<img src="https://crypto.news/app/uploads/2024/10/crypto-news-cutoshi-option02.webp” />
Disclosure: This article does not represent investment advice. The content and materials appearing on this page are for educational purposes only.
Dogecoin's biggest whales are eyeing Cutoshi, a new token that combines memes with utility for profit.
Dogecoin, the most iconic meme coin in history, has seen some volatility recently. In response, some of its biggest whales are looking for the next big thing. They may have found it in cutoshia new token that combines memes with utility for ultimate profits,
Doge sees mixed performance
The original meme coin, Dogecoin (DOGE)has seen better days. After briefly recovering this year, amid the biggest memecoin rally, Dogecoin has been trending lower. Since its March highs, Dogecoin has lost more than half its value.
What's more, Dogecoin is even further from its peak in 2021. At the time Elon Musk tweeted about Doge daily, the token reached an ATH of $0.7376. Currently, it is in $0.106885.46% less than its record price.
A constant problem with Dogecoin has been its token economy. This memecoin, originally intended for transactions and charity, has an increasing supply. This means that every year, millions of new Dogecoin hit the market. This has an obvious negative effect on the price. What's more, Dogecoin still has a distinct lack of usefulness, except as a currency. With very few people buying and selling with Doge, this case is not particularly strong.
If memecoins recover, Dogecoin will most likely follow suit. However, traders who don't want to wait are looking for the next big thing, which can generate profits of 100x or more.
Cutoshi attracts Doge whales thanks to its unique vision of DeFi
As Dogecoin slows, its major investors are looking for new opportunities. One of them is Cutoshi (CUTO), a cute memecoin with a unique take on DeFi. His name and avatar are a combination of the Chinese lucky cat and Satoshi, the legendary creator of bitcoin.
As such, Cutoshi wants to bring luck to your portfolio while creating a complete DeFi ecosystem. The Cutoshi ecosystem, with decentralization as a core value, will be under the governance of its community. It will feature a multi-chain DEX, multiple ways to farm tokens, nfts, and a trading academy. All of these factors give real utility to Cutoshi, increasing its price.
Unlike Doge, Cutoshi has a fixed supply, with only 440 million tokens. This means that you will be protected from the inflation that Dogecoin experiences. Additionally, the revenue from Cutoshi DEX will go towards token burning, making the token deflationary.
Conclusion: Cutoshi vs DOGE
While Dogecoin is more established, Cutoshi definitely has a higher chance of making moonshot profits. Thanks to its low supply of 440 million, Cutoshi could realistically reach $1.5. At this point, the token would only need to reach the top 100 cryptocurrencies.
With a low pre-sale price of $0.015, Cutoshi has real potential for moonshot profits. If it reaches $1.5, it can generate 10,000% profits for investors, like Doge, Bonk and Pepe in their early days. It's no surprise that Dogecoin whales are investing in this new cryptocurrency.
For more information, visit the CUTO official website or join the community at twitter.com/CutoshiToken” target=”_blank”>unknown and Telegram.
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>