Ethereum Ecosystem Primed For A November Rally – ETH Coins Chainlink (LINK), Toncoin (TON), And Cutoshi (CUTO) The Ones To Watch

With a Total Value Locked (TVL) of $50.72B, Ethereum is the world’s largest blockchain, with hundreds of top cryptos like Chainlink, Toncoin, and Cutoshi.

As the number one altcoin, the Ethereum ecosystem is projected to witness more adoption in the coming weeks, fueled by the growing interest in Ethereum meme coins like Cutoshi.

At the ongoing presale, Cutoshi has raised over $600k as whales continue accumulating the altcoin. Backed by a fantastic multichain DEX, Cutoshi is expected to hit $1 soon, following the footsteps of Uniswap during its early stage launch. With Chainlink and Toncion also witnessing varying degrees of growth, these Ethereum cryptos could lead the bull cycle of Q4.

Cutoshi (CUTO) is a revolutionary DeFi project that offers a fantastic DeFi ecosystem and meme coin. It is a project that follows core DeFi principles of freedom, anonymity, privacy, and monetary empowerment to the masses. The overall aim of Cutoshi is to increase DeFi participation through the robust Cutoshi ecosystem and the fun meme coin.

The token is backed by the Cutoshi ecosystem, which includes tools like the multichain DEX, which will allow for seamless swapping of digital assets. Other noticeable features include the Cutoshi Academy, an educational platform for learning more about cryptos. Meanwhile, the Cutoshi farming protocol is unique and designed to reward active community members who complete quests.

Coupled with its limited total supply and the deflationary mechanism, Cutoshi is set to lead the next bull cycle, with potential 100x rallies on the horizon. While the CUTO token is garnering attention, it has been listed on CoinMarketCap, with the CoinGecko listing coming soon. These will likely drive the CUTO price towards $0.1 before the end of the year.

Unlike Solana meme coins like Bonk, Popcat, and Dogwifhat, which thrive on hype and speculation, Cutoshi has strong utility in the ecosystem. Having observed the strong use case, smart whales have continued to accumulate the meme coin. Looking at the amount raised so far, which is closer to $1M, Cutoshi could soon outrank these Solana meme coins.

Chainlink (LINK) has partnered with the HBAR Foundation in a groundbreaking development. As announced by Chainlink, this partnership will allow seamless integration of Chainlink Data Feeds on the Hedera platform. Also, with this partnership, Hedera developers will be allowed to access Chainlink Oracle services.

Meanwhile, the Chainlink token has broken the $12 resistance zone in the past few days, with the next target at the $15 mark. According to stats from CoinMarketCap, Chainlink’s price has surged by 7% in the past week, with the market cap reaching the $7.7B mark. Also, Chainlink’s trading volume has surged by 29% to $327M in the past day, triggering speculation of rallies.

Clifton FX, a crypto analyst on X, is convinced that the Chainlink coin is ready for a breakout. In the analyst’s opinion, if the LINK price experiences an upside breakout, the next target will be $25. While Chainlink market sentiment remains neutral, the rising market activity could extend the ongoing rally.

Source: Clifton FX on X

Despite Toncoin’s (TON) surging price trajectory, it is still 39% below its all-time high of $8.24, which it set on June 15. However, Toncoin has surpassed Cardano to enter the top 10 cryptos in CoinMarketCap. While Toncoin struggles to hold the $5 major support zone, the market activity has witnessed massive growth in the past week.

A crypto analyst on X, Rose Premium Signals, believes Toncoin is trading near its lows at $5. According to the analyst, strong support at $4.6 is an entry point for buyers. The analyst thinks that if TON breaks the crucial $5.2 resistance level, it could target $5.6 and $6 in the short term and $10 in the long term.

Source: Rose Premium Signals on X

Meanwhile, Toncoin market sentiment is negative, with the token trading below the 50-day and 200-day SMA, according to Tradingview. However, with the 14-day RSI on the daily timeframe still at 45, not in the overbought zone, the token has a high chance of a rebound soon. The rising trading volume could trigger a resurgence soon.

Based on current market trends and predictions, Cutoshi, Chainlink, and Toncoin are some of the cryptos that could break out and trigger massive rallies soon. Given the favorable predictions and the rising market activities, these tokens could offer over 50% ROI in the short term. However, Cutoshi could surge even further based on the growing interest in the meme coin.

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

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

The post Ethereum Ecosystem Primed For A November Rally – ETH Coins Chainlink (LINK), Toncoin (TON), And Cutoshi (CUTO) The Ones To Watch appeared first on The Merkle News.