The post Ethereum loses whale to Solana and Cutoshi 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 ‘uptober’ heats up in the crypto market, Ethereum struggles, prompting a whale to shift investments to Solana and Cutoshi. By many indications, it looks like it’s going to be an exciting month in the crypto market. The ‘uptober’ frenzy is building up around the major coins, but rather surprisingly, Ethereum (ETH) is struggling to keep up with the trends, leaving the ETH whales. Consequently, one particular Ethereum whale has reportedly jumped ship and moved his investments to Solana (SOL) and Cutoshi (CUTO), two altcoins that are being tipped for major rallies in the next bull run. What features or signs are drawing the Ethereum whales to these projects? We’ll find out in a bit. Still no spark in Ethereum price prediction The Ethereum network is still the second biggest in the crypto-verse. However, the ETH price movements have reflected Ethereum’s standards recently. The coin has snail-paced inconsistently over the past few weeks, and as expected, its investors are bailing out. The Ethereum price has been stuck in neutral since October began. After a decent ending in September, Ethereum’s momentum has slowed, with ETH mostly trading around the $2,300 and $2,400 marks. With such a lukewarm performance, it’s difficult to foresee a significant surge. While Ethereum is currently experiencing a modest 1.62% weekly uptrend, investors are craving more substantial gains Experts Back Solana for bullish run as ‘uptober’ momentum builds Solana could well be acting its name as the ‘Ethereum killer’ as investors ditch Ethereum for the SOL token. The top altcoin is showing bullish signs, and experts are backing the Solana price to ride on the influx of Ethereum whales and the ‘uptober’ momentum.Over the years, Solana’s superior…

---

Filed under: News - @ October 13, 2024 2:40 am