The US elections seem to be a major driver of enthusiasm in the crypto space. Recently, both candidates came out in support of crypto, fueling hopes of a positive regulatory shift after the election. This means great news for Ethereum, as well as Ethereum-based tokens like Cutoshi.
Ethereum To Gain Momentum Ahead Of Elections
DeFi giant Ethereum (ETH) has been on a steady growth path recently, with traders expecting more growth soon. Currently trading at $2,603.32, ETH rose 12% over the last month, and 6.71% last week.
This comes after an underwhelming performance last year, as ETH rose only 67.08% year over year. Facing rising ETH inflation, some traders turned bearish on the token. Ethereum also faced regulatory challenges, especially from the US’s SEC. Notably, the agency considers it, just like most tokens, a security. This is significant, as it could eventually lead to a ban on ETH in the US, as well as significant fines.
This is all likely to change with the US elections, which seem to be a major bullish signal for most crypto, especially Ethereum. Now, new winds are blowing in Washington, and the SEC Chair Gary Gensler could be replaced no matter which candidate wins.
Recently, both US Presidential nominees have been giving positive signals regarding crypto. Republican Donald Trump stated that he would be a “Crypto President” and met with notable crypto entrepreneurs. At the same time, Democrat Kamala Harris also stated she would support emerging technology and protect the investments of crypto traders.
With this significant change in the political landscape, all crypto assets are likely to grow in anticipation. Ethereum, the biggest crypto after Bitcoin, is set to target $2,700 ahead of the elections, and potentially even more. Tides of anticipation ahead of the election are also likely to lift Ethereum-based tokens.
Cutoshi
As Ethereum rallies, so will its entire ecosystem. Among those standing to gain the most are new, low-cap, and innovative meme coins like Cutoshi (CUTO).
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Cutoshi takes its inspiration from the Chinese Lucky Cat and Bitcoin creator Satoshi Nakamoto, building a DeFi ecosystem that prioritizes decentralization and privacy. At its core is the Multichain Cutoshi DEX, which enables anyone to trade at low fees and without restrictions. Its ecosystem also features token farming, quest rewards, a learning platform, and more. These are all there to support and reward holders for their participation.
Cutoshi also has solid tokenomics, with a low fixed supply. There is also a token burn mechanism, making Cutoshi deflationary. This provides real utility and helps stabilize its price in the long run. This is why Cutoshi’s sentiment is overwhelmingly positive. After recently listing on CoinMarketCap, 92% of traders are bullish.
Combining meme coins with utility, Cutoshi has the potential to 10x short term, and even 100x once it reaches major exchanges.
Conclusion
Traders looking to take advantage of Ethereum’s surge should look to Cutoshi. Potentially making new crypto millionaires before election day.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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