Over the last year, Pepe (PEPE) and Bonk (BONK) have led the meme coin charge, with both projects experiencing significant growth. As their momentum slowed down, however, investors have started looking into cryptocurrencies with untapped potential, such as Cutoshi.
Cutoshi is a newcomer to the meme coin market and could revolutionize the entire space with its innovative framework. Analysts are tipping it as the next 50x altcoin.
Pepe Consolidates Higher, But It’s Still Ranging
Pepe (PEPE) is still struggling to regain its footing, as it saw more than 50% of its value wiped out after peaking at $0.0000167 in May. Today, Pepe sells for $0.000008 with an 11% weekly increase. Pepe has been ranging around this mark for the past two months, with the PEPE price moving between $0.000007 and $0.000008.
With meme coins being ever-volatile, Pepe seems ready for a breakout, although it’s still too early to say. Analysts are definitely bullish on Pepe, citing the recent BTC surge and broader macroeconomic factors that could prove beneficial for the crypto market as a whole.
Bonk (BONK) Continues To Stall
Bonk (BONK) has produced more than a few millionaires during its 2024 rally, even though the market-wide downturn of the past few months took the best of Bonk. Currently, Bonk is priced at $0.000017, a 7.8% increase over the last week. However, Bonk has taken a hit in terms of volume over the last 24 hours, showing a 24% decrease with $76.9 million traded.
Bonk recently announced the launch of a BONK Exchange Traded Product (ETP) in the United States. Bonk is the first meme coin to attempt such a feat, and if it’s successful it could pave the way for the first meme ETF.
Cutoshi Is Bringing Luck To The Blockchain
Meme coins are famous for their virality and hype-driven explosive growth. Cutoshi wants to change the stereotype and set itself apart from the competition by bringing real utility. Cutoshidraws inspiration from the Chinese Lucky Cat that brings good fortune to businesses.
Cutoshi’s DeFi platform, $CUTO DEX, allows for cross-chain swaps, greatly reducing waiting times and fees, for a frictionless trading experience. Cutoshi’s main focuses are privacy and decentralization, and it’s committed to uphold these foundational principles of crypto philosophy.
Moreover, Cutoshi wants its community to thrive, and with the Cuto Farm initiative, users will be able to earn an income through various activities. They can stake the $CUTO token, provide liquidity, and even complete various quests and missions to earn points which can be then redeemed for additional tokens.
One of Cutoshi’s most intriguing features is the Cuto Academy, a learning platform designed to help newcomers on their crypto journey and teach them the basics needed for building a profitable portfolio.
55% of the 55 million $CUTO token supply will be up for grabs during the presale. The rest will be spread across farming, marketing, and listing. In addition to this, 7% of the tokens will be removed from circulation, priming $CUTO for scarcity-driven growth.
The first stage of the presale is live, and $CUTO is priced at just $0.015. By bringing together DeFi and Memes, Cutoshi could revolutionize the meme coin landscape, and analysts believe that this is worth at least a 5,000% increase from here.
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
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2024/09/crypto-bulls-have-sights-set-on-the-next-memecoin-to-rival-pepe-coin-pepe-and-bonk-bonk