Meme utility coin Cutoshi could tip competition ETH’s way
The post Meme utility coin Cutoshi could tip competition ETH’s way 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. As Solana challenges Ethereum for the Layer 1 throne, the Ethereum-based underdog Cutoshi could provide the edge needed for Ethereum’s supremacy with its DeFi platform and presale. Ethereum and Solana are entering a close-quarters fight as the latter is eyeing the Layer 1 throne. However, an Ethereum-based underdog in the meme coin space could give Ethereum the edge it needs to keep its supremacy. Cutoshi leverages an innovative DeFi platform bringing much-needed utility to the otherwise hype-driven meme coin space. With investors flocking to its viral CUTO presale and analysts praising it as the next 100x. Is it time for an Ethereum breakout? After weeks of ranging action Ethereum has finally broken out. As sentiment is shifting, analysts expect further upward action in the upcoming weeks. The next big target for Ethereum could be $3,000 by the end of 2024. However, centralization concerns are rising within the Ethereum community, as two block builders, Beaverbuild and Titan Builder account for more than 85% of the new Ethereum blocks produced in the first weeks of October. Meanwhile, Ethereum founder, Vitalik Buterin, has shared new insights regarding “The Surge”. This is an upcoming update set to further improve Ethereum’s scalability by boosting the interoperability with Ethereum-based layer 2 blockchains. Solana struggling to reclaim key level Selling pressure seems to be diminishing for Solana as traders are positioning themselves for an imminent surge above $160. At press time, Solana trades for $151 with a 2% decrease over the last 24 hours. If Solana flips the resistance and turns it into support, this move could pave the way for a climb to $200. Recently, Solana reached a new milestone with $6 billion in total…
Filed under: News - @ October 22, 2024 7:22 am