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Although Ethereum is down from its all-time high, many are bullish about the future, especially considering Etheruem’s DeFi market share. Another viral altcoin, Cutoshi, is getting a lot of attention from whales eager to capture both the meme and DeFi sectors.
Ethereum’s journey this year has been full of highs and lows, with some people calling Ethereum the sick man of crypto, as it fails to match Bitcoin's performance.
After dropping to $2,100 in August, it’s back at $3,333 from its all-time high of $4,875, but a recovery nonetheless. For many, this is the moment ETH either proves its staying power or risks falling behind as Solana, Base, Sui and others gain ground.
The next major milestone is clear: $4,000. It’s a critical psychological and technical level that ETH needs to reclaim if it wants to stay in the race. Breaking above this point could signal a return to strength and open the door to retesting its all-time high. If ETH can manage to cross $4,875, the market enters uncharted territory. With no historical resistance, ETH could quickly push higher, with targets like $7,300 -based on Fibonacci levels looking increasingly realistic.
Given that the Spot ETFs are just getting going, this is another bullish point in Ethereum's favor. One thing is obvious, Ethereum still holds over 64% of the total value locked in DeFi, so the chain is going to continue to be a major player.
The new ERC-20 token has been gaining attention, a meme coin with DeFi capabilities.
Cutoshi has achieved a lot in just a few months. The project has raised over $1.45 million so far, with over 74.5 million tokens sold in the first four presale stages. With only six more stages left, the team is showing a steady ability to draw interest and keep the momentum going.
It is rare to see a presale project balancing strong community engagement with actual substance, but it seems that Cutoshi is managing to do just that.
One of its standout features is the live token farming initiative, which has brought over 4000 participants into the ecosystem already. It gives users a chance to earn rewards while staying engaged before the main features roll out.
At the same time, Cutoshi has been making its presence known on X, trending three separate times recently, including a massive spike just before Thanksgiving. The memes and competitions around its Lucky Cat mascot have clearly struck a chord with its audience.
At the same time, while Cutoshi leans on the power of its meme appeal, the team’s DeFi-based vision for the project adds depth. The cross-chain DEX that is in development aims to make trading easier and the gamified learning academy could make DeFi accessible to a wider audience.
With its presale still active and nearly 40% of stage 4 sold out, CUTO is one to look out for.
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