Ethereum (ETH) and Solana (SOL) are reporting further rallies as investors began turning meme profits into utility-focused plays.
Meanwhile, Cutoshi brings the best of both worlds with its revolutionary MemeFi ecosystem that could allow it to make waves in both the meme coin landscape and the utility front.
Ethereum is rising, $4,000 incoming?
Compared to other layer 1 competitors such as Solana and Cardano, Ethereum (ETH) lags somewhat behind in terms of price action. However, this is changing quickly, as over the past day, Ethereum has risen to $3,450 after a 6.1% rise. Ethereum volume saw a notable 44% increase, with approximately $65 billion worth of ETH traded on exchanges in the last 24 hours.
Analysts believe that the Ethereum rally is only just beginning. Venturefounder highlighted on X that on a macro level, Ethereum is preparing to break out of a multi-year triangle pattern. If this move comes to fruition, Ethereum could see a massive rally and reach a 5-digit price at the height of the bull run.
Meanwhile, retail is booming, as around 134,000 ETH wallets are created every day, as noted by analyst Ali Martinez. This is an extraordinary show of confidence in the viability of Ethereum as a store of value and at this point, a rise above $4,000 could be hours away.
Once this happens, the majority of Ethereum-based projects are expected to follow suit, with Cutoshi poised to reach new highs as the bullish catalysts align.
Solana continues to consolidate as pressure mounts
After hitting a new all-time high of $263, Solana (SOL) retraced its steps and entered a range channel with its price fluctuating around the $240 mark. After a few retests below $230, Solana is currently consolidating around this price level with an intraday increase of 3.6%.
On According to the reading, Solana is in a micro-accumulation phase and what could follow is a massive rally that will propel the SOL price above $500 in spring 2025.
Additionally, at this point, the next Solana ETF is a question of “when,” not “if.” Several prominent fund managers like VanEck and Bitwise have already filed for approval, and most recently, industry giant Grayscale joined the party and filed an application with the NYSE. According to reports, the first Solana ETFs could hit the market as early as the third quarter of 2025, however, the exact dates are yet to be determined.
Cutoshi, the new neighborhood cat (channel)
Japanese lucky cats are said to bring good luck and prosperity to businesses and households. This is where Cutoshi draws inspiration from, as it aims to become a true token of good fortune that could bring incredible returns to early investors.
At the heart of the Cutoshi ecosystem is CUTO DEX, a non-custodial cross-chain exchange. This platform seamlessly connects all major blockchains, enabling near-instant transactions and some of the lowest fees in the DEX space.
On top of this, Cutoshi has a new revenue sharing mechanism that will systematically reward users the more they engage with the ecosystem. Through the Cutoshi Farming initiative, users can complete various missions and quests to earn CUTO Points, which can then be exchanged for $CUTO tokens after the pre-sale. Once staking is operational, investors will be able to put their tokens to use and earn passive income. This model not only encourages long-term holding, but also provides a foundation for the token to grow exponentially in value in the months to come.
Stage 4 of the $CUTO presale is underway and over $1.29 million has been raised so far. The tokens cost just $0.031, an ideal entry point for first-time buyers.
For more information on the Cutoshi (CUTO) presale:
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