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As ethereum regains momentum, savvy investors are eyeing Cutoshi, a pre-sold meme-inspired DeFi protocol, as the next big player.
After months of disappointing price action, ethereum (eth) is finally showing strength again. However, millionaire investors are keeping an eye on the next big play that could lead to legendary 100x multipliers.
Such a project could be Knifea unique cross-chain DeFi protocol that taps into meme culture and is capturing the attention of crypto newbies and veterans alike. Inspired by the Chinese lucky cat, Cutoshi seeks to bring greater utility to the memecoin ecosystem and is rapidly gaining momentum during its pre-sale.
<h2 class="wp-block-heading" id="can-ethereum-rally-in-q-4″>Can ethereum Recover in Q4?
After weeks of trading below $2,500, ethereum has finally managed to break out of the tight channel. Today, ethereum is trading at $2,644, up 14.6% on the week and with a trading volume of almost $16.5 billion.
Analysts expect further gains in the coming weeks, with $3,000 being the next big target for ethereum. On-chain analysis shows an increase in long positions, indicating growing demand for ethereum, supported by strong bullish sentiment.
ethereum network activity has also been on the rise, with dApp usage showing a notable uptick and total value locked (TVL) seeing an increase of approximately $5 billion, now reaching $49.65 billion.
On the other hand, flows into ethereum investment products such as ETFs have been slowing down, with net outflows recorded for five consecutive weeks.
Cutoshi brings utility to memes
Memecoins are driven primarily by hype, and once the hype dies down and prices plummet, most never recover. The problem? They lack substance and real utility to thrive in the long term.
Cutoshi solves this problem by bridging the gap between virality and utility of memes with its community-backed DeFi platform.
Cutoshi focuses on decentralization and privacy and has a very simple goal: to bring good luck to its community. The project is inspired by the traditional Chinese Lucky Cat that brings prosperity to businesses.
At the center of the Cutoshi ecosystem is CUTO DEX, a cutting-edge decentralized exchange that brings together all blockchains and allows users to seamlessly trade between them at the lowest possible price.
To keep the community motivated and engaged, Cutoshi has implemented a unique reward system, dubbed Cuto Farm. Users will earn monetary rewards by staking CUTO, providing liquidity, or completing missions and tasks aimed at maximizing Cutoshi’s presence in the space. nfts and merchandise will also be available soon, aiming to spread the Cutoshi message both in the real world and on the blockchain.
The ecosystem also offers an educational platform known as Cuto Academy. New investors will have the opportunity to learn more about DeFi, how to navigate the vast universe of cryptocurrencies, and how to build a profitable portfolio. This is designed to bridge the gap between DeFi and TradFi, helping to attract new investors to the decentralized ecosystem.
The first stage of CUTO’s presale is already underway and the token is selling for $0.015. Once Cutoshi hits the markets, analysts expect a 10,000% rally by the end of the year.
For more information on the Cutoshi (CUTO) pre-sale, please visit the website: https://cutoshi.com/
Join and become a member of the community: twitter.com/CutoshiToken” target=”_blank”>https://twitter.com/CutoshiToken, https://t.me/cutoshi
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