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Cryptocurrency News Articles
Cutoshi (CUTO) Hybrid Protocol Hints Pepe-Like Success Amidst CMC Listing
Oct 21, 2024 at 11:14 am
Inspired by Satoshi Nakamoto's Bitcoin core principles, Cutoshi champions privacy, decentralization and monetary freedom.
As 2023 draws to a close, the hunt for the next groundbreaking cryptocurrency intensifies. Many savvy investors are turning their attention to emerging crypto projects, seeking the most lucrative opportunities.
Notably, those who made early investments in Pepe (PEPE) coin are drawing comparisons to rapidly growing stars like BlockDag (BDAG) and Cutoshi (CUTO).
Cutoshi, in particular, has been garnering immense attention in the presale market following its recent listing on CoinMarketCap. The crypto asset has been trending because of its innovative approach.
Cutoshi’s Hybrid Protocol Hints Pepe-Like Success Amidst CMC ListingInspired by Satoshi Nakamoto’s Bitcoin core principles, Cutoshi champions privacy, decentralization, and monetary freedom. As such, the Cutoshi ecosystem houses features like a DEX platform, a staking protocol, and a farming mechanism.
Participants can engage in community quests to earn complementary rewards like tokens, NFTs, and merch.
Another interesting aspect of the Cutoshi project is the cultural theme which is inspired by the popular Chinese Lucky Cat associated with good luck, progress, and wealth. Additionally, there is a learning academy dedicated to spreading DeFi knowledge.
These, coupled with a self-sustaining tokenomics, set the Cutoshi ecosystem apart from its peers. Speaking of which, the native $CUTO token powers up the entire operation within the ecosystem.
Meanwhile, it adopts a burning mechanism that depletes its token supply and boosts its value over time. While it currently sells for $0.022 in the second presale phase, the $CUTO token is drawing enormous attention.
BlockDag’s Mining Record Continues To Attract Growing InterestFollowing its recent milestone record where it recorded a revenue of over $5 million from the sales of 13,011 mining devices, BlockDag (BDAG) has secured more interest in the crypto market.
Now that it comes off as a promising project, market analysts are now drawing a comparison with Pepe coin’s early escapade in the meme coin market.
However, unlike Pepe coin with little or no intrinsic value, BlockDag network’s latest milestone further buttresses its commitment to democratizing the crypto mining process.
While it continues to pursue this fundamental goal, early adopters have been able to secure over 1900% increase in their holdings after BDAG price rose from an initial price of $0.001 to $0.0206.
Meanwhile, as the crypto market continues to embrace more eco-friendly and cost-effective mining processes, market analysts are predicting even more exponential growth for BDAG as it gains more adoption.
Pepe Coin Register Notable Monthly Gains Despite Recent ConsolidationPepe (PEPE) coin has made significant progress from its entry price point of $0.0000072 a month ago. Currently trading above the $0.000010 levels, PEPE price reflects over 43% increase in the past month as seen in the chart below.
However, PEPE coin also faces an extended consolidation below the $0.000011 resistance level.
Pepe coin price chart for the past 30 days. Source: CoinMarketCapWhile PEPE coin has made multiple attempts to break out of this crucial level, its failure to do so further reduces its chance to retest the levels above its 5-month ATH of $0.000017.
Regardless, PEPE holders are still very much optimistic, considering the frog-themed meme coin’s overall year-to-date price increase which currently exceeds 1,500%.
Furthermore, PEPE coin’s technical analysis, including 20, 50, and 200-day moving averages, points at a very strong bullish signal. This ultimately suggests that PEPE coin may witness an imminent upsurge that could send PEPE price above its YTD ATH levels.
Can Cutoshi Lead BlockDag And Pepe Coin In Innovation?While BlockDag stands out with its innovative mining solutions, Cutoshi is reshaping the meme coin by introducing functionality. This innovative focus set these two apart from Pepe Coin whose existence relies on sensationalism.
Furthermore, Cutoshi’s diverse market appeal gives it an edge over BlockDag and Pepe coin combined.
For more information on the Cutoshi (CUTO) Presale:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects.
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- The Social – Seminyak
- Oct 21, 2024 at 02:20 pm
- After a hiatus of more than a year occasioned by the COVID-19 pandemic, The Social – Bali’s most innovative, engaging, and fun-filled “watering-hole” has reopened in the heart of Seminyak to warmly welcome old and new friends to its new state-of-the-art sports bar, dining, and entertainment venue.
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- Crypto firm Ripple launches a stablecoin pegged to the US dollar, looking to disrupt a market dominated by Tether and USD Coin
- Oct 21, 2024 at 02:20 pm
- The venture marks a major milestone for Ripple, coming more than a year after a landmark win in a case against the Securities and Exchange Commission last year
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- SEC Approves Options Trading for Bitcoin ETFs, Reshaping Market Dynamics and Attracting Institutional Investors
- Oct 21, 2024 at 02:20 pm
- The cryptocurrency landscape is buzzing with excitement following a significant regulatory approval from the U.S. Securities and Exchange Commission (SEC). The SEC has authorized the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to begin trading options on various spot Bitcoin Exchange-Traded Funds (ETFs). This move is poised to reshape the market dynamics for Bitcoin and attract a wave of institutional investors.
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- EigenLayer Acknowledges Twitter Account Compromise, Denies System or User Data Breaches
- Oct 21, 2024 at 02:20 pm
- EigenLayer, a prominent platform in the crypto community, faced a major security breach when their official Twitter account was compromised. Hackers used the account to post malicious tweets containing phishing links, resulting in significant financial losses for victims who fell prey to the scam.