Making the most of the cryptocurrency market requires a combination of strategic planning, detailed analysis, and awareness. Some experienced traders have done their homework and identified Ethereum (ETH), Cutoshi (CUTO), and Dogwifat (WIF) as the top contenders for the biggest gains in the crypto market this cycle.
ETH Price: The battle between bulls and bears
After making a positive impression for several weeks, the ETH coin is currently experiencing a correction as the ETH price is losing most of its previous gains amidst the downturn. However, the relative strength index is balanced at a neutral 46.6, according to TradingView, and it looks like a serious battle between bears and bulls.
Source: CoinMarketCap
Interestingly, even though Ethereum (ETH) is currently down 19.40% on 24-hour volume, suggesting a decline in investor interest, Ethereum price is still hovering in the green zone. Ethereum (ETH) is currently trading with an increase of just 1.75% on a monthly trend.
However, there is a growing view that if Ethereum (ETH) can surpass its monthly high of $2,765, it could reach $2,900, giving the appearance of psychological warfare. Otherwise, the bears will push the ETH price below the monthly low of $2,311.
Lucky cat effect: Kutoshi is captivating the crypto market
Cutushi (CUTO) has become a hot topic in the cryptocurrency market. Meme coins blend the fun of memes with the utility of Defi, giving them a psychological edge over typical meme and Defi coins. There's no credit for guessing how much attention the hybrid project is garnering in the ongoing presale.
The project takes meme inspiration from the Chinese beckoning cat and expands on Satoshi Nakamoto's ideals of community promotion and economic freedom. Cutushi is focused on bringing prosperity and enjoyment to the masses through innovative products.
Using Cutushi's multi-chain DEX, the project provides users with a borderless platform that allows them to exchange and manage digital assets across different chains without the need for a third party with the security of the Ethereum network.
The Cutushi (CUTO) ecosystem also has a community where members can learn and earn. Community members can explore Cutushi Academy to learn about the Defi system and cryptocurrencies. Members can also earn additional CUTO tokens when they complete tasks using the farming mechanism.
CUTO's pre-sale is quickly selling out as more investors compete to fund the project. CUTO is currently valued at $0.022 in Stage 2, which could be an all-time low considering its huge potential.
WIF coin is caught between monthly profit and weekly loss
Both bulls and bears are holding Dogwifat (WIF), depending on what time frame you look at. WIF Coin is up a significant 43.10% on the monthly chart, while Dogwifat price is down 14.10% on the weekly chart. Well, Dogwifhat price prediction is based on psychological factors.
Source: CoinMarketCap
Dogwifhat (WIF) has a recent history that could tilt recency bias in its favor. After entering the market at $0.1742 earlier this year, Dogwifat's price grew astronomically to peak at $4.85 in March, recouping an ROI of over 2,500% in three months.
Although WIF coin is currently sitting a little further away than its ATH, bulls could aim for a rebound that would bring Dogwifat (WIF) within touching distance of its ATH. As such, Meme Coin’s current 24-hour volume of 26.71% suggests that WIF Coin investors are holding and expecting a pump up.
The delicate balance of investor psychology
There are many psychological factors at play in the crypto market right now as investors are torn between different options. While Ethereum is perfectly balanced between bulls and bears, Cutushi’s lucky charm is attracting investors and its usefulness could drive the price of CUTO token higher. Dogwifat bulls are hoping for a resurgence that will bring WIF price closer to ATH.
For more information on the CUTO presale, please see below.
https://cutshi.com
Join our community and become a member:
https://t.me/cutshi
