The crypto market is gaining momentum, with Bitcoin trading above $63,000 and Ethereum (ETH) trading above $2,500. One noticeable aspect of this new trend is that emerging coins perform very well. Cutoshi (CUTO) is one example that emerged as a top project in 2024.
Because of its utility and sound fundamentals, Cutoshi, the lucky cat DEX, is being called a rival of Ethereum. Analysts think it can replicate ETH’s early gains.
Ethereum (ETH) Founder Talks About The Future Of The Network
Vitalik Buterin, co-founder of Ethereum, recently shared his vision for the network’s future in a blog post, focusing on challenges and improvements ahead. He highlighted Ethereum’s smooth transition to proof-of-stake (PoS), noting its stability and reduced risk of centralization. However, problems like slow transaction finality and high barriers for validators remain for Ethereum.
To address these, Buterin proposed solutions like achieving single-slot finality and lowering the staking requirement to 1 ETH. This would make staking more accessible and improve overall network performance. He also stressed the need for stronger security, suggesting using Single Secret Leader Election (SSLE) protocols to prevent block proposer attacks. Buterin outlined research efforts, such as the “Whisk” protocol, to address these vulnerabilities while balancing simplicity and security.
On the technical side, Ethereum is trading near the upper resistance of the wedge pattern. In late September, it faced demand near the $2,700 supply zone, which will work as the major resistance for Ethereum price going forward.
Cutoshi (CUTO) DEX Cross Chain Attracting Investors
Cutoshi, a new meme coin in the market, is not just an ordinary meme coin but a DeFi hub with various DEX features. Cutoshi’s decentralized exchange (DEX) allows users to swap assets across multiple blockchains.
With its swapping feature, Cutoshi offers different utilities like token farming and staking. These activities encourage token holders to lock up their assets, reducing supply and increasing demand, which naturally helps boost the token’s price. Cutoshi’s presale draws in early investors eager to be part of a project with high growth potential.
Many are on the lookout for the next big opportunity, similar to Solana, and Cutoshi’s early phase offers the chance for significant returns before it gains mainstream attention.
The CUTO pre-sale reached a total amount of the first round of $480,000 and is now part of the second round, which has raised almost $150,000. Cutoshi is a meme project, which is the first one to have real utility. Analysts anticipate a 100x increase in value after the CUTO token is launched.
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