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Savvy DeFi investors are keeping an eye on the pre-sale new memecoin Cutoshi, attracting the attention of Shiba Inu and Toncoin investors.
Savvy traders and investors in the DeFi market are starting to take a look at a new meme coin project that is making waves in the presale market. This new token, Cutoshi (CUTO), by MemeFi initiative, will attract the attention of institutional investors by focusing on core DeFi applications.
As experts predict progressive growth for this meme coin, major investors in the Shiba Inu (SHIB) and Toncoin (TON) network are starting to take notice. Some are already investing in the token in the ongoing presale.
Cutoshi is a meme token with DeFi-based ecosystem
Cutoshi is a pre-sale cryptocurrency that is currently gaining attention due to its unique application in both the DeFi and memecoin market. Inspired by the Lucky Cats of Chinese and Japanese legend, Cutoshi is designed to bring prosperity, wealth and progress to the blockchain space. Additionally, Cutoshi supports DeFi values such as decentralization, monetary freedom, and privacy.
At its core, this MemeFi platform offers a decentralized exchange (DEX) that allows users to quickly buy and trade cryptocurrencies via military blockchains with low fees. There is also a farming mechanism where users can complete quests and missions to earn additional CUTO tokens.
As a DeFi hub, Cutoshi simplifies DeFi for beginners by teaching core skills like asset management, trading, and other DeFi knowledge in its Learning Academy. Cutoshi allocates over 80% of its 440 million token supply to reward users, while 7% is set to follow a buy-and-burn mechanism that will further increase the demand and value of CUTO tokens.
Its native token is already selling for a high price of $0.015 in its first pre-sale phase. However, with analysts predicting 100x growth for this meme coin, Cutoshi is poised to compete with cryptocurrencies like Dogecoin (DOGE) and Shiba Inu whose networks do not provide significant benefits.
Toncoin price shows signs of revival above persistent decline below $6
Sometime in late August, Toncoin price dropped below $6 and has not been priced above that level since. Although the token made an impressive price move to $5.8 in mid-September, it experienced another decline to lower levels.
However, considering its trajectory over the past month, the TON price appears to be consolidating and poised to break the critical $6 barrier.
After the next bull run, Toncoin price is poised to surpass this price mark and eventually reach the yearly high price of $8.1. Overall, Toncoin price is expected to gain further momentum due to network activity increasing by 27.54% according to CoinMarketCap data.
Shiba Inu token maintains positive sentiment despite previous decline
During the last week of September, the Shiba Inu experienced a dramatic increase that increased the SHIB price by over 80% to a brief peak at $0.00002132. However, with a sharp drop below $0.000018, the native SHIB token lost momentum and emerged from September with only a 24% gain.
While the Shiba Inu price has struggled to reach previous highs, the dog-themed token has battled bearish pressure in the process, rising over 8% in the past week. While most SHIB token holders remain optimistic, some investors are diversifying into other stable meme coin alternatives such as Cutoshi.
Can Cutoshi surpass Shiba Inu this fourth quarter?
As a MemeFi-based platform with comprehensive DeFi market features, Cutoshi has a better chance of generating unforeseen gains this fourth quarter than Shiba Inu. Cutoshi, a pre-sale memecoin, also has a big role to play in advancing against Shiba Inu.
For more information, visit the official CUTO website or join the community at: X and Telegram.
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