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Donald Trump’s victory spells good news for the crypto community as the president-elect has been vocal about his support for cryptocurrencies and seems to be determined to make the United States the largest blockchain hub in the world.
Ethereum (ETH) has regained significant ground over the last day, sparking conversation about a possible run to $3,000. Toncoin could potentially follow suit as it started consolidating on slightly higher levels.
Meanwhile, Cutoshi, a brand-new meme coin is making waves with its innovative DeFi framework and could soon experience massive price multipliers, as investors flock to its viral presale.
Ethereum Is Gaining Momentum
Bitcoin has reached a new all-time high. The pressing question that has been on the mind of Ethereum holders is a simple one: will Ethereum follow suit? Right now, indicators are positive, as Ethereum has reclaimed the crucial $2,600 resistance and has settled at $2,646 with a noteworthy 8.4% intraday increase. Additionally, Ethereum has experienced a massive 98% surge in volume and roughly $37.8 billion worth of ETH have been traded on exchanges.
Crypto analyst Leon Waidmann has pointed out that Ethereum staking has reached a new all-time high while the amount of ETH on exchanges is dwindling. This disparity between supply and demand could create the perfect catalyst for the long-awaited Ethereum breakout.
Toncoin Is Still Ranging, But Bullish Signs Appear
Toncoin (TON) has faced significant disruption over the last few months, between the arrest of Pavel Durov and the market-wide turbulence. At press time, Toncoin sells for $4.69 with a minor rebound from the lows. Despite the current slump, analyst ManLy has shared some bullish insights regarding Toncoin’s standing on the technical front.
For starters, Toncoin adoption is seeing constant growth as it directly taps into the enormous 900-million-strong Telegram user base. With 112 million active users, Toncoin is closely trailing Ethereum’s 137 million. If Toncoin manages to break above $5 and hold it, this could pave the way for a new all-time high before the end of 2024.
Cutoshi Is The New Meme Star
The truth is that as profitable as they can be, 99% of meme coins rely solely on hype. With its focus on utility, Cutoshi is built with long-term growth in mind and investors have started taking notice.
Cutoshi boasts a cutting-edge decentralized exchange that brings all major blockchains into one place and allows for seamless, lightning-fast swaps with the lowest possible fees.
During and after the presale, users will have the opportunity to complete various quests aimed at boosting Cutoshi’s presence in the crypto space. For their efforts, they will receive cutpoints that can later be exchanged for $CUTO tokens.
Another intriguing feature that sets Cutoshi apart is the Cutoshi Academy. This is an educational platform that seeks to bridge the knowledge gap and lend a helping hand to beginners by teaching them the basics of DeFi, trading, and portfolio management.
This initiative has already seen significant praise as it lowers entry barriers and supercharges Cutoshi’s adoption. The second stage of the $CUTO presale is live and the token sells for just $0.022.
Stage 2 of the $CUTO presale is nearly sold out and tokens still sell for just $0.022. As demand is rising rapidly, today is the perfect time to get involved, especially when taking into consideration the incoming meme coin resurgence.
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