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While Ethereum regains momentum, savvy investors are eyeing Cutoshi, a meme-inspired DeFi protocol in presale, as the next big performer.
After months of underwhelming price action, Ethereum (ETH) is finally showing strength again. Millionaire investors, however, are on the lookout for the next big play that could yield legendary 100x multipliers.
One such project could be Cutoshi, a unique cross-chain DeFi protocol that leverages meme culture and is capturing the attention of crypto beginners and veterans alike. Inspired by the Chinese lucky cat, Cutoshi looks to bring greater utility to the memecoin ecosystem and is quickly building momentum during its presale.
Can Ethereum rally in Q4?
After weeks of trading below $2,500, Ethereum has finally broken out of the narrow channel. Today, Ethereum sells for $2,644, with a 14.6% weekly increase and nearly $16.5 billion in trading volume.
Analysts expect further upward action in the upcoming weeks, with $3,000 being the next big target for Ethereum. On-chain analysis shows a surge in long positions, indicating rising demand for Ethereum, supported by a strong bullish sentiment.
Ethereum network activity has also been on the rise, with dApps usage showing a notable uptick and total value locked (TVL) seeing roughly a $5 billion increase, now amounting to $49.65 billion.
On the other hand, flows into Ethereum Investment products such as ETFs have been slowing down, with net outflows being recorded for five consecutive weeks.
Cutoshi is bringing utility to memes
Memecoins are mostly driven by hype, and once the hype dies down and prices plummet, most never recover. The problem? They lack substance and real utility to thrive long term.
Cutoshi solves this by bridging the gap between meme virality and utility with its community-backed DeFi platform.
Cutoshi focuses on decentralization and privacy and has a very simple goal: to bring good fortune to its community. The project draws inspiration from the traditional Chinese Lucky Cat that brings prosperity to businesses.
At the center of Cutoshi’s ecosystem is CUTO DEX, a cutting-edge decentralized exchange that brings together all blockchains and allows users to seamlessly swap between them at the lowest possible price.
To keep the community motivated and engaged, Cutoshi has implemented a unique rewards system nicknamed Cuto Farm. Users will reap monetary prizes by staking CUTO, providing liquidity, or completing missions and tasks aimed at maximizing Cutoshi’s presence in space. NFTs and merchandise will also soon be available, with the goal of spreading Cutoshi’s message both in the real world and on the blockchain.
The ecosystem also offers an educational platform known as the Cuto Academy. New investors will have the opportunity to learn more about DeFi, how to navigate the vast crypto universe, and how to build a profitable portfolio. This is designed to close the gap between DeFi and TradFi, helping to attract new investors to the decentralized ecosystem.
The first stage of the CUTO presale is live and the token sells for $0.015. Once Cutoshi hits the markets, analysts expect a 10,000% rally by the end of the year.
For more information on the Cutoshi (CUTO) presale, visit the website: https://cutoshi.com/
Join and become a community member: https://twitter.com/CutoshiToken, https://t.me/cutoshi
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Source: https://crypto.news/trending-utility-tokens-eth-cutoshi-tipped-for-huge-growth-by-crypto-experts/