Meme coins are currently dominating the crypto world. If you are looking to invest in a project, Dogwifhat and Cutoshi could be the best options. Both meme coins are currently leading the market bull run.
However, it is the newly-launched utility meme coin, Cutoshi, which has emerged as the most popular and profitable option. Let’s see what makes this meme coin a hot asset.
Trading Volume Of Dogwifhat Surges
Crypto whales and institutional investors seem to have increased their interest in Dogwifhat. According to reports, a social wallet recently borrowed around $2,000,000 USDC to buy 894,854 Dogwifhat tokens.
Experts believe that this bulk buying of Dogwifhat indicates that investors are optimistic about the project’s growth. Thanks to this aggressive buying and optimism, the price of WIF tokens is surging.
In the last week, the market price of Dogwifhat has increased by more than 38%. Moreover, on the monthly chart, it has surged by 52%. Currently, it is trading at $2.35.
Dogwifhat’s value has shown some positive performance on technical charts as well. Its daily trading volume has soared by over 17%. Its market cap has risen to $2.23 billion, which is an increase of 6.19%.
Analysts believe that it can continue to surge given the prevailing positive sentiments surrounding Dogwifhat.
Cutoshi Rejuvenates Market Bulls
The newly-launched Cutoshi project is set to change the market perception around meme coins. Until now, meme coins were based only on hype, and market trends. But Cutoshi has brought a tangible utility to it.
Cutoshi is a novel project that has merged the best features of meme coins and DeFi. The DeFi industry is expected to grow at a CAGR of 9% in the next four years. So, CUTO is set to make a big mark.
The most notable feature of the ecosystem is its multi-chain decentralized exchange (DEX). Here, users will be able to swap their digital assets across chains. NFTs are a vital part of the crypto community, and Cutoshi is no exception. The project plans to roll out a collection of NFTs that will have special functionalities within its ecosystem. Interestingly, only 8000 NFTs will be minted throughout the project’s life. So, this exclusivity is set to drive its demand. NFTs will be divided into different categories, each related to a particular utility.
CUTO will be the native crypto of the platform. It will fuel all transactions in the Cutoshiecosystem. However, unlike some meme coins, its supply is not unlimited. Instead, the total supply of CUTO tokens will be capped at 440 million.
The presale of CUTO tokens has begun, and it is currently in stage 1. At press time, a token is available for $0.015. But you should hurry because, according to experts, its value is set to explode and the 1st stage is almost sold out.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.