Ethereum

Satoshi

Satoshi Nakamoto

Autumn

Gains

<p>As Ethereum trades below expectations at $2,465 and Neiro continues its overall strong performance, market data shows investors are diversifying across both established platforms and new projects. New coins like <a href="https://cutoshi.com/" rel="noopener noreferrer nofollow">Cutoshi</a>, recently listed on CMC, have the potential to make big returns, if investors continue to see the value of the team’s memeFi offering.</p>
<h2 class="wp-block-heading" id="h-ethereum-price-falters-but-fundamentals-stay-strong">Ethereum Price Falters But Fundamentals Stay Strong</h2>
<p>Ethereum has seen its price fall to $2,465 after recent market turbulence. The asset hit resistance at $2,700, leading to a 9.6% drop between October 20th-23rd, erasing gains from the previous trading period.</p>
<p>However, looking past price action, Ethereum’s fundamentals tell an interesting story.&nbsp;</p>
<p>Accumulation addresses have almost doubled since January 2024, now holding over 19 million ETH – showing growing institutional interest despite short-term market movements.&nbsp;</p>
<p>This accumulation pattern picked up after spot Ethereum ETFs were approved, though the ETF products themselves have recorded outflows of $24.6 million in the latest trading week, leading some to question Ethereum’s usefulness.</p>
<p>However, most Ethereum holders are happy, since network data shows 71% of holders are in profit, with 74% keeping their positions for over a year. This long-term holding pattern points to a strong belief in Ethereum’s future, even as transaction fees continue to be an issue.</p>
<p>Something bullish is that the Ethereum team is always developing. The Prague-Electra upgrade, planned for early 2025, aims to improve scalability through Verkle trees and EIP-7251. And Vitalik Buterin’s current work on “The Purge” – which targets better data storage and reduced technical complexity – shows the platform’s focus on long-term improvements.</p>
<p>While networks like Solana have increased their DEX volumes, Ethereum’s established market position and continuous development keep it central to crypto investment strategies. The mix of steady accumulation and technical updates suggests the network will maintain its strength despite current price movements.</p>
<p>Many hope for a 2x by 2025, and this could well happen if crypto continues its bull run of Q4. Meanwhile, ETH holders looking for bigger potential gains are looking for new smaller-cap coins to diversify into.</p>
<h2 class="wp-block-heading" id="h-neiro-sister-dog-of-doge-chooses-decentralization-and-charity">NEIRO – Sister Dog Of DOGE – Chooses Decentralization And Charity</h2>
<p>NEIRO is as unserious as Ethereum is complex. But given that the dog themed meme coin is up by 61,166% since its launch three months ago, it’s no joke. And there’s a sweet story behind the coin. Because Neiro the (irl) dog is a stray that has been adopted by the owner of Kabuso, the dog that inspired DOGE.&nbsp;</p>
<p>The Neiro team connects their story with the dog saying that “after being rugged by the original dev, we decided to take over the project. Neiro is now 100% community-owned and managed.”, showing the power of decentralization.</p>
<p>Neiro also follows in the footsteps of meme coins like Shiba Inu. Because Vitalik Buterin donated $500,000 worth of NEIRO to an animal welfare charity, much like his donation of SHIB, when the coin was new.</p>
<p>NEIRO is currently up 34% on the weekly charts but down 49% since its early October high..</p>
<h2 class="wp-block-heading" id="h-cutoshi-mixes-the-fun-of-neiro-with-the-utility-of-ethereum-dapps">Cutoshi Mixes The Fun Of Neiro With The Utility Of Ethereum DApps</h2>
<p>Cutoshi borrows the meme magic and folklore like approach of Neiro and adds decentralized finance, to give it some of the utility of Ethereum.</p>
<p>Cutoshi is built on Ethereum, and so is able to take advantage of the blockchain’s market size, sophisticated tech, and decentralization.</p>
<p>The story of Cutoshi dates back to the ancient Chinese Lucky Cat, which actually began its roots in Japan. This links them to the pseudonymous Satoshi Nakamoto (who <a href="https://edition.cnn.com/2024/10/08/investing/satoshi-nakamoto-identity/index.html" rel="noopener noreferrer nofollow">may or may not be early dev Peter Todd</a>). Whoever Satoshi was, or wherever they were from, the ideals are clear – to build a system that would give people autonomy over their money, by using decentralization.</p>
<p>Cutoshi’s plan is to build a meme coin-like community, provide a cross-chain DEX to encourage on-chain participation, and reward and connect people through competitive yield farming and other fun activities. They will also offer a learning space for those who want to go deeper into DeFi in the cute surroundings of the Cutoshi ecosystem.</p>
<p>Given that CUTO is in presale, has a mere 9 million market cap, and a compelling vision, there’s the opportunity for potential gains usually only seen with meme coins. (Or for those who got in very early with Bitcoin and Ethereum).</p>
<p><strong>For more information on the Cutoshi (CUTO) Presale:</strong></p>
<figure class="wp-block-embed">
 <div class="wp-block-embed__wrapper">
  https://cutoshi.com
 </div>
</figure>
<p><strong>Join and become a community member:&nbsp;</strong></p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"><a class="twitter-timeline" data-width="696" data-height="1000" data-dnt="true" href="https://twitter.com/CutoshiToken?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">Tweets by CutoshiToken</a>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<figure class="wp-block-embed">
 <div class="wp-block-embed__wrapper">
  https://t.me/cutoshi
 </div>
</figure>
<p>The post <a href="https://www.ethnews.com/ethereum-and-neiro-holders-also-add-cutoshi-to-portfolio-for-maximum-gains-this-autumn/" rel="noopener noreferrer nofollow">Ethereum And Neiro Holders Also Add Cutoshi To Portfolio For Maximum Gains This Autumn</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

Ethereum And Neiro Holders Also Add Cutoshi To Portfolio For Maximum Gains This Autumn

Table of Contents

ETHNews

Other articles published on Oct 30, 2024

Solana vs. CYBRO vs. AVAX: New Contender Expected to Overtake Market Leaders in 2024

Market Giants Like DOT and ADA Face New Competition From CYBRO

Kazakhstan CBDC pilot drastically reduces VAT refund wait

Reddit offloads most of its Bitcoin, Ether holdings

Morph Announces Mainnet Launch on Ethereum, Paving the Way for Consumer Blockchain Adoption

Pyth flips Chainlink in 30-day volume, Chronicle CEO weighs in

Join our free newsletter for daily crypto updates!