The Psychology Behind Crypto Traders And Why They Are Picking Ethereum, Cutoshi And Dogwifhat

Making the most out of the crypto market requires a combination of strategic planning, in-depth analysis, and awareness. Some experienced traders have done their homework and have pinpointed Ethereum (ETH), Cutoshi (CUTO), and Dogwifhat (WIF) as the top picks for the biggest returns in the crypto market this cycle.

ETH Price: A Tussle Between Bulls And Bears

After impressing for a few weeks, the ETH coin is currently experiencing a correction as the ETH price is now giving up most of its earlier gains in a slump. However, with its Relative Strength Index balancing at a neutral 46.6, according to TradingView, it’s looking like a serious tussle between the bears and the bulls.

Source: CoinMarketCap

Interestingly, despite the fact that Ethereum (ETH) has now lost 19.40% in its 24-hour volume, suggesting a dip in investor interest, the Ethereum price is still hanging on in the green zone. Ethereum (ETH) is currently trading at a slender 1.75% gain on the monthly trends.

However, it’s looking more like a psychological battle as there is a growing belief that Ethereum (ETH) could reach $2,900 if it can break above its monthly peak of $2,765. Otherwise, the bears would sink the ETH price below its monthly low of $2,311.

The Lucky Cat Effect: Cutoshi Is Captivating The Crypto Market

Cutoshi (CUTO) has become a hot subject of discussion in the crypto market. The meme coin blends meme fun with Defi utility to gain a psychological edge over typical meme coins and Defi coins; no credit for guessing how much traction the hybrid project is getting in its ongoing presale.

The project draws its meme inspiration from the Chinese Lucky Cat and expands on the pro-community and financial freedom ideals of Satoshi Nakamoto. Cutoshi’s focus is on bringing prosperity and fun to the masses through its innovative offerings.

With Cutoshi’s multi-chain DEX, the project gives its users a borderless platform that allows them to swap and manage their digital assets across different chains without needing a third party, with the security of the Ethereum network.

The Cutoshi (CUTO) ecosystem also features a community where members can learn and earn. Community members can explore the Cutoshi Academy to learn about the Defi systems and cryptocurrency. There are also extra CUTO tokens to be earned when members undertake tasks with the farming mechanism.

The CUTO presale is fast selling out as more investors scramble to have a stake in the project. CUTO is currently valued at $0.022 in Stage 2, and given its huge potential, that could be the lowest it will ever be.

WIF Coin Caught Between Monthly Gains And Weekly Losses

The bulls and the bears both have a hold on Dogwifhat (WIF), and it depends on what timeframe you are looking at. While the WIF coin is up by a sizable 43.10% on the monthly charts, the Dogwifhat price is down 14.10% on the weekly timeframes. Now, the Dogwifhat price prediction will be based on psychological factors.

Source: CoinMarketCap

Dogwifhat (WIF) has a recent history that could tilt the recency bias in its favor. After entering the market at $0.1742 earlier this year, Dogwifhat price grew astronomically as it peaked at $4.85 in March, returning over 2,500% ROI in three months.

Although the WIF coin is some distance below its ATH right now, the bulls can aim for a rally to take the Dogwifhat (WIF) to within touching distance of its ATH. With that, the current 26.71% in the meme coin’s 24-hour volume suggests WIF coin investors are HODLing and anticipating a pump.

Investor Psychology In A Delicate Balance

There are a lot of psychological factors in play in the crypto market right now as investors are torn between different options. Whilst Ethereum is perfectly balanced between the bulls and the bears, Cutoshi’s good luck charm is drawing in investors, and its utility could spike the CUTO token price. Dogwifhat bulls are hoping for a resurgence to take the WIF price closer to its ATH.

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