Over the past year, crypto markets have seen the emergence of memecoins on several chains. Solana was among the most popular platforms, with thousands of memecoins launched daily. Despite this Ethereum memecoins continue to dominate. One of them, Cutoshi, is currently generating excitement with its explosive presale.
Why Ethereum Memecoins Are Still Dominant
Ethereum (ETH) is the biggest and the oldest smart contract platform. It also hosts some of the biggest and oldest memecoins. Its huge ecosystem dominates in terms of total value locked (TVL), and it is bigger than all other chains combined. Many Ethereum-based memecoins also dominate the charts.
Out of the top five largest memecoins, three are Ethereum tokens: Shiba Inu, Pepe, and Floki. The biggest memecoin, Dogecoin, has its own chain. Out of the top five, only WIF is on Solana.
This is despite the fact that thousands of Solana tokens launch every day, dwarfing Ethereum launch numbers. This is due to low Solana fees and platforms like Pump.fun which make it very easy to launch. But the reason that Ethereum tokens do better is precisely this.
Because launching Solana memecoins is so easy, there are a lot of low-effort memecoins. These low-quality and sometimes outright scam tokens hurt the reputation of the entire chain. This is why many traders see Ethereum memecoins as the gold standard in memecoins.
Cutoshi Wins Hearts and Minds With Utility
One Ethereum-based token that experts are looking at is Cutoshi (CUTO). This fun token takes inspiration from the Chinese Lucky Cat, a symbol loved everywhere in the world. Now, the lucky cat is on the chain, bringing prosperity to your portfolio.
But Cutoshi is not just a fun memecoin. It is also an ecosystem packed with utility. Like the Bitcoin creator Satoshi, Cutoshi values privacy, decentralization, and digital freedom. Cutoshi chose Ethereum because it is by far the most decentralized of the smart contract platforms. It is also proven, trusted, and much more reliable than its alternatives.
At the core of its ecosystem is the Multichain Cutoshi DEX, enabling holders to trade with full custody of their assets. This is key, as a DEX brings utility to the Cutoshi token that will help it achieve long-term growth.
Cutoshi also features farming, giving holders the opportunity to make even more gains. This includes staking, available even during the presale. Moreover, Cutoshi will also have a trading academy, helping those new to crypto learn all there is to know about investing. Cutoshi will also feature NFTs, as additional rewards for its holders. With NFTs picking up again, these will open up new ways to profit for traders.
With its presale just starting, Cutoshi presents a great opportunity for those who jump in early. With a price of $0.015 and 55% presale allocation, Cutoshi can make 10x gains this year, and even more once it lists on major exchanges.
Conclusion
Ethereum tokens are still the gold standard for memecoins. The overall quality of the projects is better, and traders see them as more reliable and trustworthy. Among them, experts believe Cutoshi has great potential this year, especially for traders who get in early. With its presale just starting, Cutoshi could make new crypto millionaires this year.
For more information on the Cutoshi (CUTO) Presale:
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The post The Hot New Ethereum (ETH) DeFi Coin That Has Experts Flocking To Its Presale: Cutoshi (CUTO) appeared first on ETHNews.
