Ethereum (ETH) Mimics Bitcoin (BTC) as It Primed to Reclaim $3k, But BONK and Newcomer Cutoshi Steal the Show

With Bitcoin crossing $70,000, Ethereum (ETH) appears ready to follow suit as bullish signals appear on the chart. However, many Ethereum holders are diversifying into other niches of the crypto market as the meme coin market prepares for a major comeback.

As Bitcoin (BTC) makes another attempt to cross the $70,000 mark, Ethereum (ETH) is also showing signs of a strong breakout. A bullish chart pattern is forming for ETH, indicating a potential new all-time high (ATH) in the upcoming cycle.

Meanwhile, many Ethereum holders are diversifying into other niches of the crypto market. As the meme coin market prepares for a major comeback, several tokens are experiencing a surge in interest.

In this piece, we take a closer look at three coins on the ETH chain that are poised to explode.

Ethereum (ETH)

Throughout 2024, Ethereum (ETH) has faced significant selling pressure, largely due to the US presidential elections and the SEC’s ongoing investigation into the cryptocurrency.

However, there is finally a light at the end of the tunnel for ETH. In October, the cryptocurrency managed to reclaim several key levels, surging above $2,700. Following a pullback, Ethereum now trades at $2,630, showing a 4.1% intraday increase.

A 61% surge in volume puts Ethereum at $21.3 billion traded in the last 24 hours. This strong volume is a clear indication of the buying pressure building up for ETH.

Trump Victory Impacting Market

The rising odds of a Trump victory in the US presidential elections are also having a positive impact on Ethereum and the overall market.

The former president has been vocal about his support of crypto, which is evident in the “Making America Great Again (MAGA)” coin that was released earlier this year.

Additionally, the Ethereum chart has been forming a bullish multi-year ascending triangle pattern. Once this pattern is completed, a new ATH for Ethereum could be on the cards as the cycle progresses.

Bonk (BONK)

Bonk (BONK) has experienced significant turbulence over the past few months, but it seems to have shifted gears as the lows are getting higher.

When zooming out on the chart, Bonk’s price structure appears intact despite the recent slump, and on the macro level, the ascending trendline remains unbroken.

At press time, Bonk is priced at $0.000021 with a 4.2% daily increase. This surge in the Bonk price comes after a listing on Upbit, South Korea’s largest exchange.

Moreover, in the last month, Bonk made news as it partnered with Osprey Funds to launch the first BONK ETP (exchange-traded product), allowing institutional investors to easily and securely gain Bonk exposure.

Cutoshi (CUTO)

Cutoshi (CUTO) is a meme coin that combines the energy of memes with cutting-edge DeFi technology.

The project is inspired by the Lucky Cat of Chinese folklore, which is believed to bring good fortune to businesses and households. Cutoshi digitizes this good fortune and brings it to its rapidly growing community in the form of lucrative rewards and prizes.

The flagship feature of Cutoshi is the CUTO Dex, a cross-chain exchange that enables nearly instantaneous swaps across a multitude of blockchains, all with fees of just 0.25%.

Cutoshi encourages engagement through various quests and tasks designed to boost Cutoshi’s online presence.

Users can track their performance on a leaderboard, which further gamifies the experience. For their loyalty, they will receive Cutopoints, which can then be redeemed for the native $CUTO token.

Additionally, users can stake $CUTO and earn passive income, while regular burns ensure a sustained price increase.

Cutoshi is currently in Stage 2 of its presale, with tokens being sold for just $0.022.

However, the price won’t stay this low for much longer, as a series of surges are expected for the duration of the presale.

With the resurgence of meme coins and Ethereum’s comeback, Cutoshi is set to hit the markets at the best possible time.

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