Ethereum has been extremely volatile, struggling to sell close to its all-time high of $4,891. However, the ETH price has moved slightly above the $2,500 mark, signaling a bullish turnaround with a weekly surge of over 8%. On the other hand, Cutoshi (CUTO) and Brett (BASED) continue to showcase strong growth potential.
Brett’s price is on a redemption mission, with its market cap recording a surge to hit over $1B. Moreover, a new presale gem, Cutoshi, is raring to break out. Let’s explore the factors behind the hype around these tokens.
Cutoshi is one of the newly added Ethereum-based meme coins within the crypto market. What is particularly unique about Cutoshi is how it fuses DeFi ideology inspired by Bitcoin’s founder, Satoshi Nakamoto, who is renowned for advocating freedom, decentralization, and privacy.
To solve the lingering issues of cross-chain operations, the project features the Cutoshi DEX, a decentralized multi-chain exchange and swapping platform that ensures better security and privacy. This makes it possible for assets to be swapped across different chains with ease, saving users time and money. Moreover, as an Ethereum-based utility token, Cutoshi will also benefit from the scalability and security of the Ethereum blockchain.
Cutoshi also thrives in community development, which clearly explains why the project had to feature the Cutoshi Academy, which will help narrow the knowledge gap in crypto while bringing DeFi closer to the masses. More importantly, CUTO is already trading at $0.022, offering early investors over 46% ROI. Its recent addition to CoinMarketCap and its token scarcity could push its price even further as the token seeks to follow a similar price path as Ethereum.
Vitalik Buterin, co-founder of Ethereum, has unveiled an ambitious vision for the future of Ethereum blockchain scaling solutions, “The Surge.” This unique roadmap aims to significantly enhance ETH’s transaction processing capacity through the integration of Layer 2 solutions, with the target of 100K crypto transactions per second.
The main goal for “The Surge” is to make Ethereum a unified ecosystem where the various Layer-2 solutions function flawlessly with Ethereum’s main chain. At the moment, Ethereum can only process 15 to 30 TPS, which seems insufficient to meet the ever-growing demand of dApps and crypto users. With “The Surge,” the co-founder intends to increase this capacity by more than 3,000x, bringing the network closer to the 100K TPS mark.
To reach this goal, several technical improvements have been planned. Among them is the use of advanced crypto solutions like Succinct Non-interactive Arguments of Knowledge (SNARKs), which ensure transaction integrity without overloading the Ethereum network nodes. This comes at a time when the Ethereum price has showcased impressive upward momentum, trading at over $2,600 with a monthly surge of over 11%.
Brett (BASED) recently saw impressive gains, pushing its market cap from $800M to over $1B. This impressive growth represents a market cap surge of over 20% in just a week. Currently, Brett's rank by market cap has also risen, indicating strong demand and accessibility.
Brett's price performance is also approaching its activation zone, which could automatically lead to a price breakout. However, there might be a setback to the $0.0934 zone to complete the Hall Correction Level on lower time frames, after which the price of Brett could target the $0.15 mark.
This Brett price upward momentum has been supported by the token’s technical indicators. Both the 50-day and 100-day simple moving averages are at 0.8466 and 0.09608, respectively, suggesting a bullish trend. Moreover, the Brett community is also actively engaged, with increasing interactions on social media reflecting the token’s organic growth.
Both Ethereum and Brett have a strong market foundation. Ethereum is already making waves with its unique growth plan and features. Cutoshi, on the other hand, is set to continue with its surging trend, something that is attributed to the project’s capped token supply of just 440M and the prospect of merging virality with utility.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.