Ever since former President Donald Trump announced the upcoming World Liberty Financial Token, the crypto market has shown strong signs of an uptrend. Ethereum, the popular altcoin, has established support above $2,600, with key market indicators pointing towards a significant rally. Popular analysts are once again considering the potential, with some predicting that the ETH price will reach $3,000 in October.
Meanwhile, Cutoshi, the new DeFi project, reached a new milestone just weeks after the presale began. The recent announcement shows that the meme coin is now live on CoinMarketCap, increasing the visibility of the project. With the recent listing and growing popularity, some experts predict CUTO prices to rise by 200% in the coming weeks.
Cutoshi hits CoinMarketCap
Cutoshi’s recent listing in CoinMarketCap proved the team’s commitment to the project while expanding the project’s scope. This has raised expectations of a massive rebound in the coming weeks. During the current presale, the team has raised over $500,000, which could reach $1 million before the end of the month.
Driven by its mission of decentralization and financial freedom, Cutoshi has found its place on investors’ watch lists ahead of the upcoming bull season. Cutoshi is a project that follows the legendary Satoshi Nakamoto’s visions for blockchain technology which is decentralization, privacy and monetary freedom.
Combining these visions with the traditional Chinese lucky cat, believed to bring wealth and fortune to people, Cutoshi aims to bring luck, prosperity and wealth to investors’ digital assets. The Cutoshi ecosystem hosts robust tools and features to achieve its goals. One of them is a multi-chain DEX that allows easy exchange of assets, thereby solving security and privacy concerns.
There is also the Cutoshi farming protocol which rewards users for completing quests and an educational platform where users can learn about DeFi and the crypto market. In the second stage of the presale, CUTO, the utility token is sold for just $0.022. Given the limited supply and strong use case in the ecosystem, experts believe it will hit $1 within a few weeks of hitting the exchanges.
Ethereum Set to See Uptrend After Breaking Crucial Resistance Zone
Ethereum price could extend the ongoing rally, after breaking above the main resistance zone of $2,600. The CoinMarketCap Ethereum price chart shows that the altcoin has gained 6% over the past 7 days, with the market cap hovering around $314 billion. However, the market outlook is bearish, which could trigger a short-term correction.
Crypto trader Justin Bennett, in an analysis on X, believes that Ethereum could form a diamond reversal pattern. The analyst believes that if Ethereum price closes below the support zone, it could fall further to $2,485 before resuming its rally. Having already failed a series of attempts to break above the key resistance trendline of $6,500, the prediction could materialize.
A closer look at the Ethereum chart in Tradingview shows that it is trading above the 50-day EMA but below the 200-day EMA. The daily RSI shows that Ethereum is approaching the overbought zone, signaling an impending market correction. As Ethereum continues to trade sideways, Ambcrypto is bullish, predicting an Ethereum price of $3,153 before the end of 2024.
Why Market Experts Choose Cutoshi Before Ethereum
Market research shows that significant gains are made from the start of investments in promising projects. As Ethereum struggles with declines and massive dumping over the past few weeks, the chances of a massive rally are slim. However, Cutoshi is already crossing the line, with the recent listing intended to further boost its adoption. As such, a 50x rally is on the horizon.
For more information on the Cutoshi (CUTO) presale:
Join and become a member of the community:
The subject matter and content of this article are those of the author alone. FinanceFeeds assumes no legal responsibility for the content of this article and it does not reflect the views of FinanceFeeds or its editorial staff.
The information contained on this page does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation or individual needs. We strongly recommend that you seek independent professional advice or conduct your own independent research before acting on any information contained herein.
