The crypto market is witnessing two contrasting events.
On one hand, Ethereum is struggling with a drop in new users and staking rewards. On the other hand, a new project, Cutoshi, has emerged as one of the most profitable cryptocurrencies in 2024.
Unlike other meme coins, Cutoshi isn’t just looking to capitalize on trends and hype; it aims to fundamentally change the memeFi landscape with its utility. Moreover, its commitment to inclusivity will offer an accessible DeFi experience, inspired by the Chinese Lucky Cat and the teachings of Bitcoin founder, Satoshi Nakamoto.
Ethereum Sees Increased Development Activity, Falling Prices
The Ethereum ecosystem has been witnessing both positive and negative trends. According to Santiment, the development activity on the Ethereum blockchain is rising. It is now higher than that of BNB and Polygon.
However, other metrics don’t look good for ETH. The network has been unable to attract new investors. As per data, the number of new addresses has increased by only 0.24% in the last 24 hours, indicating a lower activity and demand on the Ethereum blockchain.
This has negatively affected the Ethereum network’s average staker revenue. Recently, market expert, Kyle Doops, noted that the average staker revenue of Ethereum has dropped to the lowest in six months.
Additionally, the market value of an ETH token has fallen by 10% in the past week. Its current trading price has come down to $2,392.
Cutoshi Goes Big In Presale Stage 1
The Chinese Lucky Cat is traditionally known for bringing good fortune, and wealth. Cutoshi is introducing the powers of luck to the blockchain by helping investors maximize their profits by getting in early during CUTO’s presale.
CUTO is a meme coin that aims to disrupt the DeFi landscape. 6 out of 10 new investors consider adding meme coins to their portfolios. Thus, by combining the appeal of a meme coin with the utility and functionality of a DeFi ecosystem, CUTO plans to attract both meme coin traders, and the DeFi community.
But what adds utility to this meme coin? The answer lies in its multi-chain DEX. It provides users with a seamless and secure platform to swap assets across different blockchains. Through the Cutoshi Academy, users can enhance their knowledge about DeFi. Cutoshi Farming will enable them to participate in quests and challenges, and earn rewards.
Most well-known crypto projects have a native token to support transactions within their ecosystem. In the case of Cutoshi, it is CUTO.
Unlike ETH, CUTO doesn’t have an unlimited supply, thereby maintaining the scarcity of the token in the market.
Moreover, the platform has also planned to employ a buy-and-burn protocol. It will create extra scarcity of the token, potentially increasing its value.
Users can get CUTO tokens by buying it, or actively participating in activities on the platform. Meanwhile, the presale of CUTO tokens has begun, and is currently in its first stage, trading at $0.015. Experts predict its value will grow 100 times soon.
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