ETH to exceed $3k before Q4 end, CMC trends show bullish sentiment for ETH ecosystem
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With Ethereum poised for a potential surge past $3,000 by the end of Q4, Cutoshi emerges as a hot meme project capturing investor attention.
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The crypto market is heating up for the last quarter stretch of 2024. It is also an opportunity to invest in a number of tokens that could yield significant ROIs in Q4 and beyond.
Ethereum for instance is on a retracement, it also opens up a buy zone ahead of a potential rally toward $3,000 value. Chainlink, on the other hand, has launched a CCIP privacy protocol to protect cross-chain transactions. Notably, Cutoshi is drawing more attention to the Ethereum blockchain with its revolutionary meme project.Â
Cutoshi prepares for CoinGecko listing amid soaring potentialÂ
Cutoshi (CUTO) is gaining more popularity in the crypto industry as more investors discover the massive use cases that the meme project brings into the mix. This has resulted in Cutoshi getting listed on CoinMarketCap, becoming one of the hottest meme projects to invest in Q4.Â
One of the use cases that has set Cutoshi apart from other meme projects is the DEX exchange, which facilitates multi-chain transactions. The farming infrastructure also rewards users for participating in quests, fostering community interaction and engagement. There is also the Cutoshi University to enhance knowledge of DeFi and the crypto market.Â
The Cutoshi project draws inspiration from the traditional Chinese Lucky Cat, which is often displayed in homes to harness its lucky powers. Cutoshi is on a mission to bring the Lucky Cat to the blockchain. Combining that with Satoshi Nakamoto’s vision for blockchain technology, Cutoshi is developing an ecosystem that will give investors control over their assets.
In the ongoing presale, Cutoshi has raised over $500k which is expected to hit $5m in Q4. At $0.022, investors can buy from the pool of 242m CUTO coins mapped out for presale. With the limited 440m total supply, there are projections of the CUTO token surging by 40x in 2025.
Ethereum’s recent retracement presents a buy zone
Ethereum (ETH) may be on a decline, losing over 2% within the last month, as shown on CoinMarketCap. However, a notable expert has foreseen the token’s price retracement and how its trajectory could propel Ethereum’s price to over $3,000 valuation.
Crypto Kaleo, a crypto expert, predicted the retracement of the Ethereum token in an August X post while also pointing out that a new high would follow after the downtrend. In the latest post, Kaleo is confident that an Ethereum price breakout is imminent.
Ethereum is expected to establish support at $2,500. If the altcoin holds support at this crucial mark, investors should expect a significant uptrend that could surpass the $3,000 projection by the end of Q4. In their Ethereum price prediction for 2024, Ambcrypto, a popular prediction site, forecasted Ether’s price to hit $3268 in December.Â
Chainlink launches new privacy-focused feature for safer transactionsÂ
In a bid to boost its privacy feature, Chainlink has launched the CCIP Private Transaction protocol. This newly launched feature will ensure that cross-chain transactions of tokenized real-world assets (RWAs) are executed without breach.Â
Sensitive transaction details will now be private across multiple blockchain ecosystems, thereby boosting trust among the blockchain’s community members. With this introduction, Chainlink is expecting an increased adoption of its blockchain by corporate institutions and on-chain communities for transactions.
In the long run, this development could drive the adoption of the Chainlink token which has struggled in the past months. If the event triggers a bull run, investors can expect Chainlink price to surpass the $20 mark by the end of Q4, having struggled to maintain support above $10 in the past weeks.
Conclusion
With Ethereum’s high price entry and Chainlink’s inconsistent rally, Cutoshi stands out as a potential coin to invest in due to the increasing demand for the token. Cutoshi’s low price entry makes it appealing as investors won’t need to break the bank to invest.
For more information on the Cutoshi presale, visit: https://cutoshi.com/
Join and become a community member:Â https://twitter.com/CutoshiToken, https://t.me/cutoshi
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