Savvy investors are eyeing meme coins for their explosive potential, and Cutoshi (CUTO) is quickly becoming the hottest ticket in town. One Ethereum whale just dropped $10K into Cutoshi, and it’s easy to see why.
With stage 1 of its presale already sold out, this Ethereum-based meme coin is gaining serious momentum. Priced at just $0.022, Cutoshi tokens are flying off the shelves.
Ethereum Cracks $2.5k, Nearly 70% YoY Gains
Ethereum has finally cracked the $2,500 mark for the first time since October 1, with a solid 8% gain in the last 30 days and a 68% increase over the past year. Its market cap has jumped to an impressive $314 billion, but Ethereum is still sitting 46% below its all-time high of $4,878 from back in November 2021.
So, where does it go from here? Well, there could be some bumps ahead. Some analysts predict a dip to around $2,345 if the selling pressure doesn’t ease up. Yet, if ETH can break through the $2.7K resistance level, we could see a rally that pushes it toward $2,900. In the long term, things are looking good, especially with the Pectra upgrade planned for early 2025.
But if you’re after lightning-fast returns, Ethereum’s slow grind upward might not be thrilling enough.
Cutoshi Could Be The Next 100x Crypto Gem Before Q4 Ends
Ethereum-based meme coin Cutoshi (CUTO) might just be the one to watch. This DeFi meme coin, inspired by the Chinese Lucky Cat and the teachings of Satoshi Nakamoto, puts forward a winning combo of meme coin fun and decentralized finance tools that could inject a serious dose of utility into the meme coin sector.
In short, it’s packing real DeFi tools like token farming and even its own decentralized exchange. That means long-term potential to disrupt the status quo, not just a quick pump. Plus, Cutoshi’s burn mechanism cuts down the token supply over time, which could send its price to the moon thanks to the supply and demand forces. With the Cutoshi Academy showing new investors the ropes on DeFi, this could be the meme coin we’ve all been waiting for to make a real impact and put ETH back on the map.
Cutoshi’s presale has already seen over $500,000 raised, and it’s currently in its second ICO stage, with tokens priced at just $0.022. After this 46% jump, many predict that CUTO could be the next meme coin to eye the 100x level.
The Verdict
Ethereum whales are on the move again, and their faith in CUTO is no small thing. Cutoshi’s presale success shows it’s ready to take a big chunk of the market because it’s not every day that you see a project blend DeFi tools, a meme culture, and a promising burn mechanism all in one package.
For more information on the Cutoshi (CUTO) Presale:
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https://twitter.com/CutoshiToken
The post Ethereum Whale Capitalizes On ETH Price By Injecting $10K Into New Ethereum Based Meme Coin Cutoshi (CUTO) appeared first on ETHNews.
