it for massive rallies in the future.
Ethereum Price Prediction – Expert Makes Bold ETH Prediction
Ethereum, the popular altcoin, is showing signs of a major uptrend with rising market activity. Ethereum CoinMarketCap data shows the MCAP has pushed from $300B earlier in the month to over $314B. However, the ongoing market rally could come to an abrupt end as the altcoins’ attempts at breaking through the $2700 mark have been unsuccessful in the past few days.
Even at that, Ethereum has continued to witness more whale accumulation. Recent data from Lookonchain shows how a smart whale with a 100% win rate in swing trading bought 10,083 ETH tokens worth $26.8M in the past few hours. While it could drive the market, another Ethereum news shows that the Ethereum Foundation has continued to sell more ETH tokens.
Although Ethereum has not shown much strength in the latest market rally, popular crypto analyst Mister Crypto believes that it will soon catch up. Meanwhile, Ethereum is trading above the 50-day SMA, with major market indicators showing bullish signs. Coincodex remains bullish, with an Ethereum price prediction of $2800 in the short term.
While ETH and CUTO Will Lead the Next Market Rally
After what seemed like a sell-off, Ethereum news of the past few days has been positive. From the rising network activity to the increasing whale activity, there are strong signs that the ETH price will boom soon. Also, Cutoshi has continued to gain attention from institutional investors, which could lead to more adoption and a massive price rally.
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