Solana News: SOL Flips BNB Chain With 15% Surge, Cutoshi A Revolutionary DeFi Project Dominates the Market

/Cutoshi/ – Following the recent hike in the price of Bitcoin, several top altcoins including Solana (SOL) hit peak prices for the year. The Solana coin surpassed the $200 price mark, after surging over 18% in the past week. As a result, SOL token flipped Binance (BNB) to become the 4th largest cryptocurrency by market cap.

As attention grows around Solana, investors are also eyeing a revolutionary meme coin, Cutoshi (CUTO), which comes with a DeFi based ecosystem poised to leave a staggering influence in both DeFi and meme coin market. This speculation is inspired by its strong focus on decentralization, privacy, and monetary empowerment, coupled with recent CMC listing.

Cutoshi Sparks Meme Coin Positivity With Distinct MemeFi Platform

Despite its cute cat aesthetic, Cutoshi CUTO) isn’t just your ordinary meme coin — it is a meme-based project with cutting-edge DeFi platform that distinguishes it from typical meme coins. Still selling out its second presale stage, the native $CUTO tokens are currently sold at an ample price of $0.022 offering early investors up to 46% ROI so far. This, combined with its revenue which has surpassed $700k speaks of its bullish potential.

Notably, the meme-based platform houses a DEX protocol that allows users to enjoy smooth cross-chain transactions across multiple blockchains, combining high-speed performance with minimal fees. Meanwhile, an ongoing token burn has already been set to decrease the supply of its native $CUTO token over time. This further sets the stage for Cutoshi to surpass all trending Solana meme coins and that of Ethereum’s.

Beyond its permanent buyback and burn growth mechanism, there are also exclusive token and NFT rewards when users participate in its “currently live” token farming model. All users have to do is complete engaging missions and participate in events to help expand Cutoshi’s social media reach. The rewards come in CUTO points which can later be exchanged with CUTO tokens when it officially launches.

Solana Price Surges Above $200 Marking Over 15% In A Few Days

For starters, the volume of activity on the Solana (SOL) network recently spiked by 25.89%. This surge coincides with a 15% week long rise and over 44% in the past month, representing a bullish trajectory for Solana coin.  Most of this bullish outlook was contributed by its surge in the past few days as seen in its monthly chart below.

This incline also marked Solana’s surge over $200 for the first time since April. Another interesting development that came from this development was Solana outperforming Binance’s market dominance. Before the sudden shift in the price of Solana, its market cap was a little below Binance’s.

Now, Solana holds a market cap valued well above $96 billion, while ranking as the 4th largest meme coin by market cap. According to recent Solana news, SOL token’s market cap achievement also flips AirBnb, showing its dominance in the broader financial market.

Binance Token Attracts Positive Sentiment After Reclaiming Levels Close To $600

Regardless of its regulatory issues with multiple countries including Nigeria, Brazil, India and the United States, Binace (BNB) still features among cryptocurrency with high potential for surmounting gains. The Binance coin recently regained strength, as it approached the $600 price mark, as observed below.

This positive movement in the price of Binance has been supported by an upswing in market sentiment and a stronger-than-expected resilience as the token now rests in a weekly range of  $546.86 and $608.11. However, crypto experts like Altcoin Moe are bullish on BNB token as Moe speculated BNB price to touch $1,000 in this bull run.

Meanwhile, Binance token is currently showing a strong buy signal when its technical analysis on TradingView is observed. This positive outlook has further ignited even more optimism for Binance to surpass its ATH at $717 any time soon.

Can Cutoshi Contend With Binance And Solana Soon?

While Cutoshi may not be able to achieve Binance and Solana’s growth anytime soon, the new meme coin entrant has the potential to do so with enough traction in the meme coin market. Its lucrative hybrid MemeFi platform is poised to serve as a magnet for risk-averse investors across retail and institutional levels.

For more information on the Cutoshi (CUTO) Presale: Website.

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