Ethereum ETF Growing Adoption Attracts Investors To ETH Ecosystem Money Makers Custoshi (CUTO) And Shiba Inu (SHIB)
- Ethereum is showing strong signs of life, holding at $2,636, with significant ETF inflows boosting market confidence and meme coins.
- Shiba Inu has regained key levels, with a 5.3% daily increase, alongside a 36.8% surge in trading volume, supported by community governance plans.
- Cutoshi is revolutionizing the meme coin space with its innovative DeFi platform and a focus on education, attracting strong presale demand.
Ethereum's Resurgence Boosts Meme Coins Shiba Inu and Cutoshi
Ethereum (ETH) is finally showing signs of life again after months of ranging action. A major Ethereum breakout could spell significant surges for all projects that are based on its platform.
Investors are eyeing two meme coins in particular that could see significant returns, Shiba Inu and Cutoshi. The latter is a newcomer that has just started making waves with its revenue-sharing mechanism and unique features that set it apart from the competition.
Ethereum ETF Inflows Are Rising
Ethereum (ETH) managed to capture and hold the $2,600 mark which represents a crucial psychological level. At the time of writing, Ethereum sells for $2,636 with a 1.8% intraday increase.
On the ETF front, Ethereum has been regaining ground as well with over $48 million in net inflows across the various ETH ETFs. This is a welcome change of pace as the initial ETH ETF rollout in July resulted in a market-wide sell-off, which led to steep declines in the price of Ethereum. Currently, BlackRock’s iShares Ethereum Trust (ETHA) is the top-performing ETH ETF with $1.26 billion in total net inflows.
Shiba Inu Has Entered An Ascending Channel
Shiba Inu (SHIB) is seeing consistent green days after reclaiming several key levels. As of today, Shiba Inu is priced at $0.0000187 with a 5.3% daily increase.
Moreover, Shiba Inu has also seen a steep 36.8% surge in volume with $509 million worth of SHIB traded over the last 24 hours.
Shiba Inu’s ecosystem is continuously expanding and most recently, one of the developers shared an update regarding an upcoming Shiba Inu DAO. The goal is to shift to a fully decentralized governance system and allow the community to have a say in Shiba Inu’s future developments.
Cutoshi Is Spearheading The New Meme Revolution
Cutoshi leverages meme energy and state-of-the-art blockchain tech to bring a revolutionary DeFi platform. Cuteness is backed by real utility. Cutoshi pays tribute to the Lucky Cat of Chinese folklore that is said to bring prosperity to businesses and households.
CUTO DEX is at the center of the ecosystem. This is a novel cross-chain exchange that bridges separate blockchains and allows for cheap and quick transactions. Users can seamlessly swap between all major blockchains for just 0.25% in fees.
Cutoshi encourages its community to engage with the ecosystem and spread the good word by completing fun quests and tasks. As a reward, they will receive Cutopoints which can then be redeemed for the native $CUTO token..
One of Cutoshi's focuses is education and bringing crypto to the masses. Cutoshi boasts an educational platform that aims to simplify key crypto concepts and make the DeFi world more accessible to newcomers. Beginners will have access to knowledge ranging from entry-level basics to advanced trading tutorials.
Stage 2 of the $CUTO presale is now live and demand is skyrocketing. Tokens sell for just $0.022, which is the perfect entry point to start building a position. According to analysts, Cutoshi is set to hit the markets at the best possible time, the resurgence of meme coins and Ethereum’s comeback could create a perfect storm scenario that could lead to $CUTO seeing a generational 100x rally in the upcoming months.
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