ETH struggles to hit 3k again as Cutoshi soars through first stage of presale

How good is the Cutoshi meme project faring in its presale stage and what is the future price trajectory of Ethereum in Q3? Find out in the article.

Despite gaining over 4% in value within the last month, the Ethereum (ETH) token is struggling to regain price value above the $3,000 threshold. However, a series of pivotal stats could be pointing toward a significant time in the history of the Ethereum token.

Meanwhile, the Cutoshi (CUTO) meme project is turning out to be the most interesting meme movement on the blockchain, with its firmly developed ecosystem and potential for growth.

Cutoshi project is everything users need in a DeFi utility coin 

Cutoshi is an Ethereum-based memecoin that is mounting a challenge against Solana memecoins in terms of ROI potential. So far, CUTO has raised over a quarter of a million dollars in its first stage of presale. Built under the Ethereum ERC-20, CUTO is the next rival to top memecoins like Shiba Inu, Dogecoin, and more.

For context, the Cutoshi project is a synergy of the DeFi hub, an educational platform, and a smart memecoin that is inspired by the Chinese lucky cat. As such, with its lucky penchant, investors can leverage the coin to grow their digital luck, increase their crypto yield, and make more ROI. 

Another notable aspect of Cutoshi is its ecosystem which is a gold mine for most crypto enthusiasts. The sections of the ecosystem include Cutoshi DEX – a cutting-edge decentralized exchange where investors can trade and swap assets across blockchains; and Cutoshi Academy – an effective movement that enlightens members about how DeFi works, etc.

Unlike other memecoins that sprang up without direction, CUTO has a carefully planned roadmap and direction, ensuring that every investor is carried along, with their investment made safe and secured. With a projected 500% growth of CUTO before launch, investors have the opportunity to buy the presale now at the price of $0.015 and position themselves for the potential gains. Overall, Cutoshi is a project not to miss. 

What direction is the Ethereum price headed?

With over $317 billion in market cap, Ethereum is the 2nd most valuable crypto coin in the industry. Since the start of the year, Ethereum’s price started a promising uptrend which saw it peak at $4,000 in March. 

With investors predicting that ETH could break its all-time high of $4,891 in 2024, the token held a lot of promise in Q3 and Q4 of 2024. However, the Ethereum token has lost over 22% in Q3 to decline under $2,650 in value, as per market stats. Nonetheless, several top-tier crypto analysts, including Ted Pillows on Twitter, are backing Ethereum to regain the $4,000 price value in Q4 with a new ATH in 2025. 

However, the technical analysis shows that Ethereum is trading below the 200-day SMA ($3,119). The recent setback can be linked to a series of sell-offs by whales in the past weeks.  Recent data from Lookonchain and Spot On Chain shows how Ethereum foundation and whales are dumping the crypto. Having failed to break the $2700 mark, the chances of hitting $3k is low. 

Cutoshi vs. Ethereum

According to Spot on Chain, the address of the recent Ethereum selloff has a tie to Vitalik Buterin which suggests that the Ethereum founder might be linked to the ongoing sell-off in the past weeks. Confirming that it is the foundation too which has been dumping the token. This series of dumping could push the price downwards. As such, Cutoshi might be a smarter investment decision. 

For more information on the Cutoshi presale, visit: https://cutoshi.com/

Join and become a community member: https://twitter.com/CutoshiToken, https://t.me/cutoshi