Over the past month, Ethereum’s price has shown resilience, spiking intermittently due to institutional adoption, Layer 2 innovation, and developments in the DeFi sector. Analysts predict that Ethereum could reach the $3,000 level by the end of the fourth quarter. Shiba Inu’s burn rate also recorded a significant increase of over 14,575%, with 279 million SHIB tokens removed from circulation, boosting SHIB’s price performance, which is already recording over 34% monthly appreciation.
Meanwhile, Cutushi continues to attract investors with its unique features. This Ethereum-based utility token has already generated significant profits, with early investors enjoying a 46% ROI. This meme coin also aims to emulate the price performance of Shiba Inu and Ethereum, making 100x price predictions before listing on major exchanges.
Cutushi (CUTO): An Ethereum-based utility token that shakes up the market.
While most meme coins rely solely on hype, Cutushi combines this functionality with practicality. Introducing a full-fledged ecosystem with multi-chain DEX and swapping mechanisms, allowing users to easily trade between different blockchains. Users also become sole custodians of their assets, simplifying the trading process while saving time and money.
To demonstrate its commitment to the community, Cutushi has a community-driven reward mechanism that keeps users engaged and motivated. Cutushi Farm offers community members a new way to earn free CUTO tokens by completing quests, tasks, and more.
Similarly, Cutushi Academy helps fill the knowledge gap about cryptocurrencies and bring DeFi to the masses. Currently, CUTO is trading at $0.022 in the second stage of presale. With the token buy and write mechanism and CoinMarketCap listing, the demand for the token has increased dramatically.
Will Ethereum (ETH) reach the $3,000 level by the end of Q4?
Ethereum’s robust ecosystem, including DeFi projects, NFTs, and smart contract capabilities, continues to drive investor interest. Additionally, upcoming Ethereum network upgrades aimed at improving security, scalability, and efficiency further strengthen the view that Ethereum (ETH) is poised for a major rally.
Source: Into the Block
Ethereum whales were also accumulating SHIB tokens, causing mixed signals as the token soared above $2,600 despite a notable increase in forex inflows. According to data from IntoTheBlock, the inflow of large Ethereum holders has nearly doubled in the past week, with a net inflow of 97,220 ETH on October 15th, approximately 254 million ETH at current prices. Estimated to be $.
With these developments, analysts predict that Ethereum’s price could reach the $3,000 level by December 2024, which would represent a 15% increase from current price levels. With the continued growth of decentralized finance and the continued development of the Ethereum ecosystem, we expect the price of ETH to rise further in the coming months.
Shiba Inu burn rate skyrockets: Can SHIB retest previous ATH?
Shiba Inu remains a powerhouse in the meme coin market, with a market capitalization of over $11 billion. But the big question is whether the next bull market will bring it back to $20 billion or more.
Currently, the burn rate of SHIB tokens has recorded an alarming spike, with over 279 million tokens removed from circulation in the past few days, attracting attention. This significant increase in burn rate has caught the attention of investors, with over 277 million tokens burned in a single address, increasing optimism about the potential of meme coins.
Source: CoinMarketCap
This frenzy comes at a critical time, coinciding with a broad recovery in the market and a rise in top meme tokens. The removal of SHIB tokens from circulation is generally viewed positively by the market, as it reduces the overall supply and potentially pushes up the price of Shiba Inu, signaling a price increase. Additionally, technical indicators for the SHIB token seem to support a bullish trend that could see the token retest its previous all-time high of $0.000086.
Will Cutushi match the price performance of Ethereum and Shiba Inu?
Ethereum and Shiba Inu showed strong resilience within the market. Buoyed by recent developments and burn rates, these two cryptocurrencies are on track to record impressive gains by the end of the year. However, Cutushi also holds an edge with its DeFi features and powerful utility. This makes it a unique meme coin with the potential to record significant price performance in the coming months.
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
