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A lot of analysts are anticipating significant price surges across different assets this winter. Among the altcoins that top analysts are bullish on are Ethereum, Dogecoin, and Cutoshi. Despite being a new player in the crypto scene, Cutoshi is hollding a lot of investors’ attention as a result of its utility-driven nature.
Cutoshi (CUTO): The Hottest Ethereum-Based Memecoin
Cutoshi is a unique memecoin that aims to encourage investors to participate more in the DeFi world. The Cutoshi ecosystem achieves this by taking advantage of both memes and valuable utilities that also present an opportunity for users to earn. Moreover, one of these utilities is the Cutoshi farming which rewards users for taking part in simple activities.
This is an amazing way to earn just by completing quests and collecting points while being active in the Cutoshi community. In addition to that, the Cutoshi ecosystem also rewards users complimentarily by distributing unique NFTs to those who purchase the CUTO token early. This is one of the benefits of joining the Cutoshi presale now, during the early stage.
The earlier users join the Cutoshi army and earn rewards, the bigger their rewards will be over time as they accumulate them in contrast to those who join late. Moreover, winners of Cutoshi challenges also receive unique NFTs. This creates a fun environment in addition to the earning potential. Just for a starting presale price of only $0.015 per token, investors can join the army.
Ethereum Price Sees Correction
After almost a month since dropping from the $2,700 zone, the Ethereum price finally climbed back to this zone in the 4th week of September. Moreover, the Ethereum price chart reveals that the altcoin saw a notable increase of over 13% within the past week.
This percentage increase was marked by a bullish move from the $2,300 support to the $2,680 resistance zone. On getting to this resistance zone, Ethereum bulls were faced with rejection which resulted in a correction in the altcoin’s price which has now dipped below the $2,650 mark.
Meanwhile, the Ethereum price chart reveals that if bullish momentum persists, the price of Ethereum could hit the $3,000 mark if it can successfully break through the immediate resistance of around $2,680. Furthermore, the price of Ethereum was able to climb above the 20SMA and 50SMA, indicating bullish momentum.
Dogecoin Price Records Weekly Gain
Dogecoin, which is currently the biggest memecoin by market capitalization, saw a notable price increase in the past week. The Dogecoin price rallied by over 8%, climbing from $0.1 to $0.109 within the same period.
Meanwhile, one of the factors that could affect the rate of price increase of the Dogecoin token is the excessively capped token supply which stands at over 146 billion. While this is a huge figure, the Dogecoin token has been able to secure its place as the 8th biggest cryptocurrency by market capitalization.
However, a new entry in the memecoin space namely Cutoshi offers a capped token supply of only 440 million. This limited token supply is aimed at increasing scarcity as demand for the token rises which will then result in a significant price increase in the long term. While Dogecoin is still predicted to surge in value, Cutoshi has the potential to surge more.
Analysts Optimistic About Ethereum, Dogecoin, and Cutoshi
Amid the volatile nature of the crypto market, top analysts predict that this winter may witness a significant increase in the prices of Ethereum, Dogecoin, and Cutoshi. Although both Ethereum and Dogecoin recently saw price increases, the Cutoshi presale seems primed for success and analysts anticipate a possible 200% increase before the presale concludes.
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