As people celebrated Thanksgiving, viral sensation Cutoshi was one of the topics of conversation around the dinner table, or so it seems, given the uptick in fundraising overnight. The project is now just 7% away from going up in price. Here’s more about the project and what could happen next.
What Is Cutoshi And Why Is It Going Up?
Although the coin has been trending on X, it’s still very new. So new, in fact, that it’s in the presale.
So for those who aren’t yet in the know, CUTO, the coin of Cutoshi, is a meme coin and a DeFi ecosystem in the making. There’s an upcoming cross-chain DEX, a DeFi education academy, NFTs with utility, staking and farming options and more. But all in an easy way.
Memes can make millions and attract both old and new into crypto, with the entire meme coin industry worth $117B, up from $23B 1 year ago.
Chart from CoinMarketCap
And data from Kaito AI revealed that earlier this month, meme coins took around 24% of investors’ attention, with one in four crypto enthusiasts on X talking about them.
But many meme coins are fleeting, or don’t make it, so that’s why the DeFi element of Cutoshi make it much more appealing. And according to an article by Cryptoslate, “Tokens related to oracles, DEXs for perpetual trading, centralized exchanges and general DeFi applications also beat the market’s average performance”.
When considering all that, Cutoshi’s hybrid approach and trending appeal make sense.
Cutoshi Price Prediction For November
The project has raised $1.2M in funding and is in the third stage of presale – currently at 95% sold out, up from around 85% yesterday morning.
Assuming that the presale can raise enough funding to close the round before the end of the month, it will go up in price.
The team hasn’t laid out the exact pricing structure, but we know that the coin started the presale at $0.015, went up to $0.022 and is now on sale at $0.0259. This represents a 72% gain from the starting price.
If the price were to jump by another 72% then that would put CUTO at $0.0445. However, it’s more likely that this price will come later in future rounds of the presale.
If the next leg up sits at the nice round number of $0.03, then that’s a 15% gain from today’s price and with another 6 more stages for the price to continue to rise.
Or if the team follows the current pricing increase model, it could be worth $0.0331, which would be a 27% increase from the current price and up 120% from the price a month ago – a good return for a few days of investment.
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
