Analysts Excited As DeFi Coin Cutoshi Predicted To Replicate The Success Of Shiba Inu
The current market conditions are unpredictable. However, two meme coins – Shiba Inu and Cutoshi – are growing rapidly, while defying bearish conditions. Shiba Inu’s trade volume is increasing. Meanwhile, Cutoshi, a new project, has stolen the limelight. It is a meme coin that has convinced investors and experts with its real-world utility.
Experts and market bulls are confident about CUTO’s growth and profitability. This next Shiba Inu meme coin rival has quickly garnered popularity as a MemeFi coin, and is attracting investors across the globe.
Shiba Inu Surges On The Back Of K9 Finance Launch
Shiba Inu has been trading in the green zone for the past few weeks. Consequently, its market value has surged by more than 6% in the last month. At press time, you can buy a SHIB token for $0.000014.
A major reason behind its latest price surge is the rise in trading volume. The data from CoinGlass revealed that the meme coin’s derivatives trading volume had doubled within 24-hours.
The surge is due to an upcoming launch of a liquid staking platform, K9 Finance, on the Shibarium network. K9 Finance will enable users to engage in liquid staking of Bone ShibaSwap, which is a notable token within the Shiba Inu ecosystem.
According to Shiba Inu, the launch of K9 Finance can increase both the transaction volume, and total value locked (TVL) on the network.
Meanwhile, analysts have observed increased whale activity in the Shiba Inu network, which can further support the positive price movement of SHIB tokens.
Cutoshi Presale Brings Bull Run To The Market
Cutoshi merges the fun of meme coins with the revolutionary ideals of Satoshi Nakamoto, the creator of Bitcoin. It’s a hot new utility meme coin built on the foundations of decentralization, aiming to empower individuals in the world of DeFi. The ten biggest meme coins account for about 90% of the entire meme coin market cap, and CUTO is ready to make this list in 2024.
Its USP lies in the multi-chain decentralized exchange (DEX), which is a flexible platform for easy asset swaps across different blockchains. It offers NFTs, which are unique digital collectibles that enhance the project’s excitement and value.
Cutoshi thinks about a broader picture; thus, it is not limited to financial goals. Rather, it recognizes the importance of community. It will launch the Cutoshi Academy, where users can learn and enhance their understanding of DeFi.
A gamified element in the project’s ecosystem is the Cutoshi Farming. It will allow users to participate in the platform’s activities, and earn rewards. This will make DeFi education engaging, and adventurous.
The CUTO token is the native cryptocurrency of the ecosystem. It will fuel the project’s ecosystem by facilitating transactions, and educational initiatives on the platform.
The platform has planned to incorporate a deflationary buy-and-burn mechanism.
The presale of CUTO is live. Currently, it’s in the first stage, and early investors can book a token at just $0.015. According to market analysts, the project’s value can grow by 100 times soon.
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