It’s an exciting time as Bitcoin goes above $100k, but now the question many investors are asking is which cryptos they should invest in this cycle’s bull run. Three coins that have the potential to go to the moon; Ethereum, Litecoin and Cutoshi.
Ethereum has experienced a lot of FUD this year, as it has so far failed to keep up with Bitcoin’s gains.
The BTC Spot ETF was instrumental in pushing Bitcoin to new all-time highs. According to Binance news, “The cumulative historical net inflow for Bitcoin spot ETFs has reached $31.734 billion.”
Compared to the ETH Spot ETF, the total inflow of which is around $898 billion, according to ChainCatcher, over the last week however, Ethereum has seen an increased number of inflows.
While Bitcoin is Digital Gold, Ethereum is the Supercomputer that powers all kinds of DeFi based projects such as Cutoshi, the markets are now buying into that narrative.
Ethereum’s recent chart activity has broken out from a 261 day resistance level, as it smashed past $3,800. ETH is currently trading at $3,924, with $4000 as the next target and then exceeding the all-time high of $4800 after that.
Crypto analyst and podcaster Scott Melker has predicted that ETH will hit $12k by the end of 2025.
Although it’s one of the oldest cryptos, designed to be fast and scalable, aka the Digital Silver to Bitcoin’s Gold, the performance has been underwhelming so far, in comparison to Ethereum and Bitcoin.
Litecoin’s 2022 MimbleWimble upgrade, named after the tongue-tying spell in Harry Potter, is a privacy and scalability upgrade. With loosening regulations stemming from the upcoming Republican government, privacy-related coins such as Secret, Decred and Monero have been doing really well.
Additionally, LTC is one of the coins high on the list for a Spot ETF of its own. Buoyed by these factors, on December 2, Litecoin was trading at $122.79, marking a 19% increase overnight and putting over 60% of the holders in profit, according to data from IntoTheBlock.
Since then Litecoin has gone up to $142, up 100% on the yearly. As LTC’s all time high is at $410, a 3x is on the cards, if the coin can hit $427.
Representing the iconic Chinese Lucky Cat, $CUTO has been making a name for itself as a hybrid meme coin with real utility, blending the fun of memes with the practicality of DeFi.
While many meme coins rely purely on hype, Cutoshi offers substance. The project plans to launch a cross-chain decentralized exchange (DEX) with low fees, a learning academy for DeFi newcomers and NFTs with real-world utility, such as trading discounts on the DEX.
For a coin that's very new, it’s already showing impressive progress, having sold out the third stage of its presale in record time. Currently priced at $0.031 the project has raised over $1.29 million so far.
Utility has gotten investors excited, however the community is possibly an even more bullish factor. Cutoshi has already trended on X three times, with its mix of meme culture, competition and development milestones driving social engagement. Investors are taking note of its ability to capture attention while delivering on its roadmap.
With at least six stages left before launch, the token is still at a low market cap of $13.6 million, giving it significant room to grow. A 3x or even 10x isn’t out of the question if the team keeps building and the community stays this engaged.
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