Ethereum and Bonk whales investing into Cutoshi before the next price increase

Since its presale launch, Cutoshi has generated hype as a unique meme coin. With Ethereum and Bonk eyeing its potential, investors wonder if Cutoshi could outpace them both.

Since Cutoshi launched in the presale market, the hype around the coin has been building up due to its unique features as a meme coin. As it gains even more traction, Ethereum (ETH) and Bonk (BONK) are targeting this token considering its potential to deliver high returns. 

Both Ethereum and Bonk prices have been mirroring an upward motion in the past week. However, with their whales turning heads towards Cutoshi (CUTO), investors are left to wonder if this new meme coin could actually surpass Ethereum and Bonk combined.

Cutoshi Shows potential of unprecedented growth — Whales lock in

Ordinarily, memecoins are known to be highly volatile, with their surges reflecting explosive growth that stems from their internet meme hype. Cutoshi is capitalizing on this trend by integrating lucrative DeFi tools, which has captured the interest of large investors and positioned it as a potential top gainer this year.

Inspired by the Chinese Lucky Cat known for good luck, wealth, and progress, this presale star is posing as Ethereum’s best utility memecoin of the year. The Cutoshi memecoin, with the aspiration to increase DeFi participation globally, focuses on core principles of decentralized finance including privacy, freedom, monetary empowerment, and anonymity. 

Essentially, Cutoshi’s ecosystem features a multi-chain decentralized exchange (DEX) for swapping cryptocurrencies across multiple chains. Also, in an attempt to increase its earning capacity, Cutoshi offers users a farming mechanism where they can earn rewards while completing quests. Alongside these features, there’s a learning academy on the platform to spread DeFi knowledge to the masses. 

Meanwhile, the platform’s native CUTO token adopts a deflationary buyback mechanism. This automatically increases the chances of a progressive value for CUTO token as demand for it is bound to increase due to scarcity. Already selling for $0.015 in its first presale stage, whale investors are showing interest with some investing in Cutoshi to benefit from its next price jump to $0.022– a 46.66% gain for early birds.

Ethereum price maintains low momentum as whales exit its ETF market 

About a week ago, Ethereum saw a huge outflow from its spot ETFs which contributed to its already lagging momentum throughout September. Recent data shows that the net outflow from spot Ethereum ETFs was around $79 million. Following this negative sentiment around Ethereum ETFs, Ethereum price was also dwindling.

Ethereum’s price has barely moved above its resistance mark of $2,639 due to a month-long bearish momentum. However, its weekly chart reflects nearly a 9% increase despite an 8% decline in network activity. This has prompted optimistic investors to believe that the leading altcoin will bounce back, potentially covering up its 46% decline below its ATH in the next bull run.

Bonk suffers long-term consolidation after peak price in March

Just like several other meme coins, Bonk coin was a top contender during the memecoin frenzy which happened from late Q1 to Q2, this year. However, following a general market decline, Bonk coin has long since plundered into a consolidation phase as it struggles to achieve a bullish pressure.

That said, Bonk coin price has just registered a noticeable weekly price increase of over 15%, with its network volume seeing a daily record of over 16%. While Bonk coin struggles to break out of its monthly resistance zone, previous sentiments, including its 100 and 200-day moving averages between $0.000020 and $0.000021, point to a possible rally for the token in the next bull run.

Can Cutoshi surpass bonk this year?

Compared to Bonk, whose network barely serves any utility purpose, Cutoshi presents itself as a meme coin with DeFi tools and utilities that goes beyond the emptiness of memecoins. 

As Cutoshi just started its presale, there is more of a possibility for it to surpass Bonk next year than this year.

For more information, visit the official CUTO website or join the community on X and Telegram.

This article first appeared at crypto.news