|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Ethereum Leads in Ecosystem Size, Memecoins Continue to Dominate
Sep 28, 2024 at 08:49 am
ETH tokens have long been among the best performing ones. They have the advantage of being present on by far the largest chain when it comes to total value locked (TVL).
Ethereum (ETH) tokens are known for their strong performance, thanks to the vast ecosystem present on the chain. Currently, Ethereum has the largest total value locked (TVL) among all chains, at $48.44 billion. This dwarfs the TVL of the second-largest chain, Tron, which has just $7.89 billion.
The size of Ethereum's ecosystem gives ETH tokens an advantage in terms of network effects. A large number of traders, investors, and projects are present on the chain, which benefits all the tokens.
This vast ecosystem is also crucial for ETH's price performance. The second-place crypto asset has a market cap of $310 billion. Moreover, ETH has performed strongly this year, rising 62.97% year over year to reach a price of $2,583.22.
Ethereum Memecoins Continue to Dominate
Three of the top five memecoins are based on Ethereum. Dogecoin, the top memecoin, has its own chain, while Bonk is the only memecoin on Solana. Shiba Inu, Pepe, and DogWif are all present on Ethereum.
This is despite the recent surge in memecoins on other chains, such as Solana. A large number of memecoins have been launched on Solana due to the ease and low cost of launching tokens on the chain.
However, these tokens have faced challenges. The rapid launch rate on chains like Solana has compromised the quality of many tokens. Additionally, many of them are scams or rug pulls.
As a result, Ethereum memecoins remain the gold standard, with traders showing a preference for them. This is partly why a new token, like Cutoshi (CUTO), is experiencing such success.
Cutoshi Set to Explode in Presale
Cutoshi (CUTO) is an Ethereum memecoin that has seen impressive growth recently. The project sold $150,000 worth of tokens in just the first stage of its presale.
Investors have greater trust in Cutoshi as an Ethereum-based token, which is contributing to its strong performance.
The project is also quite innovative, featuring the Chinese Lucky Cat as its mascot and a strong focus on utility. Inspired by the creator of Bitcoin, Cutoshi is developing an entire digital ecosystem founded on decentralization and freedom.
The Multichain Cutoshi Decentralized Exchange is at the heart of this ecosystem. The exchange will offer low fees of just $0.25 and enable users to trade without restrictions.
The fees will be distributed to liquidity providers, with 20% allocated for token buybacks and burns. This will help Cutoshi's price increase as the exchange is widely adopted.
The emphasis on utility is a key factor that often distinguishes Ethereum-based tokens from those on other chains. Join Cutoshi to become a part of the future of DeFi — get your tokens now before the presale price goes up!
For more information on the Cutoshi (CUTO) Presale: cutoshi.com
Join and become a community member: twitter.com/CutoshiToken, 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.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bitcoin Faces Resistance at $64K, Faces Risks of a Deeper Correction
- Sep 28, 2024 at 01:25 pm
- Bitcoin's recent price movements indicate that it is struggling to sustain momentum above $64K. Despite attempts to push higher, the cryptocurrency has been forming a reversal pattern on the four-hour chart, raising concerns about further downside risks.
-
- Worldcoin (WLD) Makes Waves in the Cryptocurrency Market, Analysts Cautiously Optimistic About Its Future Trajectory
- Sep 28, 2024 at 01:25 pm
- Worldcoin (WLD) is making waves in the cryptocurrency market with a notable price rally that has caught the attention of investors. After a recent surge, many are speculating whether WLD can sustain its momentum and reach new heights.
-
- Konstruct Ranks on The Globe and Mail's Top Growing Companies in Canada List for the Second Consecutive Year
- Sep 28, 2024 at 12:55 pm
- ) are sliding after the company was ordered to pay nearly $20 million to settle allegations regarding billing government programs for unnecessary services
-
- Despite bullish on-chain activity, many market participants remain wary of a potential correction ahead of the recent MATIC to POL transition
- Sep 28, 2024 at 12:55 pm
- Despite bullish fundamentals, exchange inflows and a 57.93% short ratio signal caution ahead.recent upgrade, the Ahmedabad hardfork, is creating excitement
-
- These Altcoins Could Help You Retire Early
- Sep 28, 2024 at 12:45 pm
- As the year ends, many are looking at altcoins like Ripple (XRP), Solana (SOL), Cardano (ADA), Toncoin (TON), and Shiba Inu (SHIB) to boost their savings.
-
- FROP: The New Frog-Themed Meme Coin Challenging Pepe's Dominance
- Sep 28, 2024 at 12:45 pm
- Popo is a new frog-themed meme coin that is creating a vibrant community with strategic partnerships to surpass Pepe and dominate the meme coin space.
-
- Levi Rietveld Forecasts XRP Could Hit $100 as Michael Saylor Envisions Bitcoin Reaching $13M
- Sep 28, 2024 at 12:45 pm
- The dynamic world of cryptocurrencies, bold predictions often capture the attention of investors and enthusiasts alike. Recently, crypto analyst
-
- BDAG50: BlockDAG Offers 50% Bonus to Early Supporters as DOGE and SHIB Experience Varied Fortunes
- Sep 28, 2024 at 12:20 pm
- As Dogecoin (DOGE) and Shiba Inu (SHIB) experience varied fortunes in the memecoin arena, attention shifts towards the performance and strategies of different
-
- Binance Founder Changpeng ‘CZ’ Zhao Is a Free Man
- Sep 28, 2024 at 12:15 pm
- Zhao, who has been in a halfway house since late August, was released on Friday.