Last week, Bitcoin (BTC) fell a few hundred dollars short of the legendary $100,000 mark and as selling pressure intensified, a pullback followed shortly after. However, institutional interest continues to rise, a spot BTC ETF inflows are recording record numbers.
Meanwhile, Cutoshi is carving out its own niche in the meme coin space thanks to its state-of-the-art DeFi platform. Over $1 million has been raised in record time during the ongoing presale of the $CUTO token.
Bitcoin Is In The Middle Of A Correction, But Sentiment Is Overwhelmingly Bullish.
Bitcoin’s legendary run from $70 to an all-time high of $99,655 took just a few weeks to unfold. As the entire crypto world held its breath, Bitcoin began showing signs of weakness as a mammoth sell wall at $100k barred it from reaching the promised land. Bitcoin has been on a mini-downtrend since, as it retraced most of its weekly gains.
Today, Bitcoin (BTC) sells for $93,490 with a slight 1.5% rebound from the lows. Trading volume has taken a 20% hit. Bitcoin started cooling off, with about $77.3 billion worth of BTC traded on exchanges. In the grand scheme of things, this pullback seems like nothing but a blip on the radar, as Bitcoin’s bullish price structure is intact on the macro level. Historically, December has almost always been a green month for Bitcoin, meaning that before the end of the year, the prayers of BTC holders could be answered.
Enterprises are taking advantage of this dip as Bitcoin ETFs have hit a record $3.1 billion in weekly inflows between the 18th and 22nd of November. This signals growing enthusiasm among institutional and retail investors, suggesting that a successful run to the coveted $100k level is just a matter of time.
As Bitcoin continues to make headlines, Cutoshi is also enjoying its fair share of attention, as it’s set to explode in value in 2025 once the presale wraps up.
Cutoshi Is Taking The Meme Coin Market By Storm
When it comes to meme coins, utility usually takes the backseat, as their main driver of growth is hype. However, time has shown that this is not a sustainable model as investors tend to hop from one trend to the next, leaving a trail of defunct meme coins on their path.
Cutoshi is built with longevity in mind. That’s why, behind the cartoonish surface, it boasts a state-of-the-art DeFi ecosystem that could rival established protocols such as Uniswap or Pancake Swap. Through the CUTO DEX non-custodial exchange, users will be able to perform lightning-fast transactions across a multitude of blockchains with fees as low as 0.25%.
The mythical Japanese Lucky Cats are said to bring good fortune to the business and Cutoshi aims to do the exact same for its rapidly growing community through its intriguing reward system.
The Cutoshi Farming initiative will bring substantial monetary incentives to users who actively engage with Cutoshi’s ecosystem. By completing fun missions and tasks, they will receive CUTO points that can be redeemed for $CUTO once the token hits the markets. Just the other day, Cutoshi launched a meme contest with a prize pool of $2,000 up for grabs. Those who want to learn more are invited to head over to Cutoshi’s X account and share their best memes for the chance to win an early Christmas present!
Right now, stage 3 of the $CUTO presale is 84% sold out and demand is not slowing down. Tokens sell for just $0.0259, which is the perfect entry point for those who want to join the utility-driven meme coin revolution spearheaded by Cutoshi.
For more information on the Cutoshi (CUTO) Presale:
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.
Source: https://bravenewcoin.com/insights/bitcoin-price-prediction-institutional-investors-pile-in-where-next-for-btc-and-this-new-defi-token