The post Top Crypto Experts Explain What Is Causing Surge In Prices For Ethereum, Floki And Cutoshi appeared first on Coinpedia Fintech News
2024 has seen many developments within the crypto market, including rapid expansion within the meme coin sector. These developments have led to a significant price surge in different cryptos, including Ethereum (ETH), Floki (FLOKI), and Cutoshi (CUTO), a new meme coin that has captured experts’ attention.
Cutoshi features real utility backed by DeFi tools, all infused with the playful vibe of the Chinese Lucky Cat. Let’s find out why top analysts believe these three cryptos are set for an impressive surge in 2024.
Cutoshi (CUTO), Taking The Market By Storm With Its Unique DeFi Features
Inspired by the Lucky Cat, Cutoshi tokenizes good fortune and brings it to the blockchain and its ever-growing community. It’s a token with rich utility, powering a complete decentralized ecosystem. Its clear roadmap, backed by a complete smart contract audit by SolidProof, puts it in a better position to emulate Ethereum and Floki’s success.
At its core, Cutoshi is a multi-chained decentralized exchange and swapping platform that allows users to swap assets across chains easily and in privacy. This has made trading easy and accessible, enabling everyone to participate in DeFi. Moreover, add-in features like token farming offer a new way for its community to earn rewards by completing quests.
In its early presale stage, CUTO is currently trading at just $0.015. Over $180K has already been raised in only 5 days and over 50% of stage 1 is sold out. Top analysts project a 100x growth potential.
Will Ethereum (ETH) Hit the $3,000 Mark In October
Ethereum price is trading around the $2,600 mark, with a weekly surge of over 4%. This sudden surge in Ethereum buying pressure is because of several reasons, including Bitcoin’s recent breach of its critical resistance level of $65,000 and the end of the bearish third quarter.
Interestingly, Ethereum’s bullish momentum is set to undergo a short-term correction despite increased activity. Based on Ethereum price action, investors should observe the September 23 swing high of around $2,700. If buyers fail to hold momentum within such a level, it could result in a swig failure pattern, followed by a shot correction period.
Such a development could see the ETH price revisit the $2,252 or $2,440 demand zone. This area will also be a key buy zone within the fourth quarter. Considering that October has historically yielded better gains, investors can buy the Ethereum dip and prepare for a significant upswing, which could see the price of the ETH token retest the $2,820 and $3,000 mark.
Floki (FLOKI) Prepares for An Explosive Growth
Unipcs, known in the crypto community as Bonk Guy, recently tweeted about Floki’s market resilience during the ongoing market shifts. He noted that the meme coin has been one of the strongest cryptos and expects a major rally in Floki’s price once the market conditions align.
Several catalysts seem to drive Floki’s price performance, including an upcoming launch of the token’s hyped metaverse game in November. Furthermore, the potential for increased burn rates from trading bot revenue is also vital.
Floki, which is trading around the $0.00017 mark, has seen a 29% surge over the past week. The upcoming GraFun launch, which will integrate Floki’s trading bots, might also fuel significant price gains.
Will Cutoshi’s Bullish Trend Outshine That of Ethereum and Floki?
Ethereum and Floki’s price performance clearly indicates the capabilities that unique cryptos hold within the market. Cutoshi, therefore, can record a similar trend owing to its unique features and built-in scarcity.
For more information on the Cutoshi (CUTO) Presale:
Website: https://cutoshi.com
Join and become a community member:
Twitter : https://twitter.com/CutoshiToken
Telegram: https://t.me/cutoshi