Cutoshi (CUTO) Could Steal the Show From Pepe Coin (PEPE) as Ethereum (ETH) Price Targets $2800

Pepe Coin and Ethereum price metrics are drawing increased attention as the cryptocurrency market braces for a potential altcoin surge.

Cryptocurrency enthusiasts are keeping a close eye on Pepe Coin and Ethereum price movements as the market anticipates a potential surge in altcoin prices. Recent price trends for PEPE and ETH suggest a possible bullish shift, leading to speculation of a significant upward rally.

Meanwhile, another meme coin, Cutoshi (CUTO), is emerging as a surprising contender with its unique DeFi functionalities. Experts now believe this new project could lead the rally for Ethereum coins this year.

Cutoshi, An Ethereum-Based Token Operating As Hybrid Exchange Protocol With High Potential

Cutoshi is a unique project that distinguishes itself from other meme coins with its utility and real-world use case. It adopts Satoshi Nakamoto’s core principles, including privacy, decentralization, and monetary freedom. These principles, topped with the cultural theme that the Chinese Lucky Cat inspires, making Cutoshi stand out from the rest of the hyped meme coins.

The project introduces an ecosystem backed with superior features, including the multi-chain DEX, allowing users to swap assets across multiple chains easily. Cutoshi Farming, on the other hand, allows the community a new way to earn by completing challenges and claiming rewards.

Cutoshi also features a deflationary mechanism that drives scarcity while boosting demand. At stage two of presale, The CUTO token is already selling at $0.022, representing a 46% ROI for early investors. With a solid foundation, experts believe that Cutoshi is set to rival the likes of Pepe, emulating Ethereum’s price performance with 100x gains already predicted.

Ethereum Price Prediction: Bulls Eyes $2800

Ethereum’s price has stabilized above $2600 after finding a critical support level on Tuesday. An increase in fees highlights greater network usage, and a record high in ETH staking in Q3 suggests that more holders are seeking yields. All these factors point to a potential Ethereum rally. According to Glassnode reports, the Ethereum coin has regained a substantial market share of fess among several fee-earning layer-1 blockchains.

After rebounding by 9% in August, it recovered by 40% in late September, suggesting greater blockchain usage of Ethereum’s network. Another optimistic sign is that the number of Ethereum staked hit a new all-time high in Q3 as more holders want to generate a yield from their positions. Experts believe the price of Ethereum has retreated and is shifting away from greed towards fear, preparing for the next rally.

Ethereum’s price has broken above its daily resistance level and successfully closed above its 50-day EMA. If the 50-day EMA continues to hold as support, The ETH token could extend its rally, retesting its August high of $2820. Its RSI indicator on the daily chart stands at 59, which is above the neutral level, reflecting a bullish momentum building up. However, if the piece closes below the daily support level of $2461, ETH could extend its decline by 13%.

Analysts Project 900% Rally For Pepe Coin?

A popular crypto expert shared his latest PEPE price prediction, indicating that the meme token could follow DOGE’s price rally. In his analysis, he highlighted that Pepe Coin had extended its consolidation phase and noted that Dogecoin’s price had begun its uptrend. He suggested that Dogecoin’s long consolidation phase has positioned the meme coin for a significant breakout.

The analyst believes that the PEPE token could also experience a similar trend. He further projected a 900% price surge for the meme token in the incoming bull market. Pepe’s on-chain activities highlight an increasing activity among key holders, hinting at a potential accumulation. Moreover, active addresses and whale transaction counts have increased, reflecting renewed interest in the token.

Pepe’s price highlights signs of stabilizing. The increase in whale transactions indicates that investors are moving their position for a potential upward trend. Despite the recent correction, a drop in supply held on exchanges reflects reducing selling pressures. Alongside a spike in whale activity, these metrics potentially support a future rally.

The above is the detailed content of Cutoshi (CUTO) Could Steal the Show From Pepe Coin (PEPE) as Ethereum (ETH) Price Targets $2800. For more information, please follow other related articles on the PHP Chinese website!