Popcat, the viral meme sensation, hit an all time high of $1.67 before retracing amidst a wider turndown over the weekend, due to US election jitters. Meanwhile, Cutoshi the Lucky Cat raised over half a million dollars in a few weeks, as the coin is listed on CoinMarketCap.
POPCAT Shows How Abstract Humor Unites Crypto
Although POPCAT has seen a 13% retracement since its all time high, it has still outperformed the global crypto market (which dropped by 15%), and the meme market sector, according to CoinGecko. And many feel that this retracement is a natural part of cryptos’ daily highs and lows, even in a bull run.
But what’s the story of POPCAT? Like many internet memes, there’s something inane about POPCAT, which is basically a short video of a cat digitally edited to have a big open mouth like an O shape, causing it to pop.
This, however, allows for entertaining renditions of various classics, including Gangsta’s Paradise and Bohemian Rhapsody.
The POPCAT homepage is simplistic but tells us there is no buy-and-sell tax, that liquidity has been burned thus providing safety, and that it is 100% community-owned.
POPCAT (which is based on a short-haired cat called Oatmeal) is yet another one of Solana’s meme coin successes this year, and demonstrates just how the meme coin industry continues to grow and flourish.
The meme coin was recently listed on the centralized exchange OKX.
Cutoshi Brings Defi To The Top Of Its Meme Coin Ecosystem
Cutoshi, like Popcat, is a feline inspired meme coin. The Chinese Lucky Cat (Cutoshi’s avatar), dates back to the 17th century. And the Cutoshi team’s inspiration dates back to 2009, when Satoshi Nakamoto launched Bitcoin.
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So what’s the link? Essentially the Cutoshi mission appears to be to embody the principles explained by Satoshi Nakamoto – privacy, decentralization and freedom with money. Except with a cute meme and an 8-bit pixel style.
The team said they were brainstorming around ways to get ordinary investors to make the most out of decentralized finance and web3. And that’s how they came up with the roadmap for Cutoshi.
Grow an inclusive community, build a cross-chain and p2p dex, and make yield farming more engaging by adding a competition element (and of course the ability to earn high APYs not seen in TradFi). And release NFTs with rare utilities. Then offer a ‘Learning Academy’ to empower those who want to learn even more about more sophisticated topics such as v3 liquidity pools and margin trading.
CUTO is the native token and will be used for purchases in the merch shop (so people can wear the lucky cat or show their support in other ways).
CUTO has reserved 7% of the total token supply for burning, in order to keep the price going in the right direction.
The token is now 69% of the way through the second stage of presale after quickly selling out of the first stage. Since CUTO is now listed on CMC, the coin is expected to grow in popularity.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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