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Cryptocurrency News Articles

Cutoshi: A Utility-Driven Meme Coin That Could Lead A Revolution

Nov 21, 2024 at 03:47 pm

A newcomer in the meme coin space is also making waves in the underbelly of crypto Twitter. Cutoshi leverages a state-of-the-art DeFi ecosystem that complements its unique meme energy. These two factors combined could be the perfect recipe for a gem in the making.

Cutoshi: A Utility-Driven Meme Coin That Could Lead A Revolution

Cryptocurrency markets are experiencing a downturn on Monday evening, as the majority of the top 100 assets are trading in the red. However, a newcomer in the meme coin space is making waves in the underbelly of crypto Twitter. Cutoshi (CUTO) is quickly becoming a favorite among meme enthusiasts, and its unique utility could propel it to become a gem in the making.

Related Reading: XRP Price Analysis: Resistance At $0.4 Weak As Bulls Eye $0.42

Pepe Coin Surges Past $0.000024, Could It Be Preparing For Shib Inu Battle?

One of the biggest stories in crypto over the last month has been the stunning 3,000% rally in the price of Pepe (PEPE). The meme coin, which is named after the popular internet frog meme, experienced another pullback on Monday.

Pepe enjoyed a brief stint at $0.0000248, which marked a new all-time high. However, as selling pressure intensified, the meme coin experienced a pullback and was last seen trading at $0.000020. This pullback amounted to a 4.3% loss in the last 24 hours.

Despite the pullback, Pepe still enjoyed a seven-day gain of 11%. Moreover, the meme coin was last valued at over $26 billion, which placed it as the 10th largest cryptocurrency in the world.

However, crypto analyst Zaza pointed out on X that on the 4-hour chart, Pepe was forming a bull pennant pattern, which could lead to another massive surge in the upcoming weeks. If this momentum is sustained, Pepe could soon threaten Shiba Inu’s position as the second largest meme coin, as only $6 billion in valuation separates the two.

Furthermore, just a few days ago, a golden cross appeared on the Pepe chart, as the 50-day moving average crossed above the 200-day MA. Historically, this pattern has always led to massive price surges, meaning that the next Pepe rally is just getting started.

Cutoshi Presale Surges Past $0.9M In Record Time, Get In On The Meme Revolution Now

Cutoshi (CUTO) is separating itself from the other run-of-the-mill meme coins with its unique utility, which combines the meme narrative with a 360-degree DeFi experience. Thousands of investors have already joined the viral presale of the $CUTO token and so far, the presale has raised over $900,000 in record time.

Cutoshi’s main feature is the Cuto DEX. This is a non-custodial, decentralized exchange that bridges the gap between isolated blockchains; users will be able to perform seamless swaps at just 0.25% in fees. 80% of these fees will be redirected toward liquidity providers for their role in sustaining the ecosystem. The remaining 20% of this amount will be used for buybacks and burns of the $CUTO token. This is significant as $CUTO is deflationary by design, meaning that regular token burns will continuously reduce the circulating supply, promoting sustainable, long-term growth.

Cutoshi draws inspiration from the Lucky Cats present in Japanese folklore. These cats are said to bring prosperity and wealth to the household and the business. Cutoshi makes legends come to life and brings good fortune to the blockchain and the community through the Cuto Farming reward system.

Users can already participate in special missions and events and help spread awareness about Cutoshi. Upon completion, they will receive CUTO points. These points can later be exchanged for $CUTO once the token launches.

Cutoshi believes that crypto should be accessible to everyone; for this reason, the Cutoshi Academy was created. This is an educational platform that wants to lend a helping hand to beginners and help them navigate the intricacies of the crypto world. This is where newcomers will learn the basics of DeFi, portfolio management and trading while having fun and engaging with the rapidly growing Cutoshi community.

Stage 3 of the presale is live and $CUTO tokens are selling for just $0.0259. This is the perfect entry point for investors who want to make the most of the upcoming utility-driven meme revolution.

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

News source:bravenewcoin.com

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Other articles published on Nov 21, 2024