After finding a strong and stable mark above $2,600, it looks like Ethereum price (ETH) could soon cross the $3,000 milestone. This is bound to happen sooner, as altcoin projects on the Ethereum network have seen significant growth over the past few months.
Two altcoins on the Ethereum network with strong performance that could spearhead the Ethereum price rally are Shiba Inu (SHIB) and Kutoshi (cut). The latter is a new MemeFi altcoin with exponential returns that could surpass even the Solana meme coin at its peak.
Cutushi garners widespread attention as the next 100x meme coin after Ethereum
The differences between Cutushi (CUTO) and other top meme coins on the market are clear, especially considering the fully decentralized and community-based hybrid ecosystem that regular meme coins rarely develop. Cutushi's ecosystem allows users to explore DeFi tools, including a decentralized exchange (DEX) platform that allows the exchange of cryptocurrencies across multiple chains.
On the other hand, this innovative approach is not far-fetched given that Kutoshi embraces Satoshi Nakamoto's core principles of decentralization, financial power, and privacy. Cutushi will further integrate a farming mechanism that will allow participants to earn token rewards along with complementary NFTs and goods. These, coupled with a DeFi learning hub to spread DeFi knowledge, make the project stand out.
Cutushi’s tokenomics is another interesting aspect, the native token $CUTO has a buyback and write mechanism that stabilizes its value over time. By burning the supply, the value of the $CUTO token is bound to soar due to scarcity and increasing demand. Currently, $CUTO is 46% ROI For early investors who purchased tokens at $0.015 during the initial pre-sale stage.
Ethereum price is steady, but bullish recovery expected above $3,000
Since last week, Ethereum (ETH) price It rose more than 9%. As seen in the chart below, this rally was very significant for Ethereum, marking the token's second rally above the key price mark of $2,600 in the last month.
Source: CoinMarketCap
Notably, Ethereum's price initially soared from around $2,300 levels to $2.600 in the last week of September, but then suffered a notable decline. After falling below the $2,400 price level for some time and dropping to $2,300, the ETH token began another recovery journey to trade above $2,600 once again.
However, Ethereum has completed a month-on-month rally of more than 14%, and with a surge in activity on the network, experts predict that the Ethereum token will soon reach a milestone of $3,000. This claim is further supported by technical analysis of Ethereum, including the 20-day and 50-day moving averages, which show strong buy signals.
Shiba Inu Token’s incredible monthly revenue and network development creates positive momentum
Shiba Inu (SHIB) surges 42%, sparking new interest in its network, weekly price range $0.0000170 to $0.0000190. Meanwhile, the spike comes amid a renewed resurgence of interest in meme coins, driven by a significant increase in trading activity, with Shiba Inu network activity surging nearly 20% to over $504 million.
Source: CoinMarketCap
As observed in the monthly chart above, with a gradual uptrend, Shiba Inu price is now eyeing a breakout that could retest the 7-month ATH which has reached a peak price of $0.0000335 I'm doing it.
This Shiba Inu price increase is also driven by the growth of Shibarium, a layer 2 scaling solution. This, coupled with the growing positive sentiment for altcoins, could further accelerate Shiba Inu’s upward trajectory this fourth quarter.
Can Kutoshi (CUTO) reach $1 before Shiba Inu (SHIB)?
It is nearly impossible to predict which of these meme coins will reach $1 first, but it is clear that cutoshi has the potential to achieve this feat. With a very robust DeFi-oriented network and new growth potential in both the memecoin and DeFi markets, Cutushi could reach $1 before Shiba Inu.
For more information on the CUTO presale, please see below.
https://cutshi.com/
Join our community and become a member:
https://twitter.com/CutushiToken
https://t.me/cutshi
