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Cryptocurrency News Articles
Bitcoin (BTC) Price Prediction: CUTO Token Outperforms BTC as Gold ETFs See Largest Outflows in Years
Nov 24, 2024 at 02:19 am
Top gold ETFs are seeing their largest outflows in years; meanwhile, Bitcoin (BTC) is inching closer to the prophesied $100,000 mark and the entire crypto market is trembling in anticipation.
Insiders claim that Donald Trump’s victory in the US presidential elections has sparked a crypto buying frenzy, with Bitcoin’s resurgence leading the way.
In the wake of Trump's victory, a massive crypto buying spree has occurred, largely due to Bitcoin’s incredible bull run. This has led to a double-digit percentage increase in the price of BTC within days, shifting the market sentiment from caution to euphoria.
Bitcoin's Surprising Rally
Trump's victory in the US presidential race has had a surprising impact on the crypto market, with Bitcoin showing a remarkable response. In the last 24 hours alone, Bitcoin has seen a 10.8% increase, reaching a price of $99,326. This sustained rally has also led to a 50% monthly surge, with Bitcoin currently trading at a premium, as indicated by a 0.75% positive price deviation from the 50-day moving average.
Furthermore, with a market capitalization of nearly $2 trillion, Bitcoin ranks as the 7th largest asset globally. In the meantime, Bitcoin ETFs have seen a record-breaking net inflow of $1 billion over 24 hours, suggesting that this rally may continue.
In a contrasting development, gold ETFs have experienced some of the highest outflows in years. For instance, SPDR Gold Shares has seen over $1 billion in outflows. This has led to speculation that some institutional investors may be shifting funds into Bitcoin to capitalize on its momentum.
Insiders point to Trump's world-renowned association with economic and geopolitical stability as a possible explanation for this institutional interest in crypto. This may be signaling a higher risk appetite among institutional investors, leading them to allocate funds to assets like Bitcoin, which has the potential for high returns.
While Bitcoin is poised to reach new heights with the bull run, as a low-cap project, Cutoshi could significantly outpace BTC in terms of gains.
Cutoshi: Redefining Meme Coins, Empowering the Community
Cutoshi combines the energy of meme coins with the utility of DeFi, drawing inspiration from Japanese culture and the Lucky Cats of good fortune.
Cutoshi is building a comprehensive DeFi ecosystem, centered around the CUTO DEX. This non-custodial, cross-chain platform connects all major blockchains seamlessly, maintaining the highest standards of privacy and security. Cutoshi promises near-instantaneous transaction speeds and a maximum fee of 0.25%. To incentivize participation, 80% of these fees will be allocated to liquidity providers, and the remaining 20% will be used for buybacks and burns of the $CUTO token.
This is significant because the Cutoshi tokenomics предусматривает regular burn events that will gradually reduce the circulating supply of tokens. This deflationary pressure will prime $CUTO for scarcity-driven, long-term growth.
Cutoshi is committed to its community, which is why the Cutoshi Farming initiative is currently underway. Users can participate in various missions and tasks to spread the word about Cutoshi on social media. In return, they will earn CUTO points, which can be later redeemed for $CUTO once the presale concludes and the token hits the markets.
One of Cutoshi's most compelling features is the Cutoshi Academy, a learning platform that aims to close the knowledge gap between crypto veterans and newcomers. New entrants will learn the intricacies of DeFi, trading, and portfolio management within a community-oriented, inclusive environment.
Recently, the $CUTO presale has crossed the $1 million milestone, and demand is surging rapidly. In stage three of its presale, tokens are currently available for purchase at a price of $0.0259.
For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/
Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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