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As 'uptober' heats up in the cryptocurrency market, ethereum is struggling, prompting one whale to move its investments to Solana and Cutoshi.
By many indications, it looks like it will be an exciting month in the cryptocurrency market. The 'uptober' frenzy is building around major coins, but surprisingly, ethereum (eth) is struggling to keep up with the trends, leaving the eth whales behind.
Consequently, one ethereum whale in particular is reported to have jumped ship and moved his investments to Solana (SOL) and cutoshi (CUTO), two altcoins that are shaping up for big rallies in the next bull run. What features or signals are attracting ethereum whales to these projects? We'll find out in a moment.
<h2 class="wp-block-heading" id="still-no-spark-in-ethereum-price-prediction”>No spark yet in ethereum price prediction
The ethereum network remains the second largest in the cryptoverse. However, eth price movements have recently mirrored ethereum standards. The coin has been at a snail's pace inconsistently over the past few weeks and, as expected, its investors are bailing out.
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ethereum price has been stuck in neutral since October began. After a decent finish to September, ethereum's momentum has slowed, with eth mainly trading around the $2,300 and $2,400 marks. With such tepid performance, it is difficult to foresee a significant increase. While ethereum is currently experiencing a modest ethereum/” target=”_blank”>1.62% weekly uptrend, Investors crave more substantial gains.
Experts back Solana for bull run as 'uptober' momentum builds
Solana could well be living up to his name as the 'ethereum killer' as investors abandon ethereum for the SOL token. The leading altcoin is showing bullish signs and experts are backing Solana price to take advantage of 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 a Solana ecosystem. It continues to host several other projects. However, developments on the US political scene are contributing to optimism about Solana's price. In recent crypto news, Standard Chartered's global head of digital asset research, Geoff Kendrick, even predicted a five-fold increase in the price of SOL if Donald Trump wins the presidential election.
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On the price charts, Solana is rising again after a brief price correction that took the SOL price up to $135 last week. Solana is trading on a 7.59% monthly uptrend right now, and the 'uptober' month could be the start of a bull run towards Solana's all-time high.
Cutoshi's focus on long-term utility and sustenance
It is not uncommon to find meme coins leading bull runs, as the meme coin sector is known for its large rallies. However, recent events have reduced the sector to a mere “pump and dump” reputation where meme coins can no longer sustain themselves in the market. Most of this is because most altcoins lack utility and a plan for long-term sustenance. However, the Cutoshi project comes to correct all that.
Cutoshi themes the Chinese lucky cat, famous for attracting good fortune to homes. Cutoshi intends to bring good luck to investors in the cryptocurrency market. The project also takes 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. Cutoshi DEX allows its users to perform cross-chain operations, such as exchanging digital assets, seamlessly and without the need to connect their wallet.
The Cutoshi pre-sale is active and in stage 2 with a price of $0.022 per CUTO token. The pre-sale has received over $350,000 in investor funds, proving that the project is rapidly gaining popularity in the cryptocurrency market.
Solana and Cutoshi emerge as the best options for whales
ethereum is still the second-largest crypto project, but ethereum's price has been lackluster for some time now, and it's no surprise that its whales are turning to other alternatives in Solana and Cutoshi.
Meanwhile, while Solana and Cutoshi would benefit from ethereum's affluence, Cutoshi's adoption of Defi and meme coin features is a masterstroke that experts believe could lead the token to a 100x rally.
For more information, visit the CUTO official website or join the community at twitter.com/CutoshiToken” target=”_blank”>unknown and Telegram.
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