Fantom (FTM) and Dogecoin (DOGE) are flashing buy signals as both projects appear ready for the next leg up. However, there is a new meme coin that is also preparing for upward momentum and its viral presale has already raked in more than $550,000.
But Cutoshi is not just another run-of-the-mill meme coin. It boasts an innovative DeFi platform that rewards users who engage with the ecosystem.
Dogecoin Reclaims Key Support, What’s Next?
Over the past month, Dogecoin (DOGE) has made significant moves resulting in a 28% monthly increase. At press time, Dogecoin sells for $0.14 with 2.7% intraday gains. At $20 billion in market cap, Dogecoin continues to be the undisputed king of all meme coins while simultaneously occupying the 8th place on the crypto totem pole.
Right now, Dogecoin is consolidating right under the $0.15 resistance level. A break above this mark could signal the start of a new bullish impulse that could see Dogecoin reclaim the $0.22 yearly high.
Tron Reaches New Yearly High
Tron (TRX) has been in up-only mode since bottoming out at $0.05 during the 2022 bear market. Even in moments of extreme market turbulence, Tron stood its ground, demonstrating surprising resilience. Right now, Tron is priced at $0.164 with a 3.1% increase over the last 24 hours. CoinMarketCap shows a 25% surge in Tron’s daily volume with $358 million worth of TRX traded.
Just a few days ago, Messari, a reputable crypto research group, released a report detailing Tron’s performance. According to the report, Tron recorded seven consecutive quarters of growing on-chain activity, leading to explosive revenue numbers. In Q3 Tron cleared $151 million in revenue cementing itself as one of the hottest Layer 1 protocols in the space.
Why Cutoshi Will Change The Meme Coin Game?
Cutoshi is inspired by the Lucky Cat of Japanese folklore which is said to bring prosperity to businesses and the household. Cutoshi tokenizes good fortune and brings it to the blockchain through its cutting-edge cross-chain DeFi ecosystem.
Via the CUTO DEX, Cutoshi ensures lightning fast transactions across a multitude of blockchains with the lowest possible fees. 80% of these fees are redistributed to liquidity providers, while the remaining 20% are allocated toward buybacks and regular burns of the native $CUTO token. These burns will promote price stability while paving the way for sustainable, long term growth.
The Cutoshi Farming initiative will bring substantial monetary incentives for users who stake the $CUTO token on the platform. Moreover, users will also have the opportunity to complete various missions and tasks to earn cutopoints that can be exchanged for more $CUTO tokens.
With tokens selling for just $0.022, this is the perfect opportunity for early buyers to get involved with the $CUTO presale. The project has already been audited by SolidProof and recently listed by CoinMarketCap . These factors combined reinforce the legitimacy of the project and highlight its potential to become a future proof investment that could soar when the bull market is in full swing.
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