Ethereum ETF’s On The Rise: The Latest On Blockdag As Cutoshi Gets Ready For Stage 3

/Cutoshi/ – The Ethereum price spiked last week, fueled by the surging Ethereum ETF inflows. Data from on-chain market tracker Lookonchain shows that Ether spot ETF increased by $5.15M (+1898) on October 30th, the same day that the Ethereum Foundation sold 100 ETH ($271k). With the recent sale, the altcoin price has dropped to the $2500 mark.

Meanwhile, Cutoshi and Blockdag’s presale has continued to witness further adoption. While Blockdag has raised over $108M in the ongoing presale, Cutoshi has sold out 80% of the second stage of the presale, a sign of massive whale accumulation. Backed by a multichain DEX, there are high expectations of CUTO price hitting 50x.

Cutoshi Token Gets Set for Stage 3 of the Presale

Cutoshi, the revolutionary DeFi ecosystem, is getting set for the third stage of the presale amid the rising whale interest of the Ethereum-based meme coin. Having launched the presale a few weeks ago, the team has raised over $650K and sold out over 80% of the tokens allocated for stage 2 of the presale.

Early holders have already made over 46% ROI as the CUTO price increased from the initial price of $0.015 to $0.022 in the ongoing stage 2 of the presale. The price is set to rise again in stage 3.

Cutoshi is a project backed by a unique ecosystem. The ecosystem includes a multi-chain DEX that will allow for seamless swapping of digital assets on-chain. It also includes an academy to learn more about the crypto space and a farming mechanism that rewards users who participate in community events. Given all these utilities in the ecosystem, CUTO is likely to hit the $1 mark in 2025.

The recent CoinMarketCap listing has boosted Cutoshi adoption, with high expectations of CUTO hitting $0.5 before the end of the year. To reward community members, Cutoshi has unveiled a special Halloween bonus, which is only limited to 5 days. That means investors who buy now will access a 20% bonus on all discounts, making now the best time to buy.

Ethereum Token Selloff Triggers a Drop in Value

Ethereum token has declined significantly in the past 24 hours after triggering massive rallies in the past week. Ethereum CoinMarketCap data shows that the altcoin price has declined by 5% to hover around the $2500 support zone in the past day. Also, the Ethereum market cap has dropped slightly to the $303B mark.

This comes after the Ethereum ETF inflow continued its downtrend with a negative 919 (-$2.34M) in the past day. While the market hopes for Ether ETFs to reverse the outflows, Ali Martinez remains bullish on the altcoin. According to Ali on X, the Ethereum token TD Sequential is flashing a buy signal on the 4-hour chart, hinting at a potential rebound.

However, Ali thinks that for this bullish set-up to hold, Ethereum’s price needs to stay above the $2,480 support mark. So far, Ethereum market sentiment is bearish, with the moving averages showing neutral. However, the slight increase in market activity could trigger a rebound soon.

Blockdag Token Presale Sets New Record

Blockdag has set a new milestone amid a buying frenzy. In a recent post on X, the team announced they had raised a record $108M in presale as the Dev—release 152 goes live. The new release aims to refine the user interface, enhance transaction and event visibility and improve navigation and search functionality.

All these are aimed at refining the ERC-20 and ERC-721 contracts to ensure a stable and efficient platform. For context, BlockDAG is a layer 1 blockchain that uses a direct acyclic graph (DAG) to solve scalability problems in blockchain. It is structured to ensure fast and efficient transaction processing.

At the ongoing presale, investors can buy BDAG tokens for just $0.022. Investors who buy now are given a 100% bonus when they use the BDAG100 special key. Given that early buyers have made over 2000% ROI from their investment, there are high expectations of the BDAG token hitting 4000% returns before the end of 2024.

Why Investors Are Accumulating Altcoins

Given the speculation of a bull run, smart whales are using the latest dip to load up their portfolios. Ethereum is expected to rebound and target the $3k mark in November. Meanwhile, the Blockdag and Cutoshi presale has continued to make waves, with high expectations of 50x rallies by the time both tokens hit major exchanges.

For more information on the Cutoshi (CUTO) Presale: Website.

Join and become a community member: Twitter, Telegram.

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