Outside Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Savvy DeFi traders are eyeing Cutoshi, a new memecoin in presale, attracting attention from Shiba Inu and Toncoin investors.
Table of Contents
Savvy traders and investors from the DeFi market are starting to eye a newmeme coin project making waves in the presale market. With a MemeFi initiative, this new token, Cutoshi (CUTO), is set to turn heads of institutional investors with its focus on core DeFi practices.
As experts forecast a progressive growth for this meme coin, large investors from Shiba Inu (SHIB) and Toncoin (TON) network are starting to take note. With some already investing in the token in its ongoing presale.
Cutoshi is a memefi token with a DeFi based ecosystem
Cutoshi is a presale cryptocurrency currently raising eyebrows due to its unique application in both the DeFi and memecoin market. Inspired by the Lucky Cats of Chinese and Japanese legend, Cutoshi is designed to bring prosperity, wealth, and progress to the blockchain space. Furthermore, Cutoshi champions DeFi values such as decentralization, monetary freedom, and privacy.
At its core, this MemeFi platform offers a decentralized exchange (DEX) that allows users to swiftly buy and swap cryptocurrencies across military blockchains, with low fees. There is also a farming mechanism where users can complete tasks and quests to earn additional CUTO tokens.
As a DeFi hub, Cutoshi also simplifies DeFi for newcomers by teaching essential skills like asset management, trading and other DeFi knowledge in its Learning Academy. Cutoshi has allocated over 80% of its 440 million token supply to reward users while 7% has been set to follow a buy and burn mechanism, which will further increase the demand and value of CUTO tokens.
Its native token is already selling at an ample price of $0.015 in its first presale stage. However, with analysts predicting a 100x growth for this meme coin, Cutoshi is poised to contend with the likes of Dogecoin (DOGE) and Shiba Inu whose networks hold no significant utility.
Toncoin price shows signs of reviving above its lasting dip below $6
Sometimes late August, Toncoin price fell below $6 and has not priced strongly above this mark ever since. Although the token made an impressive price move to $5.8 in the middle of September, it has sustained another crash to lower levels.
However, considering its trajectory in the past month, TON price seems to be consolidating and getting ready to surpass its $6 crucial mark.
In the wake of the next bull run, Toncoin price is poised to surpass this price mark and eventually touch its peak price for the year, at $8.1. Overall, the price of Toncoin is expected to build more momentum from its surging network activity which just spiked by 27.54%, as per CoinMarketCap data.
Shiba Inu token maintains positive sentiment despite previous decline
In the last week of September, Shiba Inu had a dramatic spike that elevated SHIB price by over 80% to a brief peak at $0.00002132. However, with a drastic fall below $0.000018, the native SHIB token lost momentum and was only able to leave the month of September with only 24% gain.
As Shiba Inu price attempts to meet up with its previous highs, the canine-themed token has now risen by over 8% in the past week, battling bearish pressure along the way. While most SHIB token holders remain optimistic, some investors are diversifying with other stable meme coin alternatives like Cutoshi.
Can Cutoshi surpass Shiba Inu this Q4?
As a MemeFi based platform with extensive DeFi market attributes, Cutoshi stands more chance of unpredictable gains in this Q4, than Shiba Inu. Cutoshi, being a presale memecoin, also has a huge role to play in its progress against Shiba Inu.
For more information, visit the official CUTO website or join the community on X and Telegram.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
This article first appeared at crypto.news
