DeFi traders are turning their attention to Cutoshi, a new memecoin in presale, drawing interest from Shiba Inu and Toncoin investors.
Investors in the DeFi market are taking notice of Cutoshi (CUTO), a groundbreaking meme coin project currently generating excitement in the presale market. This innovative token focuses on core DeFi practices while leveraging a MemeFi initiative, seeking to capture the interest of institutional investors.
Market experts anticipate significant growth for Cutoshi, as investors from the Shiba Inu (SHIB) and Toncoin (TON) networks begin to participate in its ongoing presale.
Cutoshi: A Memefi Token with a DeFi Ecosystem
Cutoshi is capturing attention as a presale cryptocurrency with a unique position in the DeFi and memecoin markets. Inspired by the legendary Lucky Cats from Chinese and Japanese folklore, Cutoshi aims to bring prosperity and progress to the blockchain space while promoting values such as decentralization and privacy.
The platform features a decentralized exchange (DEX) that allows users to efficiently buy and swap cryptocurrencies across multiple blockchains with low fees. Additionally, users can earn additional CUTO tokens through a farming mechanism that offers tasks and quests for participants.
Cutoshi also features a Learning Academy designed to educate newcomers on essential skills like asset management and trading within the DeFi space. With over 80% of its total supply of 440 million tokens allocated to rewards, and 7% dedicated to a buy-and-burn mechanism, the demand and value for CUTO tokens are projected to rise.
Currently, Cutoshi’s native token is priced at $0.015 in its initial presale stage. Analysts predict a potential growth of up to 100x for this meme coin, positioning Cutoshi to compete with established players like Dogecoin (DOGE) and Shiba Inu.
Toncoin Price Shows Signs of Recovery
After experiencing a dip below $6 in late August, Toncoin’s price struggled to recover. However, recent trends indicate that the token may be consolidating and preparing to surpass the critical $6 mark once again.
As the next bull run approaches, Toncoin is expected to regain momentum and potentially reach its peak price for the year, estimated at $8.1. The recent surge in network activity, which increased by 27.54%, further supports the bullish outlook for Toncoin.
Shiba Inu Maintains Positive Sentiment Despite Setbacks
Shiba Inu saw a dramatic price spike in late September, reaching a peak of $0.00002132 with an over 80% gain. Despite a subsequent decline to below $0.000018, the SHIB token managed to end September with a 24% gain.
In the meantime, Shiba Inu’s price has risen by more than 8% in the past week, as it attempts to reclaim its previous highs, despite facing bearish pressure. While many SHIB holders remain optimistic, some are diversifying their portfolios with stable meme coin alternatives like Cutoshi.
Could Cutoshi Surpass Shiba Inu This Q4?
As a MemeFi platform with robust DeFi attributes, Cutoshi appears well-positioned for unpredictable gains this Q4, potentially outpacing Shiba Inu. With its presale status, Cutoshi is poised to play a significant role in its competitive performance against the established meme coin.
