Meme Cutoshi Utility Coin Could Tilt ETH Competition

While Solana challenges ethereum for the Layer 1 throne, Cutoshi, the ethereum-based underdog, could provide the leverage needed for ethereum supremacy with its DeFi platform and pre-sale.

ethereum and Solana are entering a neck-and-neck fight as the latter aims for the Layer 1 throne. However, an ethereum-based underdog in the meme coin space could give ethereum the edge it needs to maintain its supremacy.

cutoshi leverages an innovative DeFi platform that brings much-needed utility to the otherwise advertising-driven meme coin space. With investors flocking to its viral CUTO pre-sale and analysts praising it as the next 100x.

<h2 class="wp-block-heading" id="is-it-time-for-an-ethereum-breakout”>Is it time for an ethereum breakout?

After weeks of action, ethereum finally broke out. As sentiment is changing, analysts expect more bullish moves in the coming weeks. The next big goal for ethereum could be $3,000 by the end of 2024.

However, concerns about centralization are rising within the ethereum community, as two block builders, Beaverbuild and Titan Builder, account for more than 85% of new ethereum blocks produced in the first weeks of October.

Meanwhile, ethereum founder Vitalik Buterin has shared new insights about “The Surge.” This is an upcoming update aimed at further improving the scalability of ethereum by boosting interoperability with ethereum-based Layer 2 blockchains.

Solana fights to recover the key level

Selling pressure appears to be easing for Solana as traders are positioning for an imminent rise above $160. At press time, Solana is trading at $151 with a 2% decrease in the last 24 hours. If Solana reverses the resistance and turns it into support, this move could pave the way for a rally to $200.

Recently, Solana reached a new milestone with $6 billion in total value locked (TVL) and over 6 million daily active addresses. This indicates that Solana continues to capture investor interest and could soon pose a challenge to ethereum's reign.

Cutoshi brings usefulness to memes

Most meme coins are not equipped for long-term sustainability as they are primarily driven by advertising. Once the hype dies down, most of them plummet to almost zero and are never heard from again. A handful survive as they become pumping and dumping sites for whales. A select few become staples of the crypto landscape and take a utility-focused approach.

This is why Cutoshi could become one of the outliers in this niche, as it leverages a cutting-edge, community-backed DEX platform that supports a multitude of blockchains and enables seamless exchanges on a wide range of assets for the lowest cost. possible. price.

To keep the community engaged, Cutoshi has implemented a unique reward system called 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 crypto space.

Additionally, nfts and merchandise will be available soon. Users will be able to represent their favorite meme coin both online and offline while spreading Cutoshi's message, inspired by the teachings of Satoshi Nakamoto. Cutoshi focuses on decentralization and privacy and has a very simple goal: to bring good fortune to its community, just as the Lucky Cats of Chinese tradition bring prosperity to businesses.

Now, Cutoshi understands that beginners may find cryptocurrencies and DeFi to be quite overwhelming and complex topics. That is why the Cutoshi Academy initiative was created. Beginners will get help building a profitable portfolio while learning the ins and outs of DeFi.

The second stage of the CUTO pre-sale is now active and the token is selling for $0.022. Once Cutoshi hits the markets, analysts expect a 10,000% rally when the bull market is in full swing.

For more information on Cutoshi pre-sale, please visit the official 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