Cutoshi (CUTO) Presale Star Outshines Established Memecoins Like Dogwifhat (WIF) Amidst Market Downtrend

Following the shift in attention to emerging memecoins, established and top memecoins like Solana-based Dogwifhat (WIF) have been facing strong

As the attention in the crypto market shifts towards emerging memecoins, established and top memecoins like Solana-based Dogwifhat (WIF) have been facing strong selling pressure from crypto whales who are now more interested in more lucrative alternatives with exceptional narrative and potential for exponential growth.

However, this new presale star– Cutoshi (CUTO) sits on the receiving end of this attention largely because of its hybrid approach. The Ethereum-based memecoin aims to bring DeFi to the masses by providing a unified ecosystem where users can trade, stake, farm and engage in various rewarding quests without compromising on security and privacy.

Cutoshi’s Unified Ecosystem Exhibits Enormous Lucrative Potential

The Cutoshi (CUTO) project was inspired mainly by two phenomena– the first being the popular Chinese lucky cat associated with good fortune and luck, and the second being Satoshi Nakamoto’s core blockchain principles of decentralization, privacy and monetary freedom. While it embodies these core values, Cutoshi functions as a community-driven ecosystem where control and decision-making power lay in the hands of its users.

To achieve this, the Cutoshi ecosystem houses a DeFi hub that features a decentralized exchange (DEX) platform, allowing its users to swap cryptocurrencies across multiple chain networks as well as stake their crypto assets. Additionally, Cutoshi integrates a token farming model where users can earn extra tokens and complementary NFTs and merchs by completing different quests.

At the centre of its operations lies the native $CUTO token. Doubling as its utility token, CUTO facilitates all transactions within the ecosystem as well as Cutoshi DEX’s buy-and-burn mechanisms. This self-sustaining attribute not only positions it as a lucrative memecoin, but ranks it among top DeFi coins to buy for immense ROI. Now selling for $0.031 in its fourth presale stage, the CUTO token has already delivered over 100% for early backers who purchased at the launch price of  $0.015.

Together with its memecoin and DeFi elements, the Cutoshi ecosystem also boasts a Launchpad that serves as an incubator for emerging Web3 projects to launch their presales and initial decentralized offerings (IDOs). This further expands the possibilities within the Cutoshi ecosystem and contributes to its ranking among the best crypto to buy now.

Meanwhile, Dogwifhat price trajectory still suggests a generally bullish outlook, considering that the top memecoin still maintains well over 320% price gain in the past year. This explains the relatively strong optimism in the memecoin as 79% of over 45K CMC members voted in favor of a bullish trajectory.

Solana price Teases Bullish Reversal Amids Weekly Decline

Solana (SOL) price has further retraced despite noticeable efforts to break past weekly resistance level between $250 and $260. In the past week, SOL price has dipped by over 11%, trading within a weekly price range of $263 and $234.

This progressive decline has further shrinked SOL price gain in the past month to only about 25% compared to over 50% recorded when SOL price recently hit its new all-time high at $294 from a monthly entry price of $188. Despite recent decline, Solana price still maintains a generally bullish outlook, considering it still holds over 130% price gain in the past year.

Meanwhile, looking closely at top DeFi coin’s technical analysis on TradingView, SOL price trajectory currently boasts a strong Relative Strength Index, with its short and long-term Moving Averages signalling a very bullish trajectory. This simply means that the current downtrend is on the verge of a bullish reversal, thereby positioning it among the best crypto to buy now.

Can Cutoshi Outpace WIF Attain the Same Level As Top DeFi Coins Like SOL?

Unlike Dogwifhat which like most memecoins thrive mainly on hype and sensationalism, Cutoshi stands out because of its hybrid approach. By integrating DeFi elements into its unified ecosystem, Cutoshi can thrive in a diverse market and appeal to a broader audience. Not only does this help it to scale faster than the likes of Dogwifhat, it also ranks it among the best crypto to buy alongside top DeFi coins like Solana.

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com/

Join and become a community member:

https://twitter.com/CutoshiToken

https://t.me/cutoshicommunity