The meme coin market has seen its fair share of decline this year, with top meme coins like Dogwifhat (WIF) navigating an extended price consolidation phase. Despite being one of the highest gainers this year, Dogwifhat is now experiencing a decrease in momentum, prompting investors to consider alternative options, just in case.
On this backdrop, Cutoshi (CUTO), one of the top rising presale meme coins, is gaining widespread attention for its solid stance in the DeFi market, even as a meme coin. Already predicted to see over 100,000% surge, Cutoshi is on its way to outperforming well established meme coins like Dogwifhat, Shiba Inu and Dogecoin.
Cutsohi’s Community-Focused DeFi Ecosystem Stands It Out As The Next 100x Meme Coin
Based on the Ethereum Network, Cutoshi (CUTO) distinguishes itself by blending DeFi functionality with meme coin entertainment to achieve a hybrid ecosystem. This ecosystem primarily comprises a multi-chain DEX where users can exchange cryptocurrencies across multiple blockchains privately and securely.
Interestingly, Cutoshi’s ecosystem extends beyond an exchange platform, this hybrid MemeFi project also offers a farming mechanism where users can earn extra token rewards by participating in community-based quests and challenges. There is also a DeFi learning hub which is aimed at educating users as well as eliminating DeFi illiteracy.
On its DEX platform, users will be able to finalize crypto transactions using its native $CUTO utility token, which is currently selling for $0.022 in its second presale stage. This token, which is deflationary in nature, adopts a buyback and burn mechanism, which automatically boosts the value and demand for the $CUTO token over time. This, combined with the positive price outlook has drawn in a lot of investors to the project’s presale campaign.
Dogwifhat Coin Maintain Highly Positive Sentiment Amidst Slowing Momentum
The Dogwifhat (WIF) meme coin already raised a lot of investors’ interest in it after a major price rally earlier this year. Seeing as the token is showcasing a 1,417% year-to-date (YTD) growth, a lot of positivity brews despite a noticeable decline in WIF price. That aside, the price of Dogwifhat coin has been mostly mirroring the broader market trajectory, which is generally bearish.
Despite its price reduction from a yearly high above $4 to a weekly range of $2.14 to $2.77, Dogwifhat token still holds a month-long 62.79% rise. Although WIF price wouldn’t have risen this high in the past month if it did not overcome the steep fluctuation that affected its price in the past week. In the end, Dogwifhat price was able to register about 18% comeback growth during the same period.
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While its price has been consolidating in the past months, this meme coin which still holds its place as one of the top meme coins, is consistently showing its potential to ride on the back of the next crypto bull run. Even with its slowdown in price momentum, savvy investors are still keen on holding their WIF coins, especially as technical indicators like 20, 50, and 200-days moving averages point towards a strong buy signal.
Can Cutoshi Mirror Dogwifhat Coin’s Peak Growth This Year?
Not only is Cutoshi capable of mirroring Dogwifhat’s peak growth this year, this unique hybrid project is poised to surpass Dogwifhat’s growth as well as other top meme coins like Bonk and Shiba Inu. This is especially due to its extensive DeFi ecosystem unlike the others which lacks practical utility.
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