After months of price fluctuations, Bitcoin has hit an all-time high. This comes less than 24 hours after Donald Trump won the U.S. election, triggering a market-wide crypto rally. During this rally Cardano saw a 6% increase and its trading volume passed over half a billion dollars. As both projects rebound, Cutoshi is seeing huge upward momentum.
Bitcoin Hits A New High Following Trump’s Victory
Bitcoin recently hit a new all-time high of $76,460.15 following Trump’s victory in the U.S. election. This triggered a rally throughout the market with several altcoins rallying by over 10%.
According to a new JPMorgan report, Bitcoin could see additional increases as part of a “debasement trade” strategy. This strategy involves buying assets that are perceived as a store of value such as gold and Bitcoin. If the U.S. government begins to buy Bitcoin, BTC could see huge increases over the next year. Bitcoin is now trading at $74,949 with a daily trading volume of $63.94 billion.
Crypto Whales Stock Up On Cardano
Data from IntoTheBlock highlights a recent surge in Cardano whale holders. Over the past week Cardano’s netflow was down by 1,181%. This trend suggests that Cardano whales are moving their holdings from exchanges to private wallets. Should this trend continue, it could lead to Cardano price increases in November.
Over the past year Cardano has been one of the market’s worst performing top altcoins with an increase of just 9.22%. However, with the crypto market looking to enter a bull run in 2025 and large investors stacking ADA tokens, Cardano is in a strong position to soar before the end of the year.
Cutoshi Prepares For Stage 3 Of Its Presale
Cutoshi is benefiting from the recent bullish market trends as stage two of its presale closes out. This exciting new project has already raised over seven hundred thousand dollars and is turning the meme coin market on its head.
Cutoshi looks to build on the traditional meme coin model, offering great utility alongside a Chinese lucky cat themed meme coin. The project’s ecosystem includes a decentralized exchange, an educational platform, NFTs and an exciting farming program.
The Cutoshi exchange focuses on usability. It lets investors trade assets across blockchains at extremely low fees with transactions being completed in less than a second.
$CUTO tokens will be used to power the Cutoshi ecosystem. Tokens can be staked for lucrative rewards and holders will also benefit from the project buyback program which will make $CUTO deflationary.
Over the last week, Cutoshi launched its farming program. By engaging with the Cutoshi community investors can earn CUTO points which can be redeemed for $CUTO tokens once the project officially launches. Over 1,300 people are already farming just days since the program was released and thousands more are expected to join in the upcoming weeks.
Spectators are anticipating huge returns for early adopters. With fantastic passive income opportunities, a rapidly growing community and a dynamic ecosystem, Cutoshi is certainly a project to look out for as the crypto market builds momentum.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
