Bitcoin (BTC) is still the king of crypto, and by the looks of its reign will continue for many years to come. However, two new contenders are emerging that could vastly outperform its future gains.
Sui is a recent Layer 1 blockchain that has been making waves in the crypto space with its novel functionalities. Cutoshi is a DeFi platform that also leverages viral meme culture and its unique appeal has investors flocking to the presale.Â
Bitcoin Accumulation Continues
Bitcoin (BTC) has been range-bound for most of 2024 with bulls and bears caught in a tug of war, with neither prevailing. The Bitcoin price has stabilized around $65k highlighting continued accumulation as long-term holders continue to stack BTC. Institutional demand for Bitcoin is also on the rise.Â
According to Coinglass data, the Bitcoin spot ETF has registered total net inflows of over $1.86 billion over four weeks between September and October. At press time, Bitcoin sells for $65,538 with a 2.7% intraday decrease and a slight 7.8% decline in 24-hour volume with about $30 billion worth of BTC traded.
Sui Has Successfully Retested A Higher Floor
Over the past week, Sui has experienced a 6% decline with the price dropping to $1.87. This is where the demand for Sui was at its highest and as buyers stepped in, Sui regained some ground. This new floor shows that Sui’s price structure is intact and the project’s trajectory is bullish.Â
Currently, Sui is priced at $1.92 with little to no price movement for the last 24 hours. Recently, Sui partnered with ZettaBlock to integrate Google Cloud services into its ecosystem, broadening the already vast array of services that Sui offers.
How Cutoshi Unites Memes And DeFi
Cutoshi is a new project that wants to redefine what meme coins are. But behind the cutesy and lighthearted surface, Cutoshi boasts a state-of-the-art DeFi protocol that has already captured the attention of experts with its cross-chain capabilities.Â
CUTO DEX is Cutoshi’s flagship feature and it allows seamless swaps across all major blockchains while ensuring the fastest possible speeds and fees as low as 0.25%. There is also a buy-back and burn mechanism in place. recurring burns will ensure greater price stability for the $CUTO token while paving the way for sustainable growth.
Moreover, holders of the token will have the opportunity to earn passive income by staking $CUTO on the platform. But the rewards don’t end here. Via the Cutoshi Farming model, users will be tasked with completing various missions and tasks aimed at boosting Cutoshi’s online presence. These missions are not only fun and engaging, but they will also grant cutopoints. These points can then be redeemed for more $CUTO tokens.
Stage 2 of the presale is already underway and at $0.022 early buyers are up by 46% since the start of the event. So far, more than $500,000 has been raised in funds and interest is growing exponentially. With its unique blend of meme energy and DeFi capabilities, Cutoshi could compete with major crypto coins in the upcoming months.
For more information on the Cutoshi (CUTO) Presale: Cutoshi Website
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