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Crypto Daily 2024-11-29 15:03:16

Ethereum Price Prediction: ETH To Reach $6000 Q1 2025, Whales Invest Heavily Into Cardano And New DeFi Token

For the majority of 2024, Ethereum (ETH) was sidelined as other Layer 1s took the spotlight. However, this could soon change as Ethereum has entered an ascending channel that saw it steadily reclaim crucial resistance levels. Speaking of Layer 1s, Cardano (ADA) is enjoying massive attention, as it trades above $1 again, after months of underperformance. A new Ethereum-based meme coin, Cutoshi , is also making waves. Its groundbreaking framework has investors flocking by the thousands to its viral presale of the $CUTO token, which just recently crossed the $1 million mark in raised funds. Here’s Why 2025 Could Be Ethereum’s Year Despite still being the undisputed Layer 1 king and second largest cryptocurrency with a mammoth $415 billion market cap, Ethereum (ETH) fell to the wayside during the bearish summer phase. Over the past weeks, Ethereum began showing signs of life again as it soared above $3,000 raking in 36% monthly gains. At press time, Ethereum sells for $3,448 with a 3.5% daily increase and a 27% drop in volume, with roughly $41 billion worth of ETH traded on exchanges. Analyst Dollarcurrency, believes that Ethereum is on track to reach $6,000 in 2025. In support of his thesis, he shared on X a complex chart reading that uses Kuji and Kumo Cloud indicators Furthermore, the spot Ethereum ETF has recorded $40 million in net inflows, with financial behemoth Blackrock contributing $50 million in the last few days. When industry giants show growing interest in Ethereum, it could be time to start paying attention. Cardano Is Resting On Support; Next Leg Up Might Come Sooner Than Expected Cardano’s price performance over the months leading up to the US elections has been nothing short of underwhelming. ADA holders were left in a state of exasperation, with almost every other Layer 1 outperforming Cardano by a mile. As Donald Trump’s victory galvanized the market, Cardano experienced a massive surge of over 200% that saw it break out of its trading range and peak at $1.13. This is where traders began tracking profit, which led to a correction in the Cardano price, as Ada settled at $0.99. Last week on X, Beastlorion shared a technical analysis of Cardano that shows that on the macro level, ADA has been moving in an ascending channel since 2017. His primary price target for Cardano is $3.50, followed by the more ambitious $10 at the peak of the bull run. In other news, Cardano has just launched the first Zero-Knowledge (ZK) smart contract on its blockchain. This is a crucial milestone for Cardano as the introduction of ZK technology aims to further improve privacy and scalability. This is part of a broader series of upgrades, such as the Chang Hard Fork which elevated decentralization and community governance. Cutoshi Is Turning Heads With Its Unique Reward System Cutoshi is no ordinary meme coin. The project boasts a cutting-edge DeFi platform that brings together isolated blockchains and allows rapid-fire transactions across a wide array of digital assets. Cutoshi is inspired by the Lucky Cats of Japanese tradition, displayed in stores as tokens of good fortune. Like these lucky cats, Cutoshi brings good fortune to the blockchain and empowers its users with lucrative prizes and rewards. During and after the presale, users are able to earn CUTO points by completing tasks to help grow the project's user base. These points can be later exchanged for $CUTO tokens once the presale wraps up. Until December 4, users can also participate in Cutoshi’s viral contest and share their favorite memes, with over $2,000 worth of $CUTO tokens granted to winners. Those interested in learning more can do so here, on the official X account. Stage 3 of the $CUTO presale is 83% complete and demand is skyrocketing. Right now, tokens sell for just $0.0259, a perfect entry point for investors who want to capitalize on the Cutoshirevolution! 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: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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Ethereum Price Prediction: ETH To Reach $6000 Q1 2025, Whales Invest Heavily Into Cardano And New DeFi Token

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