This new meme coin and Dogecoin's new rival has attracted the attention of crypto whales It offers a community-driven ecosystem, a decentralised exchange, and income opportunities through its farming mechanism. With its ongoing presale, Cutoshi is positioned for potential significant growth, possibly surpassing Dogecoin by 2030
The meme coin market has always been a spectacle in the crypto space. Their volatile nature, huge cultural sensation, and institutional interest have set them apart as favourable investment choices.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} While Dogecoin (DOGE) has been one of the most valued meme coin assets for years, several new meme coins have emerged with the potential to surpass DOGE, but none have. However, a new meme coin called Cutoshi (CUTO) is proving to be a stronger rival for Dogecoin. With a centred focus on top DeFi practices, Cutoshi is taking the hybrid route to meme coin stardom.
Cutoshi pushes decentralisation to the limit, attracting major whale interest
The meme coin market is buzzing with excitement as more meme coins with innovative features launch on the blockchain. Ranking in this category is Cutoshi (CUTO), a new meme coin gem inspired by the ideals of Satoshi Nakamoto, which directly focuses on decentralisation, monetary freedom, and privacy.
With its logo, Cutoshi also attributes its origin to the Chinese Lucky Cat—a popular cat known to invite good luck, wealth, and progress. With a positive outlook like this and an hybrid approach involving the volatile nature of the meme coin market and the lucrative potential of the DeFi market, whale investors are beginning to flood Cutoshi’s ongoing presale.
Interestingly, Cutoshi’s main allure lies within its ecosystem. Beyond its community-driven nature, where users have full control and decision-making power, Cutoshi’s DeFi Hub houses a decentralised exchange that allows crypto swaps across multiple chains. Additionally, Cutoshi opens up a path for users to earn on its platform by participating in challenges and quests in a farming mechanism.
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Meanwhile, the native $CUTO token serves as the primary medium of exchange within the ecosystem. Besides facilitating transactions and reward distribution, the CUTO token also doubles as the governing token, empowering token holders to participate in decision-making processes. With a current price of $0.015 in the initial stage of its presale, market analysts are projecting a 100x rally post-launch.
Dogecoin (DOGE) readies for take off despite slight decline market cap
After securing over 88% gains from this time last year till now, Dogecoin (DOGE) token has successfully marked a strong spot in the list of top 10 altcoins by market capitalisation. As the DOGE token navigates the bearish pressure that came after its yearly peak of $0.22, investors are watchful as the token recently made a reversing move.
Notably, Dogecoin recently registered a 1.66% decline in its market cap and nearly 7% reduction in network activity. Regardless, the canine-themed meme coin completed a noticeable 19% price increase in the past month to finalise Q3. This positive outlook has raised speculations about a similar trend for the native DOGE token throughout Q4.
Is Cutoshi capable of surpassing dogecoin before 2030?
Even though Dogecoin has built up a massive market cap above $17 billion, the meme coin poses little to no utility in the crypto space. However, Cutoshi is not just a meme coin, it has a serious utility nature set to be utilised maximally in the DeFi space. This alone boosts Cutoshi’s potential of surpassing Dogecoin before 2030.
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
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This story originally appeared on: India Times - Author:Faqs of Insurances