What’s Causing These Price Surges? 3 Profit Making Cryptos: SHIB, CUTO, and ETH

Crypto markets are once again rebounding, setting the stage for a major rally in October.

SHIB, ETH and Cutoshi all have major potential for the upcoming rally. See which one of them has the chance for the biggest gains.

Ethereum Climbs Amid Major Upgrades

After months of mixed performance Ethereum (ETH) is slowly picking up steam, ready for a major rally. Its recent performance put it at its current price of $2,630.63. Year over year, ETH rose 57.27%. However, this performance was somewhat underwhelming. For instance, despite being much bigger, Bitcoin rose 150% in the same period.

This mixed performance was largely due to ETH’s significant surge earlier this year. In March, ETH broke $4,000, reaching its multi-year high. This is due to several significant developments in the Ethereum ecosystem. These include ongoing upgrades aimed at fixing its efficiency and gas prices.

As ETH is significantly more volatile than Bitcoin, traders expect that it could soon bounce back. This could see it regain its $4,000 level, and possibly go even higher.

Shiba Inu Sees Impressive Gains

Another reason for ETH’s rise is its memecoins, including Shiba Inu (SHIB). Ethereum tokens continue to dominate memecoin rankings, with SHIB consistently holding second place, next to Doge. Its recent performance suggests it will keep its dominant position.

In just the last seven days, SHIB rose 27.87%. A part of this was the general trend in the memecoin market. Following Bitcoin’s climb to $66,000, many memecoins saw significant price increases. This is compounding SHIB’s yearly gain of 156.09%.

Its impressive gains are likely to continue in what traders call “Uptober,” or October period of bullish markets. If that happens, SHIB could climb back to its March highs, and pull many other memecoins with it.

Cutoshi

Market optimism, including SHIB’s strong performance, is leading traders to try and find the next big thing. For that reason, Cutoshi is on the rise.

Cutoshi is a fun memecoin behind a revolutionary DeFi hub. It takes inspiration from the Chinese lucky cat, and the Bitcoin creator Satoshi. As such, Cutoshi wants to bring luck to your crypto wallet, while also offering deep utility and posperity.

Just like Satoshi, Cutoshi embodies privacy, freedom, and decentralization. Its upcoming Multichain DEX will enable anyone to trade without restrictions. What is more, a part of its revenues will go towards burning Cutoshi, making the token deflationary.

By combining the best aspects of memecoins and DeFi, Cutoshi is attracting both meme coin investors and DeFi enthusiasts.

Conclusion

Both ETH and SHIB are in a good position to see major gains in October. However, with a presale price of just $0.015, Cutoshi offers a great opportunity for significant growth . If the market rallies, Cutoshi could soon reach $1, thanks to its strong utility and the viral nature of memecoins.

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

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.