Ethereum (ETH) has been highly volatile, struggling to trade close to its ATH of $4,891. However, the price of ETH has just moved above the $2,500 mark, signaling an impending uptrend turnaround. Cutoshi, on the other hand, continues to record impressive performances in just stage two of its presale.
The Ethereum-based token has already provided over 46% ROI to early investors, resulting from the project’s unique features. Moreover, its recent CMC listing is set to drive Cutoshi’s price even higher in Q4.
Cutoshi: The Hybrid MemeFi Project Set To Change Ethereum Bearish Momentum In Q4
Cutoshi introduces a fully decentralized community-based hybrid ecosystem that seems to have drawn massive interest in its presale. With Cutoshi, users can easily explore DeFi functionalities, including the project’s multi-chain DEX, which enables easy asset swapping across multiple blockchains.
This innovative approach mirrors Bitcoin founder Satoshi Nakamoto’s core principles of privacy, monetary freedom, and decentralization, creating a unique ecosystem in which users make the decisions.
Moreover, the project further integrates a farming protocol, allowing users to enjoy a new way of earning by completing quests. To add more vibrance to its community, it also features the Cutoshi NFTs and Merch.
These features, coupled with the Cutoshi Academy, which aims to bridge the knowledge gap in DeFi and crypto, set the project apart from most hyped meme coins. Currently trading at $0.022, the CUTO token is set to record an impressive presale price performance, backed by its built-in scarcity.
Is An Ethereum Price Breakout Imminent?
The Ethereum price has struggled over the past few months, moving within a narrow channel of around $2,500 and $2,600. Intense selling pressure has met any attempt by the ETH token to surge past $2,700. However, a clear outlook at the Ethereum price suggests an impending breakout is on the horizon.
Source: TradingView
Ethereum’s technical indicators suggest the token is still trading near a turnover zone. Moreover, the Ethereum RSI is at 47, suggesting that despite its weak performance, the ETH token price is still neutral. If Ethereum’s price performance manages to close above the $2,700 mark in the coming days, it could trigger a breakout rally toward the $3,000 mark.
Despite this recent Ethereum price struggle, the token has a YTD of over 41%, with the 24-hour trading volume recording over 30% surge. Moreover, Vitalik Buterin, who recently considered the decentralized future of ETH with “The Verge,” proposes reducing the gas cost of opcodes in Ethereum Virtual Machine (EVM), making transactions within the crypto network more affordable for users. This move could help Ethereum regain an upward trajectory, targeting the $10,000 mark in the coming months.
Will Cutoshi Change ETH’s Dipping Trend?
With increasing investor interest during its presale, Cutoshi continues to build surging momentum. This diverse meme coin appeal could also trigger significant adoption, fostering a surging potential that might tilt the momentum in favor of Ethereum’s price performance.
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