Although the position of Bitcoin in the crypto market remains undisputed, altcoins have been showing bullish upswings in recent times. According to Lookonchain, an ETH trader with a massive win rate sold $27.8 million worth of ETH tokens and made a profit of $554,000. This has shown how profitable smart crypto investment can be.
Aside from Ethereum, other coins making giant strides in the market are Fantom and Cutoshi. While Fantom’s uptrend has been linked to recent upgrades, Cutoshi’s success during presale has attracted investors. Read on.
Cutoshi: A New Memecoin Making Waves on Ethereum
Most memecoins are driven by hype and speculation, which makes them highly volatile. However, with the emergence of Cutoshi (CUTO), investors will have access to a unique DEX exchange that prioritizes privacy and security. Cutoshi aims to combine the teachings of the Legendary Satoshi Nakamoto and the Chinese Lucky Cat to bring luck, wealth and prosperity to your digital assets.
Cutoshi in its initial ICO stage has raised around $330k,with experts projecting $500k in the coming weeks. Also the platform boasts of several pillars which will make the ecosystem educational and fun. They are Cutoshi Academy, Cutoshi Farming, Cutoshi NFTs and Cutoshi Merch.
Meanwhile, powering the Cutoshi ecosystem is the $CUTO token, which is at its first stage of presale. It is available at $0.015, and early buyers could take advantage of this cheap price. Analysts are already bullish on Cutoshi coin and expect it to soar by 800% before the year ends.
Andre Cronje Calls on Developers to Join Fantom’s Sonic Upgrade
Fantom (FTM) is experiencing a massive rally as its upcoming Sonic upgrade is near. Andre Cronje, the founder of the Fantom Foundation, is calling on developers to join him on this launch, which is expected in December. If his upgrade comes to light, Fantom will become a major player in the blockchain industry.
Meanwhile, the recent breakout has seen a rise in investor confidence. This can be confirmed by the CoinMarketCap data which shows that Fantom price surged by 55% in the past month. With over $283M in daily trading volume, the Fantom token has joined the league of the top-performing coins in the market.
Meanwhile, Fantom’s technical indicators look promising. Fantom market sentiment is bullish, while the fear and greed index is (61). Also, the Fantom coin has witnessed 17 green days in the past month with Coincodex predicting the Fantom crypto price to rise by just 5% in the coming weeks. As such, holders are migrating to Cutoshi which is projected to hit 10x in Q4.
Ethereum Price Action Indicates Positive Momentum, Expert Says
Ethereum (ETH) upward trend in recent weeks has got the attention of many experts. One of them, Ciscke Kelvin, is bullish about the Ethereum coin. The analyst believes the current price action points to a movement towards the upper resistance. However, the analyst warns investors to watch out for $2,810, $3,220, and $3,570 targets.
Analysis from Santiment reveals that Ethereum network activity has picked up as investors’ confidence continues to grow. Based on CoinMarketCap, Ethereum’s year-to-date metrics chart shows a gain of 64%. The market cap stands at $319B, with experts projecting it to hit $400B in Q4. Also, the price volatility of the Ethereum token is 4%, while the market sentiment is neutral.
Meanwhile, Ethereum is trading above the 50-day SMA ($2,524) but still a bit far off from the 200-day SMA ($3,138). The Relative Strength Index shows 54, which is a good sign. Having recorded 18 green days in the past 30 days, it’s one of the coins to consider adding to your wallet.
What Are the Top Altcoins Experiencing Major Price Swings?
With the bullish market sentiment, investors are closely monitoring the market for altcoins while taking long positions. As the last quarter of the year draws closer, Cutoshi, Fantom, and Ethereum could shock the market before the end of the year.
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