WIF put SOL meme coins on the map, ETH Cutoshi meme coin brings DeFi to the masses

Dogwifhat leads the Solana meme coin scene, while new rival Cutoshi on ethereum aims to combine fun with utility.

The new meme currency based on ethereum, cutoshi (CUTO), is gaining popularity as a rival to WIF. It is a utility meme coin created not just for fun but with a serious purpose. Let's see what this new token offers besides a fun meme community.

Dogwifhat remains Solana's main meme coin

Dogwifhat (WIF) leads the Solana meme coins with a market capitalization of over $2.3 billion. The current market price of dog hat is $2.36 after a 6% drop in 24 hours. Volume has also seen a significant intraday drop of over 16%.

Dogwifhat is trading 50% below its all-time high of $4.85, which it reached in March. Despite the difficulties of the overall market, Dogwifhat has performed relatively well. It has been in a short-term uptrend, making higher highs and higher lows.

Dogwifhat is trading above its 20- and 50-day simple moving averages (SMA). The MACD is crossing the signal line to fall below it, showing increasing bearish pressure. The RSI also fell to 58, moving away from the overbought region.

For Dogwifhat, key support lies at $2.1943 and another at $1.9833. $2.6232 is an immediate resistance level. If the price breaks this, another resistance level lies at the price of $2.8871.

<h2 class="wp-block-heading" id="cutoshi-ethereum-based-dogwifhat-rival”>Cutoshi: ethereum-based Dogwifhat rival

Unlike Dogwifhat, which has limited practical use, Cutoshi is a utility meme coin based on ethereum. With a fully decentralized ecosystem, Cutoshi offers users various DeFi features through CUTO, its native token.

Cutoshi is inspired by the Chinese and Japanese tradition of having Maneki-Neko (The Lucky Cat) in their homes. Cutoshi has brought Lucky Cat to the blockchain. The Lucky Cat is known for its powers of bringing luck and prosperity to its owner.

It is also inspired by the ideals of Satoshi Nakamoto and resonates with his vision of decentralization, privacy and monetary freedom. Cutoshi is not just a meme coin, but a utility token with the serious purpose of bringing DeFi to the masses.

Cutoshi DEX is a multi-chain exchange that allows users to trade assets cross-chain. This simplifies the exchange process and saves users time and money. It also increases privacy and security by eliminating third parties and enabling peer-to-peer trading.

The Cutoshi Academy educates newcomers and reduces the knowledge gap, thereby promoting mass adoption of DeFi and blockchain. The content will be fun, easily understandable, and for the most part, available for free to increase engagement.

The CUTO token is currently priced at $0.022 in the second stage of the pre-sale. Early investors who bought in stage one at $0.015 a few days ago have already gained 46.66% on their investments. The listing price is expected to be $0.6, which will give a staggering 2627.27% return to investors who participate in it in the second stage.

For more information about Cutoshi, visit the official website. website. Interested users can join and become community members at twitter.com/CutoshiToken” target=”_blank”>twitter and Telegram.