As Bitcoin and the entire cryptocurrency market hit fresh highs, a market correction erased some of the gains from the last few days.
This came amidst many YouTubers telling people to ‘go all in’ on crypto, including YouTubers Kyle Chasse, Connor Kelly, and The Moon.
However seasoned crypto investors know that buying the top is very risky, and the crypto fear and greed index was sitting at ‘Extreme Greed’. And former Binance CEO CZ reminded people a few days ago in a Tweet that:
“As #bitcoin make successive new all time highs, apply proper risk management. There will be many dips (and highs) in the future. Make sure you can handle them. Control your greed. Don’t put all your eggs in one basket. Ape slowly.”
At the same time, we know that people are continuing to buy into the Bitcoin Spot ETFs, as inflows reached record levels of 1.1B in a single day.
And we also know that even as the overall market went down yesterday, a project called Cutoshi is going from strength to strength, as it went viral on X yesterday.
So What Should Investors Take From This?
Holding a diverse portfolio is important, and seeing market dips as potential opportunities to buy in, and highs as a time to control your FOMO.
But there is one coin that defies this advice, in the sense that it just keeps going up, and will continue to do so as it is in presale currently – and that’s Cutoshi.
The project’s token, CUTO, was trending in both the USA on Twitter/X yesterday and is in stage 3 of a 10-stage presale.
With over 750k raised in less than a month, and a listing on CMC, (CoinMarketCap) the coin is up by around 70% since the presale began, and will keep rising throughout the 10 stages.
At this point, Cutoshi will exit the presale and launch on the open market. Given the hype around the coin, investors expect that the price will go up substantially, though as with any coin, this remains to be seen.
However, bullish points in favor of Cutoshi include the fact that not only was it trending in the US, but also worldwide.
And even more importantly, are the fundamentals of the coin.
What Is Cutoshi All About?
On the face of it, Cutoshi seems like another meme coin. And it is, as it is calling itself, ‘the luckiest meme coin on the blockchain’. The concept behind the meme comes from the Chinese Lucky Cat.
But there’s another side to this coin and project that the name gives us a clue about – fulfilling the teachings of Satoshi Nakamoto. (Satoshi/Cutoshi).
Namely – “decentralization, anonymity, and resistance to centralized financial control” leading to financial freedom.
Cutoshi wants to help realize this vision by building an appealing and fun DeFi ecosystem. At the core is the Cutoshi DEX – a place where users will be able to buy and sell crypto across multiple blockchains.
The Cutoshi DEX goes one step further than many other decentralized exchanges by allowing people to trade directly with other holders, but without any middlemen – P2P (peer-to-peer trading). This closely aligns the project with Satoshi’s teachings, providing anonymity and decentralization.
The $CUTO token will be used within the ecosystem, including for discounts on purchases in their learning academy (an important step in bringing new people into DeFi), merch shop and more, giving it real-world use cases.
There are other good features in the tokenomics and roadmap such as the buyback and burn system, used by coins to keep prices moving upwards, such as BNB and Shiba Inu.
As always, do your own research and take a look at the project’s whitepaper if you want to know more.
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
Source: https://bravenewcoin.com/insights/amid-market-uncertainty-cutoshi-shines-cuto-trending-top-3-worldwide