Staunch crypto supporter Donald Trump has won the presidency, and the crypto community is galvanized. During election night, Bitcoin surged to a new all-time high, foreshadowing the start of renewed bullish momentum.
Meanwhile, newcomer Cutoshi which is already making waves during its viral presale, could soon follow suit thanks to its unique blend of meme coin energy and DeFi utility. Let’s find out more.
Bitcoin Retraces, But Support Looks Rock-Solid
Over the last 24 hours, Bitcoin reached a new peak of $75,300 as the hype around the long-anticipated US election grew exponentially. As traders and investors began making profit, Bitcoin experienced a slight drop and has now settled around the $74 mark with a 6.8% daily increase. In addition to this, Bitcoin experienced the highest volume spike in months, with a 160% surge and over $108 billion worth of BTC traded over the last 24 hours.
As Bitcoin appears ready to enter a new ascending channel, talks about potential $100,000 have started again on social media. Experts speculate that Trump’s victory should prompt regulatory bodies to ease off the gas on their anti-crypto crusade, which could be the final catalyst needed for the next legendary Bitcoin bull run.
How Cutoshi Rewrites The Meme Coin Playbook
Meme Coins have one major drawback. Most of them offer no real utility aside from being virality-driven speculative assets. Cutoshi sets itself apart from the competition by introducing an entire DeFi ecosystem that not only allows for seamless cross-chain transactions but will also reward holders of the $CUTO token with a revolutionary farming mechanism.
At the heart of the ecosystem is CUTO DEX, a decentralized exchange that bridges the gap between isolated blockchains, allowing for lightning-fast swaps. The $CUTO token is deflationary by design, meaning that regular burns will create a series of supply shocks that will prime the token for sustainable, long-term growth.
Cutoshi is inspired by the Lucky Cat, said to bring prosperity and wealth to businesses and Cutoshi seeks to do exactly the same for its rapidly growing community.
During and after the presale, users will be able to complete various quests and tasks aimed at boosting Cutoshi’s online presence. For their efforts, they will receive cutopoints that can be later redeemed for more $CUTO tokens.
Stage 2 of the $CUTO presale is wrapping up and tokens are on sale for just $0.022. So far, more than $700,000 has been raised in funds; this number is expected to reach millions of dollars. Once $CUTO is unleashed on the markets, it could potentially experience a gigantic post-launch rally, eclipsing the rise of many other major memes.
For more information on the Cutoshi (CUTO) Presale:
https://cutoshi.com/
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
