As crypto undergoes a second day of downturn due to an overleveraged market, long-term traders know that this is just a temporary setback. Ethereum hit $4,000 but has since retraced to $3,770, but is still on track to hit $6000 in 2025.
Meanwhile, altcoin season has begun, and we look at some low-cap coins in presale that could make huge coins as the bull cycle progresses.
How Pro-Crypto Policies Could Support Ethereum’s Growth
While Bitcoin has been making new all time highs, Ethereum’s performance has been disappointing, with the coin staying in the $2,400 – $2,600 range until the results of the recent US elections.
While the pro crypto GOP win has been bullish for all of crypto, its been especially good for coins that were alleged SEC securities. Although the SEC did in time, declare ETH as not a security, the staking rewards that come with it were likely to trigger the anti-crypto SEC.
With a new SEC chair set to take office in just over a month, staking rewards are now more likely to be able to be implemented into Spot Ethereum ETFs, giving TradFi the opportunity for dividends that they are used to from the stock market.
It took a while for the full impact of the BTC spot ETF to affect Bitcoin’s price significantly, but it happened. The ETH etfs are already witnessing greatly increased inflows and this is likely to push up the price further once the current turbulence has settled.
BlockDAG’s Presale: Could It Compete With Kaspa?
BlockDag is an interesting project in presale, which is similar to Kaspa in that it allows users to mine currency easily and cheaply, unlike say Bitcoin which requires huge and expensive rigs to make a profit.
The team released a phone mining app, and also offered faster mining rigs for sale, the latter of which will be delivered upon completion of the presale.
BlockDAG uses “Bitcoin’s security and decentralization with the speed and scalability of Directed Acyclic Graph (DAG) technology”. Other DAG based projects include Hedera, Kaspa, and Iota.
The presale has raised an impressive $158M, and is set to launch in four days time.
The testnet is live and a developer portal has recently been released to encourage people to make Dapps for the chain.
With a current market cap of $3B, BockDAG is certainly not a microcap, but when compared to Kaspa there is still $1B room worth of growth, or if compared to Hedera, which has an $11B market cap then the coin could grow much bigger.
While its a high target, if the coin reaches $1 next year then it would be roughly a 5000% gain from current prices. But it’s more likely that only early holders will experience those kinds of gains at $1 BDAG puts the market cap at the same size as Bitcoin.
The Lucky Cat Meme That’s Turning Into a DeFi Gateway
Cutoshi is another presale project but with a different aim and a much lower market cap. The project is part meme, part DeFi – as the representation of the Chinese Lucky Cat, but also a gateway into decentralized finance.
Seeking to capitalize on the meme supercycle of 2024, Cutoshi has built a loyal and engaged community, with quests, meme competitions and more. The winners of a $2000 meme contest have just been released on Telegram, with many unique and interesting entries.
Even before the contest Cutoshi had been trending on X three times, showing that they’ve got the backing they need.
With memecoins in particular, the community is essential. But the secret sauce is the DeFi based ecosystem with a cross-chain DEX for easy swapping and a learning academy to help people use decentralized finance to the fullest.
Cutoshi’s current market cap sits at $13M after selling out of stage 3 of a 10 stage presale. This makes a 5000% gain very possible next year, since that would take the coin to $1.55 and the market cap to around $680M.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
