In the last year, Polygon has decreased by 43%, performing very poorly compared to its peers. After topping in 2021, it has not been able to come close to the all-time high. This weak performance in Polygon (MATIC) has made investors look for opportunities to replicate those early gains.
Last week, some of the Polygon whales shifted to Cutoshi (CUTO) meme coin. Cutoshi has already cleared the first phase with strong demand, and the second phase is selling out quickly.
Polygon (MATIC) Trading Near 52-Week Low
Despite the recent development of the shift from the native token MATIC to POL, Polygon has been one of the weakest coins in the market. Last month, it showed some recovery, increasing nearly 21%, but afterward, it again fell back to the $0.35 support level. Now, it is trading at a 52-week low price of $0.335. If the current support level is broken, we can see it happening in the coming days.
Shifting to recent developments around Polygon, Moonveil has revealed its upcoming node sale details and announced a major investment from Polygon Labs. Built using the Polygon Chain Development Kit (CDK), Moonveil’s new platform will integrate with AggLayer, enabling smooth cross-chain interactions. This will let users easily connect with multiple blockchain networks.
In a recent blog, Polygon Labs explained AggLayer’s purpose. Through blockchain, the Internet now includes money and user-owned value. However, the Web3 version of the Internet has become fragmented. AggLayer aims to fix this by creating a unified crypto ecosystem, opening up new possibilities across various use cases.
Cutoshi (CUTO) Becomes Safe Haven For Investors
Recently, many large-cap cryptocurrencies have faced losses, which has impacted investors. However, some investors who shifted to Cutoshi (CUTO) in the first stage have already seen gains from $0.015 to $0.022 (a huge 46.6% jump) in the second stage. Its good luck charm and utilities have impressed investors and made it an emerging player in the Web3 market.
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Cutoshi, inspired by the traditional Chinese Lucky Cat and Bitcoin founder Satoshi Nakamoto’s DeFi dreams, aims to bring good luck to investors’ digital assets. Embracing Nakamoto’s vision of decentralization, privacy, and monetary freedom.
The Cutoshi DeFi hub offers a range of community-driven features, including a decentralized exchange (DEX) and staking protocol. Its platform supports cryptocurrency trading across multiple blockchains. Other notable features include a token farming mechanism, a learning academy to bridge knowledge gaps in DeFi, and rewards like NFTs.
In addition to simplifying asset swaps across chains, the Cutoshi Merch collection brings more color to the community, allowing users to show their passion for crypto and Cutoshi fun.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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