For years, Cardano was one of the biggest names in crypto. Its focus on peer review and safety has captured the attention of traders. However, experts have seen several issues with the network. This is leading some to suggest that utility-driven memecoin Cutoshi (CUTO) could soon take its place in coin rankings.
Cardano Has Solid Tech, But Slow Growth
The science-focused Cardano (ADA) has created a reputation for slow and steady development. The network has a robust tech foundation and avoids making fast changes in the name of safety. However, experts point out that this approach is paying out very slowly. Moreover, its recent performance has been underwhelming.
Currently at $0.3387, Cardano is down 1% over the last month, and down 1% in the last week. The token failed to capitalize on the latest rally in mid-September. However, this is not where its underwhelming performance stops. In the last year, Cardano rose just 35%, underperforming most major tokens.
The long-term trends are even worse. Cardano is down 89.05% from its 2021 all-time high of $3.10. While most utility tokens recovered, and some are within striking distance of their ATHs, ADA is lagging. Despite its focus on stability and safety, experts suggest that ADA’s long-term trajectory performs more like a memecoin with little utility.
The crypto industry as a whole has taken a “build fast, break things” approach. In this sense, Cardano is a major outlier. It remains to be seen if this will pay off for ADA. However, experts are currently not optimistic, sugegsting that Cardano may be left behind.
Cutoshi Could Overtake Cardano By 2025
While Cardano is struggling, viral sensation Cutoshi (CUTO) is capturing attention. Its explosive presale could soon set this token much higher, putting it on a path to surpass ADA.
This token takes its inspiration from the Chinese Lucky Cat and Satoshi, the legendary creator of Bitcoin. As such, it combines the fun of memecoins with DeFi utility. In addition to being a viral memecoin, it is also building a whole DeFi ecosystem to drive its utility.
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Cutoshi’s ecosystem will feature a multichain DEX, token farming, community rewards, and NFTs. All of these features add utility and reward traders. Moreover, its crypto academy will help onboard new users, growing the crypto industry.
The Cutoshi DEX will also contribute to CUTO’s tokenomics. By burning a portion of its revenue, CUTO becomes a deflationary token, further boosting its chances. For that reason, Cutoshi appeals both to memecoin traders and DeFi investors.
Thanks to its strong utility and the viral nature of memecoins, Cutoshi has major potential. Experts believe that a rise from its presale price of $0.015 to $1.5 and beyond is entirely realistic. This would put Cutoshi into striking distance of Cardano, especially as ADA loses steam.
Conclusion
Due to Cardano’s slow performance, Cutoshi has a real chance of surpassing it by 2025. Thanks to its solid tokenomics and real utility, the project could reach the top 50 tokens within that period. What is more, it could deliver 1000x gains to traders on that path.
For more information on the Cutoshi (CUTO) Presale:
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https://twitter.com/CutoshiToken
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