There is a growing interest in the meme coin market, and this can be attributed to different reasons. Notably, most meme coins, especially during presale, offer a low entry price which can lead to investors getting a huge return on investment (ROI). Another reason is the community culture, which has been found to create a strong bond among a global audience.
While the aforementioned is true for most meme coins, including Shiba Inu (SHIB), a new presale star, Cutoshi (CUTO) are set to further disrupt the meme coin market. Cutoshi seamlessly blends the community culture of meme coin with the lucrativeness of DeFi, this unique approach sets it apart from its peers and has drawn enormous interest to its presale.
Cutoshi Attracts Growing Interest With Hybrid Protocol
Cutoshi (CUTO) is introducing a new perspective to the meme coin market. Its ability to thrive in a diverse market is not only commendable but sets a new standard for other emerging meme coins. In order to add functionality to its ecosystem, Cutoshi embraces Satoshi Nakamoto’s Bitcoin core principles of decentralization, privacy and monetary freedom.
While these principles form its foundation, the Cutoshi ecosystem features DeFi elements, including a DEX platform, a staking protocol, and farming mechanism which offers users an extra layer of incentive. Cutoshi also draws inspiration from the Chinese Lucky Cat, thereby instilling the spirit of wealth, good luck and progress to its members as they maximize their holdings with the Cutoshi farming mechanisms.
These unique features have successfully pulled in over $550k for Cutoshi’s presale in just a few weeks. As holders expect $CUTO tokens to appreciate from its current price of $0.022 in the second stage of the presale. Technical indication suggests this uptrend can continue long after Cutoshi has listed to exchanges.
Shiba Inu Price Retraces To Find Support Amidst Month-Long Uptrend
Earlier in the month, Shiba Inu (SHIB) reached a monthly peak of $0.000021 from an entry price of $0.000014. However, unable to maintain a strong bullish momentum, SHIB price nosedived to a price level below $0.000015 before it subsequently picked up another bullish momentum as seen in the monthly chart below.
Source; CoinMarketCap
Although SHIB price maintains a generally bullish momentum in the past month, it has faced a noticeable fluctuation that has limited its progress. Despite making several attempts to cross the $0.000019 price level in the past week, SHIB price has further declined and is currently trading within a static weekly range around $0.000017.
Meanwhile, SHIB token’s 21% gain in the past month has further contributed to its yearly price outlook. While it is still undergoing a broader recovery following a noticeable decline from its year-to-date peak price of $0.000035, Shiba Inu token has managed to retain roughly 140% gain in the past year.
Can Cutoshi Outshine Shiba Inu And Deliver Far More Return To Early Backers?
Cutoshi picks up from where Shiba Inu and other meme coins stopped, which is a simple way to explain the innovation behind these two meme coins. Shiba Inu essentially thrives on sensationalism as it lacks native utility functionality. Cutoshi, on the other hand, solves this problem by integrating DeFi solutions.
As such, Cutoshi leverages meme coin’s community culture to pull a wider audience just like Shiba Inu, although Cutoshu offers DeFi features to ensure continuous engagement. This hybrid approach can give Cutoshi an edge over Shiba Inu and other meme coins that lack real utility.
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
