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Cryptocurrency News Articles

Ethereum Price To Hit $6,000 Soon, Sui (SUI) and Cutoshi (CUTO) Set To Explode by 100x in Q4

Nov 10, 2024 at 05:15 pm

Amid the ongoing crypto market rally, fueled by the recently concluded US general election, Ethereum's price has broken out, with signs of breaking

Ethereum Price To Hit $6,000 Soon, Sui (SUI) and Cutoshi (CUTO)  Set To Explode by 100x in Q4

Amid the ongoing crypto market rally, fueled by the recently concluded US general election, several coins have witnessed impressive price movements. As the crypto market prepares for the final quarter of 2024, which coins are likely to dominate the market and deliver substantial gains for investors?

According to market analysis, three coins stand out: Ethereum, Cutoshi, and Sui. Here's a closer look at each coin and their potential for Q4.

1. Ethereum (ETH) Price Prediction: Surging Towards $6,000

After breaking out of the $2,800 resistance level, Ethereum price is now eyeing the $3,000 mark. However, one popular market analyst on X believes that ETH price is set for an even bigger surge - up to $6,000.

According to Ali Martinez, the risk-to-reward for Ethereum is currently too attractive to ignore, especially considering the minimal sell-off by whales in the past 24 hours.

Data from CoinMarketCap shows that ETH price has risen by 18% in the past month and a further 14% in the past week. While this price increase is modest compared to other altcoins like Solana, it showcases Ethereum's resilience in the face of the sell-off by whales.

Despite the 8% decrease in Ethereum trading volume, the market cap has hit $350B. Ethereum trades above the 50-day SMA but still a few cents below the 200-day SMA. Also, the Ethereum fear and greed index shows 69 (greed) while the price volatility stands at 3%.

If Ethereum breaks the 2,968.72 resistance level, it will likely hit 3000 in a few days.

2. Sui (SUI) Price Prediction: Poised to Double

Sui (SUI) has witnessed massive rallies in the past few months, surging by over 285% in the YTD price metrics. Looking at the Sui price movement, Investing Haven, a crypto expert on X, sees a lot of promise in the Sui token heading into 2025.

According to the expert, Sui's current momentum is strong, and if it continues, it could reach $8.88 soon.

After breaking out a few weeks ago, Sui's price has risen by 18% in the past month, as per CoinMarketCap. The SUI token has also established support above $2 and might hit the $2.5 mark soon.

However, both the SUI trading volume and market cap are down, which shows a slight correction might be coming before it resumes its bullish momentum.

Meanwhile, the Sui coin has recorded 16 green days in the past month with the altcoin trading above the 50-day and 200-day SMA. Sui market sentiment is bullish with Coincodex projecting a rise to $7.64 in the short term.

With the massive rise in the past month and the crypto market bullish momentum, Sui has high chances of flipping the $3 mark this month.

3. Cutoshi (CUTO) Presale: Set for 40x in Q4

Cutoshi, a privacy-focused DeFi protocol, has been making waves in the crypto community with its unique features and early investor returns. As the presale enters its final stage, with 99% of stage 2 tokens sold out, the CUTO price is set for another increase.

Given the limited total supply of 440M and the deflationary mechanism, Cutoshi's price could hit 20x before the presale ends and 100x on launching in exchanges like Uniswap.

But what makes Cutoshi stand out and prime it for 40x gains in Q4? Here are a few key points:

- Early investors have already made 46% returns, barely a month after the presale launched.

- Cutoshi Farming Protocol Goes Live: Barely 48 hours after launching the farming protocol, over 1300 people have begun farming and earning. Cutoshi farming is one of the unique features of the ecosystem designed to reward active community members. At the farming mechanism, users will accumulate points, which can be redeemed for CUTO tokens when the platform launches.

- This comes barely two weeks after Cutoshi was listed on CoinMarketCap, allowing investors to learn more about the project. With the upcoming CoinGecko listing, Cutoshi's price could be set for a massive pump in the coming days.

As a platform, Cutoshi is a project that follows core DeFi principles of privacy, anonymity, security, and monetary empowerment for the masses. The project is backed by a fantastic ecosystem with

News source:en.cryptonomist.ch

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