A bullish cycle has begun again for altcoins. The Ethereum (ETH) coin is leading the charge, up $400 over the last 7 days. The bulls behind the push have also catalyzed the Solfart. token presale for the blockchain’s top-rated new memecoin.
Why Ethereum Coin’s Price is Rising
The reason for the new price increase is simple. Investors are expecting the United States Federal Reserve to announce a rate cut, which will cause global shifts in business that have positive trickle-down effects on most companies. The announcement is due on Monday.
Striking early, savvy money investors are moving millions of dollars into place across the Ethereum blockchain to prepare for a bull cycle next week. Striking early allows them to get the best profits, as ‘tail end’ investors, aka ‘dumb money,’ tend to move only after good news has broken.
Ethereum Memecoin ‘s Presale Pumps
Ethereum’s new prodigy memecoin, Solfart (SOLF) token, though still in its initial coin offering phase, is also seeing benefits. The cryptocurrency’s ICO surpassed US$120,000 in presales on Friday and continues to rise.
Still available at a discount to investors, because it is in its private presale phase, Solfart is nearing 2 billion tokens sold. The critical milestone marks when the price of the digital asset will rise by 24% to investors and close out its second round of fundraising.
Solfart Token To 7X Presale Investments
The Solfart memecoin is an investment vehicle that’s slated to 7x investor funds when it launches on crypto exchanges. Currently priced at $0.0002034 per Solfart (SOLF), it will list on exchanges for 0.0017143 after the presale completes. Per CryptoProfitCalculator, the difference is a +742% ROI.
The Solana Network & Ethereum blockchain bridged token had its first confirmation of listing by a crypto exchange last week. CETOEX announced via Twitter that it will list Solfart, confirming also its pairing with USDT.
According to the whitepaper, Solfart will also be paired with Solana (SOL) and Ethereum (ETH) on decentralized crypto exchanges when it lists, after the token presale closes.
With marketing ablaze on Reddit, TikTok, YouTube, and other social media platforms, Solfart’s viral videos, centered around the ideology of investors ‘cutting the cheese’ of such bull cycles as the current one affecting Ethereum (ETH) coin prices, have amassed millions of views.
September Price Predictions
A reasonable forecast is that the Solfart presale will surpass the 2 billion tokens milestone early this week. The total funds raised could reach $150,000 or more if another crypto whale enters the pool.
Ethereum coin’s price is predicted to peak at US$4,800 this week if the rate cuts are minimal. If the rate cuts are shockingly low, prices will blow past $5,000.
Ethereum is currently priced at US$4,643 at the time of this writing.
This article is not intended as financial advice. Educational purposes only.
