Assessing crypto options before making investments is vital. This article will look into two leading cryptocurrencies – Bitcoin and Cutoshi. While Bitcoin is a veteran, Cutoshi is a new entrant.
However, the newly launched project has shown better growth potential than the King coin. Therefore, BTC holders are rushing to buy CUTO tokens.
New Whales Accumulate Bitcoin
Amid global uncertainties, Bitcoin has emerged as a convincing investment option. Stock markets are facing a crisis due to ongoing wars, causing investors to move toward Bitcoin.
Last month, Bitcoin’s value grew by more than 8%. The trading price of BTC is $61,905. The market value of Bitcoin has increased by over 125% in the past year.
The CEO of CryptoQuant, Ki Young Ju, pointed out that new whales are fiercely accumulating BTC tokens. He also emphasized that such large accumulation may not be because of recent ETF inflows, but “are mostly custodial wallets.”
The big investors could shed their holdings when liquidity on exchanges increases. Experts fear we are heading toward a bear market due to the rate cuts, and Bitcoin may face issues.
Cutoshi Presale Reaches New Milestone
Inspired by the Chinese Lucky Cat, Cutoshi is a new crypto project that blends the benefits of DeFi, and the fun of meme coins. As per a report, the size of the DeFi market is expected to reach $48.02 billion by 2031. Cutoshi aims to capitalize on this trend.
Cutoshi aims to create a vibrant ecosystem driven by the community, where decision-making lies in the hands of the users. Its ecosystem includes a decentralized exchange, which will allow users to swap assets across different chains. The multi-chain DEX will help save time and money for traders..
Cutoshi’s primary utility token is CUTO, which will be used for transactions in the learning academy, and DEX’s buy-and-burn mechanism. The total supply of CUTO tokens is capped at 440 million, and 55% will be earmarked for the presale phase. 10% CUTO tokens will be allocated for farming, which will enable users to participate in quests, and claim rewards.
The presale round of Cutoshi is in the first stage. A CUTO token is available for $0.015. The price is likely to grow in the coming weeks and will bring substantial profits to token holders.
For more information on the Cutoshi (CUTO) Presale: Cutoshi Website
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