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Cryptocurrency News Articles

Bitcoin (BTC) Still Reigns Supreme, But Sui and Cutoshi Emerge as Potential Outperformers

Oct 26, 2024 at 04:32 pm

Bitcoin (BTC) is still the king of crypto, and by the looks of its reign will continue for many years to come. However, two new contenders are emerging that could vastly outperform its future gains.

Bitcoin (BTC) Still Reigns Supreme, But Sui and Cutoshi Emerge as Potential Outperformers

Bitcoin (BTC) still reigns supreme in the crypto realm, but two promising contenders are poised to outshine BTC’s future gains. Sui, a Layer 1 blockchain, and Cutoshi, a DeFi platform, are captivating investors with their innovative offerings.

Institutions Flock to Bitcoin

Bitcoin (BTC) price remained largely range-bound throughout 2024, with bulls and bears engaging in a tug-of-war that ultimately favored the bears. BTC price largely consolidated throughout the year.

However, on the institutional front, the demand for Bitcoin has been on the rise. According to data from Coinglass, over four weeks between September and October, Bitcoin spot ETFs experienced total net inflows of over $1.86 billion.

At press time, Bitcoin trades at $65,538 with a 2.7% intraday decrease and a slight 7.8% decline in 24-hour volume, with about $30 billion worth of BTC having been traded.

Sui Retests Higher Floor Successfully

Last week, Sui experienced a 6% decline, with the price dropping to $1.87. This marked the highest demand for Sui, and as buyers stepped in, the token price experienced a slight recovery. This new floor price formation indicates a bullish bias in Sui's price structure.

Currently, Sui is priced at $1.92 with little to no price movement over the last 24 hours. Recently, Sui also announced a partnership with ZettaBlock to integrate Google Cloud services into its ecosystem, expanding the broad range of services that Sui has to offer.

Cutoshi: Memes Meet DeFi in a New Way

Cutoshi is a new project that aims to redefine the concept of meme coins. However, beneath its cutesy and lighthearted facade lies a cutting-edge DeFi protocol that has captivated experts with its cross-chain capabilities.

Cutoshi's flagship offering is the CUTO DEX, which facilitates seamless swaps across all major blockchains at blazing-fast speeds and a minimal fee of 0.25%. Additionally, a buy-back and burn mechanism is in place, with recurring burns ensuring greater price stability for the $CUTO token as it paves the way for sustained growth.

Furthermore, token holders can generate passive income by staking $CUTO on the platform. But the rewards extend beyond staking. Through the Cutoshi Farming model, users will be engaged in completing various missions and tasks designed to enhance Cutoshi's online presence. These missions are not only enjoyable and engaging but also yield Cutopoints, which can be redeemed for additional $CUTO tokens.

Currently, in Stage 2 of the presale, early buyers have seen a 46% increase since the beginning of the presale, with Cuto being sold at $0.022. Thus far, over $500,000 has been raised in funds, and interest continues to grow exponentially. With its unique blend of meme energy and DeFi capabilities, Cuto is poised to rival major crypto coins in the coming months.

For more information on the Cutoshi (CUTO) Presale:

Cutoshi Website

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News source:www.cryptotimes.io

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