As the entire cryptocurrency market cap goes above $3 trillion, with $BTC up by 17% in the last week, another token and project is rapidly growing in popularity – $CUTO.
Cutoshi Trending On X
Cutoshi, a memeFi project still in the presale phase, went viral on X earlier this week, reaching the top trending spot in both the US and Worldwide. As the hype grew, this attracted many new people to the presale, which then raised over $100,000 in 24 hours. The total raised amount is now sitting at $853,000, with the current presale stage over 27% sold out in just a few days.
At this rate, it won’t be long until the memeFi project hits $1 million, demonstrating just how bullish investors are about the innovative project.
This is exciting because, while other coins are also mooning, Cutoshi is up by 72% over the last month. And as CUTO is currently being sold at a discounted price of $0.0259, this means the market cap of the project is just $11 million.
If we compare that to the most recent viral sensation, Peanut the Squirrel, up by over 3000% in the last month, we can see that the opportunity for $PNUT has probably passed already. This is because the market cap of PNUT stands at almost $2 billion dollars, meaning that the potential for future growth is limited.
Investors looking for the next token to give exponential growth need to be looking at projects like Cutoshi.
What’s All The Hype About?
While PNUT is just another meme coin, likely to fade quickly into oblivion, Cutoshi combines memes with serious DeFi utility.
Cutoshi’s memeability can propel it into the mainstream. It’s based on the adorable Lucky Chinese Waving Cat, often seen in Asian homes and businesses. The DeFi ecosystem being built around it can potentially make this a project that endures the test of time, for long-term growth and appreciation.
The Cutoshi ecosystem comprises a decentralized exchange that works across multiple blockchains. The idea is to make it easy for users to trade crypto, without worrying about unsafe bridges or complicated processes. The team is also keen to highlight the upcoming Cutoshi Learning Academy, as they see this is vital for bringing more people into DeFi.
They also want to introduce people to the concept of token farming, through interactive quests and a leaderboard to encourage healthy competition. This rewards users with $CUTO airdrops, and later by providing opportunities to provide liquidity and other more advanced tasks.
Utility-based NFTs and a merch shop are other things mentioned on the project’s roadmap and whitepaper.
When moon?
Although no one knows for sure what the future brings with crypto, especially early-stage projects, one thing is clear: the numbers show that Cutoshi has room to grow big. And if the recent viral momentum is anything to go by, it could grow fast as well.
The next raise milestone of $1,000,000 is expected to be achieved very soon, and the price of the token will go up at the end of this round of presale. With 7 more stages after that, the price of $CUTO should keep on rising.
If Cutoshi’s viral success can continue, this could be the time when the Chinese Lucky Cat goes to space.
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
