With the Trump crypto administration ushering in another wave of memecoin frenzy, it appears that they are here to stay after all. This equally explains why many crypto whales are rushing to grab a piece of this trending Ethereum-based memecoin – Cutoshi (CUTO).
Outshining top meme coins like Pepe (PEPE) with its rapidly-progressing presale, Cutoshi is establishing itself as a mainstay cryptocurrency in both the memecoin and broader crypto market. Notably, Cutoshi’s DeFi integration set it apart from its peers, not to mention its promise to liberate everyday people from the whelm of centralized finance by offering easy accessibility to DeFi.
Cutoshi to Rival Top Meme Coins With Robust DeFi Integration
Based on the Ethereum network, Cutoshi (CUTO) is a new hybrid meme-based platform with DeFi integration. While it takes inspiration from the popular Chinese lucky cat associated with good fortune as well as Nakamoto Satoshi’s blockchain core principles, Cutoshi’s unified champions decentralization, monetary freedom and privacy all of which is aimed at bringing DeFi to everyday people.
Among its notable features, the Cutoshi ecosystem houses 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 merch by completing different quests.
Meanwhile, the native $CUTO token powers the entire operation within the ecosystem, from facilitating transactions, to powering Cutoshi DEX’s buy-and-burn mechanisms. The CUTO token has already delivered over 100% for early backers who purchased at the launch price of $0.015 and now priced at $0.031 in its current fourth stage. With a few more presale stages to go, Cutoshi is set to deliver substantial returns before and after launch.
Pepe Price Retracement Deepens Amidst Weekly Decline
The price of Pepe (PEPE) has further declined in the past week as it heads towards the yearly support level around $0.000007. In the past month, PEPE price has declined by roughly 33% with the past week alone accounting for the majority of price decline.
PEPE coin is now trading within a weekly range of $0.000015 to $0.000012, reflecting a 21% loss in the previous week and showing no signs of slowing down anytime soon. Moreso, PEPE coin’s technical analysis including its Relative Strength Index and moving averages signals a strong sell, which further suggests that the current trend may persist for a while.
Regardless, PEPE price movement still portrays a generally bullish outlook considering its over 1070% year-to-date price gain. This explains the heightened optimism among token holders as 88% of 212K CoinMarketCap members voted in favor of a bullish trajectory.
Ethereum Token Faces Severe Price Fluctuation Below Monthly Resistance Level
Having dropped from its monthly peak level around $3,707 below the resistance level around $3,332, Ethereum (ETH) price has been met with severe fluctuation following several attempts to break out from the support zone.
In the past week, ETH token has been trading within a narrow price range of $3,303 and $3,093 which reflects roughly 6% decline. While Etherum’s current price range marks a solid support zone, failure to hold above this level could send Ethereum price further to lower ranges around $2,412 where its next solid support lies.
Meanwhile, Ethereum token’s technical analysis further points at a sustained trend considering that both the RSI and moving averages are signaling a strong sell. As such token holders and potential buyers more tread cautiously as the price outlook remains highly volatile.
Can Cutoshi Outpace Pepe and Other Ethereum Memecoins?
Asides its popularity and large user base, PEPE coin doesn’t have as much lucrative potential as Cutoshi. Cutoshi’s hybrid approach and DeFi capabilities particularly position it as equally valuable cryptocurrency as top altcoins like Ethereum, which justifies its position among top cryptos to buy now.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
Disclaimer:
This page contains sponsored content provided by an external source. The content is for informational purposes only and should not be considered financial or investment advice. The views expressed are those of the sponsor or author and do not necessarily reflect the opinions of NewsWatchTV. Readers are strongly encouraged to conduct independent research and consult with a financial expert before making any investment decisions. NewsWatchTV is not responsible for the accuracy of the information provided or any losses or damages arising from reliance on this sponsored content.
