Crypto Whales Have Found The Next Ethereum Altcoin To Deliver Rapid Growth

Ethereum tokens have always been among the best-performing assets compared to those on other chains. This is especially true for memecoins, where Ethereum-based tokens still dominate. Currently, there is another utility-based memecoin on Ethereum, Cutoshi, that has huge potential. 

Ethereum Leads in Ecosystem Size

Ethereum (ETH) tokens have long been among the best performing ones. They have the advantage of being present on by far the largest chain when it comes to total value locked (TVL). Currently, Ethereum’s TVL is at $48.44 billion. Notably, this is bigger than that of all other chains combined. 

Tron, which is the second-largest chain by TVL, trails Ethereum by a lot, with just $7.89 billion. This huge ecosystem means that Ethereum dominates by the number of traders, investors, and projects. This gives all the tokens on its chain network effects, benefiting from its expansive ecosystem. 

For ETH, this large ecosystem is key when it comes to its price performance. With a $310 billion market cap, ETH is secure in its second place among all crypto assets. What is more, its performance has been strong this year. At a price of $2,583.22, ETH rose 62.97% over year over year. 

Ethereum Memecoins Continue to Dominate

When it comes to memecoins, Ethereum-based tokens also dominate. Among the top five memecoins, three are Ethereum-based. Dogecoin, which leads, has its own chain, and only Bonk is on Solana. Shiba Inu, Pepe, and DogWif are all on Ethereum. 

This is despite the fact that other chains, like Solanana, saw huge growth in memecoins recently. On Solana, there has been an explosion in the number of memecoins that launch. Because of how easy it is to launch, and the low fees on Solana, developers started dropping tokens left and right. 

However, these tokens have encountered issues. Because so many tokens launch on chains like Solana, their quality suffers. What is more, many of them are outright scams and rug pulls. For that reason, Ethereum memecoins continue to be the gold standard. Traders trust them, which is part of why a new token is doing so well. 

Cutoshi Set to Explode in its Presale

Cutoshi (CUTO) is an Ethereum memecoin that has been doing great recently. In just the first stage of its presale, the project sold $150,000 worth of tokens. One of the reasons for its strong growth is that investors trust it more as an Ethereum-based token. But that is not the whole story. 

This innovative project, which has the Chinese Lucky Cat as its mascot, is heavily focused on utility. Taking inspiration from Bitcoin creator Satoshi, it is working on building an entire digital ecosystem based on decentralization and freedom. 

The key to this is the Multichain Cutoshi Decentralized Exchange. The exchange will offer low fees of just $0.25 and enable users to trade without restrictions. The fees will go to liquidity providers, and 20% will go to token buybacks and burns. This way, it will support the price of Cutoshi, which will go up as mass adoption of the exchange takes hold. 

This focus on utility is an example of what typically sets Ethereum-based tokens apart from others. So join Cutoshi to become a part of the future of DeFi! Get your tokens soon, before the presale price increases! 

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

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.