October 23rd, 2024 at 12:00 pm UTC · 3 min read
/Cutoshi/ – This year saw the rise of several cryptocurrencies in the altcoin market, with late Q1 and Q2 marking the biggest bull market. In this bull market, a certain trader made $1 million by strategically investing in Solana (SOL).
Cutoshi (CUTO), and is seen as the next cryptocurrency poised to bring similar gains. As a hybrid MemeFi token with DeFi integration, Cutoshi is set for exponential growth of up to 18x by the end of its presale.
Cutoshi (CUTO), with a unique ecosystem that totally transcends the nature of meme coins, has attracted huge traction in its presale, evident in its presale revenue of over $500k. Notably, Cutoshi’s main attraction is its engaging and lucrative ecosystem, which merges both meme coin entertainment and decentralized finance (DeFi). As such, the hybrid protocol integrates a custom DEX platform for trading cryptocurrencies across multiple chains.
Beyond this, Cutoshi houses a farming mechanism that allows participants to engage in specific quests in order to win extra $CUTO tokens — the native utility token for Cutoshi ecosystem. Interestingly, the entire operation on the platform is powered by the native $CUTO token. This deflationary token is designed to be self-sustaining, which explains the growing interest in it so far.
Cutoshi is inspired by Satoshi Nakamoto’s Bitcoin ideals of decentralization, monetary empowerment, and privacy. With these at its core, Cutoshi further integrates a Learning Academy aimed at spreading DeFi knowledge.
Considering its community focus and a utility-packed ecosystem, Cutoshi has continued to attract enormous attention as it progresses through the second presale stage where the $CUTO token is selling for $0.022.
In the past month, the price of Solana (SOL) has been moving quite impressively. After leaving a brief bullish trend during late September, SOL price was noticed struggling below the $146 resistance price mark until it was able to regain momentum and recorded an uptrend from this resistance a week ago.
Since its leap above the resistance level, Solana price has continued an upward surge that seems to be sparking a breakout from its long consolidation zone, which has lasted since April. However, unlike most other altcoins, the native SOL token didn’t consolidate in a bearish pattern. Instead, it maintained a neutral position, refusing to fall to lower levels, as seen in the year-to-date chart below.
For the record, the price of Solana is showing over 482% YTD price increase. Maintaining this positive outlook in recent time, SOL price has registered over 7% increase in the past week and over 14% in the past month. Interestingly, the recent uptrend pushed SOL price above the $171 support threshold, as it currently holds within a weekly price range of $148 and $170.
Although Cutoshi is a meme coin, it does not have the shortcomings that other meme coins do. Unlike most meme coins that lack practical utility, Cutoshi hosts DeFi features that are lucrative and engaging enough to reel in the rate of adoption that Solana has seen in the altcoin market.
Cutoshi’s recent listing on CMC, community-based features, token farming, and exchange protocols are some driving factors that could push Cutoshi’s price to new highs.
For more information on the Cutoshi (CUTO) Presale visit the website.
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