Ethereum whales diversify portfolio by increasing holdings of Solana and Cutoshi
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As ‘uptober’ heats up in the crypto market, Ethereum struggles, prompting a whale to shift investments to Solana and Cutoshi.
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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 speed and scalability have long been its main selling points as the Solana ecosystem continues to house several other projects. However, events in the US political scene are contributing to optimism about the Solana price. In recent crypto news, the Global Head of Digital Assets Research at Standard Chartered, Geoff Kendrick, has even predicted a 5x surge in SOL price if Donald Trump wins the presidential election.
On the price charts, Solana s climbing back up after a short price correction that took the SOL price down to $135 last week. Solana is trading at a monthly 7.59% uptrend right now, and the ‘uptober’ month might be the start of a bull run to the Solana all time high.
Cutoshi’s focus on utility and long-term sustenance
It is not uncommon to find meme coins headlining bull runs as the meme coin sector is known for huge rallies. However, recent developments have reduced the sector to a mere ‘pump and dump’ reputation where meme coins can no longer hold their own in the market. Most of this is due to how most altcoins lack utility and plan for long-term sustenance. However, the Cutoshi project is coming to correct all that.
Cutoshi thematizes the Chinese Lucky Cat that is reputed for attracting good fortune to homes. Cutoshi intends to bring such good luck to investors in the crypto market. The project also draws inspiration from Satoshi Nakamoto by emphasizing a Defi system where privacy, security, and freedom are of great importance.
To achieve this, Cutoshi brings its own decentralized exchange platform, Cutoshi DEX, to the crypto market. The Cutoshi DEX allows its users to carry out cross-chain operations like swapping of digital assets seamlessly without the need to connect your wallet.
Cutoshi presale is live and in stage 2 with a price of $0.022 per CUTO token. The presale has received more than $350,000 in investor funds, proving that the project is fast gaining popularity in the crypto market.
Solana and Cutoshi emerge as top picks for whales
Ethereum remains the second biggest crypto project, but the Ethereum price has been lackluster for some time now, and it’s no surprise its whales are opting for other alternatives in Solana and Cutoshi.
Meanwhile, while Solana and Cutoshi would both benefit from the tributary from Ethereum, Cutoshi’s adoption of both Defi and meme coin features is a masterstroke that experts believe could take the token on a 100x rally.
For more information, visit the official CUTO website or join the community on X and Telegram.
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