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Savvy DeFi traders are eyeing Cutoshi, a new pre-sale memecoin, which is attracting the attention of Shiba Inu and Toncoin investors.
Savvy DeFi market traders and investors are starting to pay attention to a new meme coin project that is making waves in the pre-sale market. With a MemeFi initiative, this new token, Cutoshi (CUTO)is set to attract the attention of institutional investors with its focus on core DeFi practices.
While experts predict a progressive growth of this meme currency, large investors of Shiba Inu (SHIB) and Toncoin (TON) The network is starting to take notice. Some are already investing in the token in its ongoing pre-sale.
Cutoshi is a memefi token with a DeFi-based ecosystem
Cutoshi is a pre-sale cryptocurrency that is currently attracting attention due to its unique application in both the DeFi and memecoin markets. 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 defends DeFi values such as decentralization, monetary freedom, and privacy.
At its core, this MemeFi platform offers a decentralized exchange (DEX) that allows users to quickly buy and trade 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% will follow a buy and burn mechanism, further increasing the demand and value of CUTO tokens.
Its native token is already selling at a wide price of $0.015 in its first pre-sale stage. However, with analysts predicting 100x growth for this meme coin, cutoshi is set to compete with companies like Dogecoin (DOGE) and Shiba Inu, whose networks have no significant utility.
Toncoin Price Shows Signs of Revival Above Its Lasting Drop Below $6
At times, at the end of August, the price of Toncoin fell below $6 and has not significantly surpassed this mark since. Although the token made an impressive price move to $5.8 in mid-September, it has suffered another drop to lower levels.
However, considering its trajectory over the past month, TON price seems to be consolidating and preparing to surpass its crucial $6 mark.
In the wake of the upcoming bull run, Toncoin price is about to surpass this price mark and eventually reach its high price of the year of $8.1. Overall, Toncoin price is expected to generate more momentum due to increasing network activity, which has just increased by 27.54%, according to CoinMarketCap data.
Shiba Inu Token Maintains Positive Sentiment Despite Previous Drop
In the last week of September, Shiba Inu had a dramatic surge that raised the price of SHIB by over 80% to a brief peak of $0.00002132. However, with a drastic drop below $0.000018, the native SHIB token lost momentum and was only able to exit the month of September with just a 24% gain.
As the Shiba Inu price attempts to reach its previous highs, the canine-themed token is now up a more than 8% in the last week, fighting bearish pressure along the way. While most SHIB token holders remain optimistic, some investors are diversifying into other meme stablecoin alternatives like Cutoshi.
Can Cutoshi surpass Shiba Inu this fourth quarter?
As a MemeFi-based platform with broad DeFi market attributes, Cutoshi has a better chance of making unpredictable gains in this fourth quarter than Shiba Inu. Cutoshi, being a pre-sale memecoin, also has a very important role to play in your progress against Shiba Inu.
For more information, visit the CUTO official website or join the community at unknown and Telegram.
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