Ethereum and bonk whales are targeting Cutoshi before it appreciates

Since its pre-sale launch, Cutoshi has generated buzz as a unique meme coin. With ethereum and Bonk eyeing their potential, investors are wondering if Cutoshi could surpass them both.

Since Cutoshi was launched on the pre-sale market, the buzz around the coin has been increasing due to its unique characteristics as a meme coin. As it gains even more traction, ethereum (eth) and Bonk (BONK) are targeting this token considering its potential to generate high returns.

Both ethereum and Bonk prices have reflected an upward movement over the past week. However, with their whales turning their heads towards Cutoshi (CUTO)Investors are wondering if this new meme coin could really outperform ethereum and Bonk combined.

Cutoshi shows unprecedented growth potential: whales get trapped

Memecoins are generally known to be very volatile, and their sudden rises reflect explosive growth stemming from their internet meme hype. cutoshi is capitalizing on this trend by integrating lucrative DeFi tools, which has captured the interest of large investors and positioned it as one of the biggest potential winners this year.

Inspired by the Chinese Lucky Cat known for its good luck, wealth and progress, this pre-sale star poses as ethereum's best utility memecoin of the year. Aspiring to increase DeFi participation globally, the Cutoshi memecoin focuses on the core principles of decentralized finance, including privacy, freedom, monetary empowerment, and anonymity.

Essentially, the Cutoshi ecosystem features a multi-chain decentralized exchange (DEX) for exchanging cryptocurrencies between multiple chains. Additionally, in a bid to increase their earning capacity, Cutoshi offers users a farming mechanism where they can earn rewards while completing quests. In addition to these features, there is a learning academy on the platform to spread DeFi knowledge to the masses.

Meanwhile, the platform's native CUTO token adopts a deflationary repurchase mechanism. This automatically increases the chances of a progressive value for the CUTO token as demand will surely increase due to scarcity. Already selling for $0.015 in its first pre-sale stage, investors in whales are showing interest and investing in Cutoshi to benefit from its next price jump to $0.022, a 46.66% gain for early birds.

<h2 class="wp-block-heading" id="ethereum-price-maintains-low-momentum-as-whales-exit-its-etf-market”>ethereum Price Maintains Low Momentum as Whales Exit Its ETF Market

About a week ago, ethereum saw a large outflow from its spot ETFs, contributing to its already slow momentum throughout September. x.com/wublockchain/status/1838427314125689285?s=46″ target=”_blank”>Recent data x.com/wublockchain/status/1838427314125689285?s=46″ target=”_blank”>shows that the Net outflow from ethereum spot ETFs was around $79 million. Following this negative sentiment around ethereum ETFs, the price of ethereum was also declining.

ethereum price has barely broken above its resistance mark of $2,639 due to a month-long bearish momentum. However, its weekly chart reflects an increase of almost 9% despite an 8% decrease in network activity. This has led bullish investors to believe that the leading altcoin will rally, potentially masking its 46% drop below its ATH in the next bull run.

Bonk undergoes long-term consolidation after March price peak

Like many other meme coins, the Bonk coin was a top contender during the memecoin frenzy that occurred from late Q1 to Q2 of this year. However, following an overall market decline, the Bonk coin has long since entered a consolidation phase as it struggles to gain bullish pressure.

That said, Bonk Coin Price just recorded a notable weekly price increase of over 15%, and its network volume posted a daily record of over 16%. While the Bonk coin struggles to break out of its monthly resistance zone, previous sentiments, including its 100-day and 200-day moving averages between $0.000020 and $0.000021, point to a possible rally for the token in the next bull run.

Can Cutoshi beat the bonk this year?

Compared to Bonk, whose network barely serves any utilitarian purpose, Cutoshi presents itself as a meme coin with DeFi tools and utilities that go beyond the void of memecoins.

Since Cutoshi has just started his pre-sale, there is a better chance that he will surpass Bonk next year than this year.

For more information, visit the CUTO official website or join the community at twitter.com/CutoshiToken” target=”_blank”>unknown and Telegram.