Ethereum has underperformed Bitcoin significantly, which may be a sign that it's ETH’s time to shine, as many expect a new all-time high for the ETH price by the end of the year. Cardano, another coin that has been sluggish until recent news about technical developments, could be about to break out further. CUTO, a token of the Cutoshi ecosystem, surprised investors by surpassing the $1.1 million mark in presale funding.
Ethereum May Finally Be Ready To Reclaim Its All Time High
Ethereum (ETH) has been trailing behind Bitcoin and other altcoins lately, but the momentum seems to be shifting. After underperforming during the recent crypto rally, ETH is showing potential for growth, supported by the renewed popularity of NFTs and its leading position in DeFi - with data from DefiLlama showing that over 60% of all decentralized finance activity taking place on Ethereum’s blockchain.
Currently priced at $3,321 following a 33% increase in the past month, Ethereum might see a short-term pullback before building toward higher levels. As reported by CoinTelegraph, Gracy Chen from Bitget, suggests that Bitcoin’s climb to $100,000 could spark temporary dips for ETH. However, these moments often provide opportunities for investors looking to accumulate, before the price rises again.
In the words of Chen, “The market can expect ETH to reclaim the all-time high before the end of this year,”
CoinTelegraph also shared other bullish analyst predictions for ETH, quoting analyst Wolf who sees a possible move to $20,000 in 2025.
Cardano’s BTC Bridge Suggests Big Potential In Bitcoin-Based DeFi
After reaching a 2024 high of $1.12, Cardano fell below the $1 mark during Tuesday’s crash. The token is trading at around $0.91 down by about 9% over the last day. The seventh most valuable crypto asset by market value is now worth $32.5 billion.
This happened in part due to Charles Hoskinson, the founder of IOG, announcing a few weeks ago that he would collaborate with the Trump administration to create more comprehensive and favorable regulations surrounding the cryptocurrency industry in 2025.
ADA is experiencing a robust upward trend reinforced by its directional indicators. However, recent price action indicates that the bullish momentum has begun to wane, even though the uptrend is still strong, The present trend might level out should the token lose the $0.88 support line.
Another bullish factor is the Bitcoin/DeFi narrative, with the upcoming Cardano-Bitcoin bridge, as a first step toward providing decentralized finance (DeFi) applications that are secured by Bitcoin.
However, this all might take some time, not least because developers will need to learn Cardano’s programming language Aiken, rather than Ethereum Solidity or Solana’s Rust.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
Hoskinson says that despite this, the work is worth it because “there’s $1.5 trillion in the Bitcoin space.” Returning to Bitcoin is like reuniting with a childhood friend.
CUTO Keeps Rising As It Combines DeFi Tools With Lucky Cat Charm
As Hoskinson’s words make clear, there is a long way to go before Cardano or any other chain can beat Ethereum’s first-mover advantage in DeFi.
That’s why a new memeFi project called Cutoshi, is being built on Ethereum.
While many projects (like Cardano) take years to show results, Cutoshi is already bringing advancements and price appreciation in just over a month.
Cutoshi’s team is making fast progress and the numbers back it up. The token recently surpassed $1.1 million in presale funding, with over 82% of stage three already sold. As this stage comes to a close, a price increase is on the horizon, giving early supporters a narrow window to secure their tokens at the lowest price before the next phase begins.
Furthermore, the team has been actively engaging its community with creative initiatives, like a meme competition currently open, offering a $2,000 prize pool.
Meme coins have been all the rage this year and so Cutoshi is making the most of this by basing itself on the Lucky Cat figurine, which is supposed to bring prosperity and good luck. There’s a more serious side and that’s the team’s commitment to the ideals of Bitcoin’s creator: decentralization, autonomy and financial freedom.
As Cutoshi will comprise a cross-chain dex, NFTs with DeFi utilities, staking options and more, it’s fulfilling that promise while making the most of its memeability, offering a cute avatar, yet with true functionality. This is a mix that could introduce many new people to the benefits of DeFi.
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