Crypto Price Prediction: Google Enters Custody as ETH, SOL Hold Support and Pepeto Eyes $11B - TechBullion

Google Cloud updated its custody service guidelines on October 26, paving the way for major banks to potentially store cryptocurrency using Google's technology. Two days later, representatives from Morgan Stanley, Citi, and Wells Fargo attended Google's crypto custody event in New York, signaling growing institutional interest in digital assets.

The custody service implements a split-signature mechanism, ensuring no single party holds the complete private key. Alphabet, Google's parent company, already utilizes this technology to safeguard its own cryptocurrency holdings on Ethereum and Solana networks. This development comes as US Ethereum funds experienced approximately $170 million in losses over three days leading up to October 28.

Pepeto's Presale Gains Momentum

While established cryptocurrencies maintain their positions, a new presale is gaining attention. Pepeto, created by the cofounder of the original Pepe coin, has raised over $11.2 million during its presale phase, with tokens currently priced at $0.0000001904. The project distinguishes itself through its functional exchange, PepetoSwap, which offers advanced trading features typically reserved for larger platforms.

PepetoSwap provides market orders, limit orders, and DCA (dollar-cost averaging) orders, with a private relay protecting trades from front-running bots. The platform charges no swap fees, potentially saving users $250-$300 on $100,000 trades compared to Uniswap and PancakeSwap. The exchange has already handled $50 million in daily volume during testing.

Ethereum and Solana Support Levels

Ethereum (ETH) currently trades near $2,225, having recently touched a low near $2,300 on October 29. Analysts suggest ETH must reclaim $2,350, then break through $2,550, to establish a path toward $3,000—representing approximately 36% potential growth from current levels. Key support levels are established near $2,200 and $2,100.

Solana (SOL) maintains support near $94.16, having slipped below $100 on October 29. Analyst Sam Daodu projects an October close between $100 and $110, with a base case target of $200 by 2030—roughly double today's price. While this represents significant long-term potential, the timeline extends over several years.

Historical Context and Future Outlook

The current situation echoes July 2020, when US regulators permitted national banks to hold cryptocurrency. At that time, Bitcoin traded near $9,500 before surging past $60,000 by April 2021. Google aims for a full custody service launch in early 2027, which could bring substantial institutional capital into the market.

Pepeto's potential draws comparison to its predecessor, the original Pepe coin, which reached an $11 billion market cap in December 2024 despite having no products and a massive token supply. The current Pepeto presale offers early investors what could be a significant advantage, with projections suggesting approximately 224x returns after listing. A $1,500 investment at current prices could potentially grow to around $336,000.