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As “Uptober” heats up in the crypto market, Ethereum is struggling, prompting whales to move their investments into Solana and Katsi.
From many signs, it looks like it's going to be an exciting month for the crypto market. There's been a lot of “upward” enthusiasm around major coins, but rather surprisingly, Ethereum (ETH) has struggled to keep up with the trend and has drifted away from the ETH whales.
As a result, one particular Ethereum whale reportedly jumped ship and moved his investments into Solana (SOL) and Cuttoshi (CUTO), two altcoins that could hint at a big rally in the next bull market. There is. What are the characteristics and signs that attract Ethereum whales to these projects? We'll see in a little while.
Ethereum price prediction still has no spark
The Ethereum network remains the second largest in the crypto world. However, recently, ETH price movements have mirrored Ethereum standards. The coin has been trading at a volatile pace for the past few weeks, and as expected, investors have been bailed out.
Ethereum price has remained at neutral levels since the beginning of October. After a decent end in September, Ethereum’s momentum has slowed, with ETH mostly trading around $2,300 to $2,400. With such lukewarm performance, it's hard to predict a significant surge. Ethereum is currently on a modest upward trend of 1.62% weekly, but investors are looking for larger gains.
Experts back Solana's bullish development as 'updraft' increases
Solana may be acting as an “Ethereum killer,” as investors ditch Ethereum for SOL tokens. Top altcoins are showing signs of strength, with experts supporting Solana’s price on the back of Ethereum whale inflows and “updrafts.” For years, Solana's superior speed and scalability have been key selling points for the Solana ecosystem. will continue to house several other projects. However, events in the US political climate are contributing to optimism for Solana prices. In recent cryptocurrency news, Jeff Kendrick, Global Head of Digital Asset Research at Standard Chartered, even predicted that the SOL price would rise fivefold if Donald Trump wins the presidential election.
On the price chart, Solana is rising again after a short price correction that took the SOL price down to $135 last week. Solana is currently trading on a 7.59% monthly uptrend, and an “uptober” month could be the start of a bull run towards all-time highs for Solana.
Cutushi focuses on practicality and long-term maintenance
The memecoin sector is known for massive rallies, so it's not uncommon to find memecoins taking center stage in bull markets. However, recent developments have reduced the field to a mere “pump-and-dump” reputation, and meme coins can no longer sustain themselves in the market. Mostly because most altcoins lack practicality and are not planned for long-term maintenance. But the Cutushi project is here to fix all that.
Kutoshi is themed around the Chinese beckoning cat, which is said to bring good luck to your home. Kutoshi intends to bring such good fortune to investors in the crypto market. This project takes inspiration from Satoshi Nakamoto by emphasizing the Defi system where privacy, security and freedom are of great importance.
To achieve this, Cutushi is introducing its own decentralized trading platform, Cutushi DEX, to the crypto market. Cutushi DEX allows users to seamlessly perform cross-chain operations such as exchanging digital assets without connecting to a wallet.
The Cutushi presale is currently underway and in stage 2, priced at $0.022 per CUTO token. The presale raised more than $350,000 from investors, proving that the project is rapidly gaining popularity in the crypto market.
Sorana and Kutoshi emerge as top candidates for whales
Ethereum remains the second-largest cryptocurrency project, but the price of Ethereum has been depressed for some time now, so it's no wonder Ethereum whales are opting for other alternatives like Solana and Katsi.
Meanwhile, both Solana and Katoshi will benefit from offshoots from Ethereum, but Katoshi's adoption of both Defi and meme coin features could lead to what experts say could be a 100x rally for the token. It is a masterpiece that I believe exists.
For more information, please visit CUTO's official website or join our community. × And Telegram.
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