As Bitcoin races past $68k, the entire market is in the green, meaning that huge profits can now be made from investing in the right altcoins. Investors who’ve made a lot of money from holding BTC since its yearly low of $30k are now searching for new but innovative small-cap coins such as Cutoshi and BlockDAG. We’ll look into why investors are interested in these two coins in particular.
Cutoshi Combines MemeFi Appeal With DeFi Potential
Every market season has its cycles, and right now the ‘meta’ is tokens with real utility. But at the same time, memecoins remain as popular as ever, with coins like APECOIN up by 100% on the weekly chart.
That’s why investors are so bullish on Cutoshi, a MemeFi coin that mixes the best of the meme world, with the important tools and principles of DeFi.
Cutoshi draws inspiration from the Chinese Lucky Cat and Satoshi Nakamoto’s ideals. With this, Cutoshi aims to bring fortune and prosperity to the market whilst championing decentralization.
The team plans to achieve this by building a fully-fledged DeFi/MemeFi ecosystem. An integral part of this is the Cutoshi DEX which will allow people to swap coins and trade across different blockchains – all using their own custodial wallet. The Cutoshi DEX also allows people to buy and sell using Peer-to-Peer systems, another way for people to be truly anonymous on the blockchain.
Other innovations include farming, group quests, an engaging community, a chance to win prizes, CUTO tokens, and more. This will likely increase a sense of belonging and help to introduce more people to the benefits of DeFi.
It’s clear that this ecosystem is attracting attention from whales and ordinary traders alike, as Cutoshi, which was recently listed on CoinMarketCap, has raised over $500k in just a few weeks, with the price up 46%.
Cutoshi is in the second stage of presale at $0.022, meaning the token will keep rising throughout the presale and potentially doing 10x after listing. This means the token has a lot of upside potential for investors getting in now, just like BlockDAG.
BlockDAG Offers Investors Ways To Buy Or Mine Tokens
BlockDAG is another presale token that’s getting people excited, for its high return potential.
BlockDAG is a Layer 1 blockchain, built as a directed acyclic graph (DAG) structure to make it easier to scale. This is the same technique used by blockchains such as Hedera.
What’s really getting people intrigued about BlockDAG, though, is its mining capabilities. While 33% of the coins are available for purchase in the presale, 55% have been reserved for mining. This is great for miners but may cause heightened sell pressure once the presale goes live. However, the fact that there can be so many different miners is great for the decentralization of the currency.
People can mine BDAG for free using their phone (we tried it and made an average of 83c per day – but if you get referrals you can potentially earn more). Or they can buy a mining rig for greater potential profits and the website has a calculator to help you see how much you can earn.
When fully built, the BlockDAG blockchain will support smart contracts, NFTs and have a focus on DeFi, again showing how important utility is to today’s market.
BlockDAG is further through the presale than Cutoshi, having been live for many months. The current price is $0.022 and from there the token may increase several times higher.
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