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After a slow start to October, Ethereum is back on the bullish trend, with Ethereum ETF inflow surging in the past day. According to Lookonchain data, Ether ETFs witnessed a positive 660% inflow ($1.74M) as whales resumed accumulating the popular altcoin. Notable analysts project massive rallies in the coming weeks.
Following the bullish momentum are Ethereum-based meme coins such as Floki and Cutoshi. While Floki has broken crucial resistance trendlines, the Cutoshi ongoing presale has continued witnessing massive adoption. So far, over $500K has been raised with early buyers already in profits.
Cutoshi – A New Ethereum Meme Coin Tipped For 40x Before December
Cutoshi is a project inspired by the traditional Chinese Lucky Cat and legendary Bitcoin founder Satoshi Nakamoto's teachings. In the past, people placed the Lucky Cat in their homes to harness its lucky powers. Cutoshi aims to bring the Lucky Cat to the blockchain.
At the same time, Cutoshi is a project that embodies Satoshi Nakamoto's original visions for blockchain technology which are decentralization, privacy, and monetary freedom. Cutoshi is developing a community-driven ecosystem where investors have decision-making powers and control over their assets.
Driving this agenda is the Cutoshi multi-chain DEX, a top tool in the ecosystem. This non-custodial exchange is designed to bring blockchains together and allow for easy swapping of assets, solving privacy and security issues. Another tool is Cutoshi farming, which rewards the community with CUTO tokens for participating in quests.
Meanwhile, users can enroll in the Cutoshi university and gain education on DeFi and cryptocurrency in general. Given these robust use cases, the Cutoshi presale has been making waves, with early investors already profiting. At the ongoing stage 2 presale, CUTO is sold for $0.022 with a 440M limited total supply. Given the deflationary mechanism, analysts project 40x rallies before the end of 2024.
Ethereum ETF Inflow Surges As Analysts Project Massive Rallies
Ethereum ETF inflows have surged in the past day to signal massive interest in the popular altcoin. Data from the on-chain market tracker Lookonchain shows how smart whales are accumulating Ethereum crypto ahead of the market rally. CoinMarketCap data shows that Ethereurm's price has surged by 7% in the past week as it moves to break the $6500 major resistance trendline.
At the same time, the Ethereum trading volume has rallied by 31% in the past day to hit the $19.1B mark. Popular crypto analyst Ali Chart, in an analysis on X, thinks that if Ethereum can bounce from the current lower boundary mark, it could hit the $3600 mark in the coming months. Ali used the previous historical Ethereum price pattern in the analysis.
Source: Ali Chart on X
Meanwhile, the technical analysis looks pretty good. The Ethereum market sentiment is bullish, with 19 technical indicators signaling bullish signals. A further look at the Tradingview stats shows that Ethereum has flipped the 50-day SMA but is still below the 200-day SMA. Ethereum needs to break out of the $2700 resistance to confirm the bullish season.
Floki Price Analysis – Popular Crypto Analyst Project A Massive Uptrend
As the crypto market bounces back, Floki is one of the meme coins to watch out for in the coming weeks. Market data from CoinMarketCap shows that the Floki token has gained 20% and 10% in the past month and week, respectively. A study of the Floki chart in Tradingviewshows the meme coin has flipped the crucial $0.0001404 resistance trendline.
However, the major challenge lies in Floki breaking the $0.00017 mark. The technical analysis shows that the meme coin is trading above the 50-day and 200-day SMA in the 4-hour time frame. However, the RSI in the 4-hour timeframe shows the meme coin is approaching the overbought zone, signaling trouble ahead.
According to WorldOfCharts, a crypto analyst, Floki is witnessing another consolidation. The analyst believes a breakout above $0.000165 could trigger another rally, with the analyst anticipating a 200% rally after the breakout. Following the bullish projection are Coincodexexperts, who forecast the Floki price to hit $0.000469 in the short term.
Source: WorldOfCharts on X
Floki vs Ethereum vs Cutoshi – Is Now The Best Time To Buy These Coins?
While Floki and Ethereum are showing signs of massive rallies, their rally is hugely tied to Bitcoin breaking a crucial resistance zone. If Bitcoin is able to flip the $67K key resistance zone, Floki and Ethereum will hit new highs. As for Cutoshi, it is already making waves in presale. With the robust ecosystem, CUTO can easily experience 50x before the end of presale.
For more information on the Cutoshi (CUTO) Presale:
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https://twitter.com/CutoshiToken
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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