The crypto market is witnessing two contrasting events.
On the one hand, Ethereum is struggling with a drop in the number of new users and rewards staked. On the other hand, a new project, Cutoshihas become one of the most profitable cryptocurrencies in 2024.
Unlike other meme pieces, Cutoshi doesn’t just seek to capitalize on trends and hype; it aims to fundamentally change the memeFi landscape with its utility. Additionally, its commitment to inclusiveness will provide an accessible DeFi experience, inspired by the Chinese lucky cat and the teachings of Bitcoin founder Satoshi Nakamoto.
Ethereum Sees Increased Development Activity and Price Drop
The Ethereum ecosystem has witnessed both positive and negative trends. According to Santiment, development activity on the Ethereum blockchain is increasing. It is now higher than that of BNB and Polygon.
However, other metrics do not look good for ETH. The network failed to attract new investors. According to the data, the number of new addresses increased by only 0.24% in the last 24 hours, indicating less activity and demand on the Ethereum blockchain.
This has had a negative impact on the average income of stakers on the Ethereum network. Recently, market expert Kyle Doops noted that the average earnings of Ethereum stakers had fallen to the lowest in six months.
Additionally, the market value of an ETH token has fallen by 10% over the past week. Its current price has fallen to $2,392.
Cutoshi Goes Big in First Pre-Sale Stage
The Chinese lucky cat is traditionally known to bring luck and wealth. Cutoshi brings the powers of luck to blockchain by helping investors maximize their profits by registering early during the CUTO presale.
CUTO is a meme coin that aims to disrupt the DeFi landscape. 6 out of 10 new investors are considering adding meme coins to their portfolio. So, 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 piece? The answer lies in its multi-chain DEX. It provides users with a transparent and secure platform to exchange assets between different blockchains. Through the Cutoshi Academy, users can improve their knowledge of DeFi. Cutoshi Farming will allow them to participate in quests and challenges, and earn rewards.
Most of the best-known crypto projects have a native token to support transactions within their ecosystem. In Cutoshi’s case, it is CUTO.
Unlike ETH, CUTO does not have an unlimited supply, which maintains the scarcity of the token in the market.
Additionally, the platform also plans to use a buy and burn protocol. This will create additional scarcity of the token, potentially increasing its value.
Users can obtain CUTO tokens by purchasing them or actively participating in activities on the platform. Meanwhile, the CUTO token presale has begun and is currently in its first stage, trading at $0.015. Experts predict that its value will soon increase 100-fold.
For more information on the Cutoshi (CUTO) presale:
https://cutoshi.com/
Join and become a member of the community:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
