The post Trending utility tokens ETH, Cutoshi tipped for huge growth by crypto experts appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While Ethereum regains momentum, savvy investors are eyeing Cutoshi, a meme-inspired DeFi protocol in presale, as the next big performer. After months of underwhelming price action, Ethereum (ETH) is finally showing strength again. Millionaire investors, however, are on the lookout for the next big play that could yield legendary 100x multipliers.  One such project could be Cutoshi, a unique cross-chain DeFi protocol that leverages meme culture and is capturing the attention of crypto beginners and veterans alike. Inspired by the Chinese lucky cat, Cutoshi looks to bring greater utility to the memecoin ecosystem and is quickly building momentum during its presale. Can Ethereum rally in Q4? After weeks of trading below $2,500, Ethereum has finally broken out of the narrow channel. Today, Ethereum sells for $2,644, with a 14.6% weekly increase and nearly $16.5 billion in trading volume.  Analysts expect further upward action in the upcoming weeks, with $3,000 being the next big target for Ethereum. On-chain analysis shows a surge in long positions, indicating rising demand for Ethereum, supported by a strong bullish sentiment. Ethereum network activity has also been on the rise, with dApps usage showing a notable uptick and total value locked (TVL) seeing roughly a $5 billion increase, now amounting to $49.65 billion. On the other hand, flows into Ethereum Investment products such as ETFs have been slowing down, with net outflows being recorded for five consecutive weeks.  Cutoshi is bringing utility to memes  Memecoins are mostly driven by hype, and once the hype dies down and prices plummet, most never recover. The problem? They lack substance and real utility to thrive long term.  Cutoshi solves this by bridging the gap between meme virality and…

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Filed under: News - @ September 26, 2024 11:22 am