As interest in meme coin surges, the meme coin market is becoming more saturated with whale interest like never before. Considering the high volatility rate of these digital assets, many are looking to capitalize on their lucrative potential as the next bull run draws near.
Notably, Solana (SOL) and Polkadot (DOT) whale holders have been observed to be actively buying a presale meme coin – Cutoshi (CUTO). Given its impressive adoption potential due to top DeFi integration, Cutoshi is seeing a striking volume of demand in its ongoing presale.
Cutoshi (CUTO) Draws Large-Scale Interests With Its Distinct MemeFi Ecosystem
What really distinguishes Cutoshi (CUTO) from other meme coins is not just its expansion into the DeFi market, but more importantly, the approach it takes while doing this. Many early Cutoshi investors trust the potential of this new hybrid protocol due to its strong adherence to Satoshi Nakamoto’s Bitcoin core principles like decentralization, monetary empowerment and privacy— the same principles on which the DeFi platform thrives on.
By taking advantage of meme coin’s influential allure, Cutoshi storms the DeFi market with a fully decentralized ecosystem that offers a DEX platform that facilitates cross-chain crypto transactions, thereby enhancing interoperability. With other features like a farming mechanism, a DeFi-learning hub, and a buyback and burn token mechanism, Cutoshi positions itself as a top DeFi player with potential to draw the interest of whale investors.
Although Cutoshi is only a few weeks into its presale debut, however, it has successfully accumulated over $300K in revenue, selling its native $CUTO tokens for $0.015. Given its positive outlook, the token still holds enough room for growth in its presale and even after, especially as analysts predict a 100x growth for the token post launch. This makes now the best time to capitalize on Cutoshi’s imminent success in the meme coin market.
Solana Price Brims With High Bullish Sentiment Amid Network Surge
Just after closing September with a bullish recovery to $160, Solana (SOL) price dropped again, reaching around $130, even though its network activity maintained a surging state. After Solana dipped, it wasn’t long before it regained momentum again reaching as high as $150 in October.
Now consolidating in a weekly price range of $134.75 – $157.07, Solana price maintains a bullish sentiment as its holders are expecting a sooner surge to $200 soon, considering its past trajectories.
In the past month, Solana token has accumulated over 15% profits. However, the past year has seen the super fast crypto network conclude a 523% gain, leading bullish sentiment to stick with it. For the record, Solana (SOL) is also seeing a 110% surge in network, showcasing its rising interest.
Polkadot Price Drives Its Short-Term Holders To Diversify Amid Low Price
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Having dropped from a peak price above $11 to its lowest rate this year, around $4, short-term Polkadot (DOT) holders are forced to diversify with other tokens as most have suffered severe loss from its price drop. The current price of Polkadot token is particularly only 2% above its price this time last year.
This unimpressive growth is as a result of roughly 64% decline from its highest peak this year. To compound its woes, Polkadot price has also been unable to fight bearish pressures as the token saw a gradual decline that started from mid-March till date.
Meanwhile, Polkadot (DOT) is currently experiencing a 46.23% surge in network activity, which coincides with its positive network performance in the past few days. Owing to this, Polkadot token shows a dim light of finally resuming a bullish trend this year.
What Will It Take For Cutoshi To Outperform Solana?
If Cutoshi was just a mere meme coin, the chances of it surpassing Solana would be almost nonexistent. However, considering its vast DeFi potential and its vision to ease multi-chain interoperability, Cutoshi will start to show signs of being able to contend with Solana, especially if institutional interest in the token rises dramatically.
Furthermore, it would take more network advancements and partnerships and substantial adoption time in the DeFi market for Cutoshi to possibly surpass Solana.
For more information on the Cutoshi (CUTO) Presale:
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https://twitter.com/CutoshiToken
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