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Savvy DeFi traders are considering Cutoshi, a new presale memecoin, attracting the attention of Shiba Inu and Toncoin investors.
Savvy DeFi market traders and investors are starting to take interest in a new coin project that is making waves in the pre-sale market. Through a MemeFi initiative, this new token, Cutoshi (CUTO), is poised to turn the heads of institutional investors by focusing on core DeFi practices.
As experts predict gradual growth for this meme coin, large investors in the Shiba Inu (SHIB) and Toncoin (TON) networks are starting to take notice. Some are already investing in the token during its ongoing presale.
Cutoshi is a memefi token with a DeFi-based ecosystem
Cutoshi is a pre-sale cryptocurrency that is currently raising eyebrows due to its unique application in the DeFi and memecoin market. Inspired by the lucky cats of Chinese and Japanese legends, Cutoshi is designed to bring prosperity, wealth and progress to the blockchain space. Additionally, Cutoshi champions DeFi values such as decentralization, monetary freedom, and privacy.
At its core, this MemeFi platform offers a decentralized exchange (DEX) that allows users to quickly buy and trade cryptocurrencies on military blockchains, with low fees. There is also a farming mechanic allowing users to complete tasks and quests to earn additional CUTO tokens.
As a DeFi hub, Cutoshi also simplifies DeFi for newcomers by teaching essential skills such as asset management, trading, and other DeFi knowledge in its Learning Academy. Cutoshi has allocated over 80% of its 440 million token supply to reward users, while 7% has been set to follow a buy and burn mechanism, which will further increase the demand and value of the tokens CUTO.
Its native token is already selling at a high price of $0.015 in its first presale stage. However, with analysts predicting 100x growth for this coin, Cutoshi is poised to take on the likes of Dogecoin (DOGE) and Shiba Inu, whose networks have no significant utility.
Toncoin price shows signs of recovery above its sustained decline below $6
At times, at the end of August, the price of Toncoin fell below $6 and since then has not exceeded this mark. Although the token’s price rose impressively to $5.8 in mid-September, it suffered another crash to lower levels.
However, considering its trajectory over the past month, TON price appears to be consolidating and preparing to surpass the crucial $6 mark.
Following the next bull run, Toncoin price is poised to surpass this price mark and possibly reach its all-time high price of the year at $8.1. Overall, the price of Toncoin is expected to gain further momentum thanks to the growing activity of its network which has just climbed by 27.54%, according to data from CoinMarketCap.
Shiba Inu Token Maintains Positive Sentiment Despite Previous Decline
During the last week of September, Shiba Inu saw a dramatic rally that caused the price of SHIB to increase by over 80% to reach a brief high at $0.00002132. However, with a drastic drop below $0.000018, the native SHIB token lost momentum and was only able to exit September with a gain of just 24%.
As Shiba Inu price attempts to reach its previous highs, the canine-themed token has now risen by over 8% over the past week, fighting off bearish pressure along the way. While most SHIB token holders remain optimistic, some investors are diversifying with other stable alternatives to meme coins like Cutoshi.
Can Cutoshi surpass Shiba Inu this fourth quarter?
As a MemeFi-based platform with many attributes of the DeFi market, Cutoshi is more likely to make unpredictable gains during this fourth quarter than Shiba Inu. Cutoshi, being a pre-sale memecoin, also has a huge role to play in its progress against Shiba Inu.
For more information, visit the official CUTO website or join the community at X and telegram.
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