It’s been yet another wild week for Bitcoin and crypto, and many see that the market is poised for a breakout rally, especially given the news that the Mt Gox repayments have been delayed until 2025. This reduces selling pressure on Bitcoin and in turn, altcoins can also surge.
Some meme coins such as Neiro are up by as much as 4370% over the past week, so where can investors look to get the next big coin?
Experts are turning their eyes to a new coin in presale – Cutoshi. The memefi coin has been attracting a lot of attention in the last few weeks, raising over $500,000 in presale.
Why Cutoshi?
Given that so many meme coins are created every day, why is Cutoshi special?
In 2024 we have seen the release of Solana’s meme coin creator pump.fun, and Tron’s copycat platform Sun Pump. The good thing about these projects is that anyone can release a meme coin without needing to be a coder. But the bad thing is that a lot of low quality coins have flooded the market.
So how can we tell a good meme coin from a bad one?
While there is always an element of luck in what makes a coin go viral, good meme coins have a few things in common
- A Strong Vision
Cutoshi embodies a strong vision as it is based on the principles laid out by Satoshi Nakamoto – namely decentralization, privacy and monetary freedom.
It plans to execute this by building an easy to use multi chain decentralized exchange which means that people can get involved in on chain trading and reduce their reliance on CEXes such as Binance
- A Meme-Able Concept
If there’s one thing we know about crypto it’s that people love Dogs, from the OG Dogecoin, to Shiba Inu, to the latest offering Neiro. But we also know that people love frogs and cats as we have seen by the success of tokens like Pepe, cat in a dogs world (MEW) and most recently, Simon’s cat.
Cutoshi is based on a cat but not just any cat – the prosperity generating ‘Lucky Cat’ featured in Chinese and Japanese homes and businesses all around the world. The waving cat has become a universal symbol of good luck that everyone can recognise.
- A Strong Community
For a meme coin to go high and keep gaining momentum, a devout community is needed. These people will continue to hold the coin no matter what, as they believe in the project and the coin’s future.
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Cutoshi is in the early stages but is already cultivating its community and devising ways to bond with their fans.
One of these methods will be a quest and engagement competition that will put the top contributors on a leaderboard. Each successfully completed quest will result in points that can be exchanged for more CUTO tokens, or other things within the ecosystem such as fun merch.
- Utility And Use Cases
Not all memecoins have utility, but the most successful ones by market cap do. Though many people criticize DOGE for its lack of development, the fact is that it wouldn’t be where it is today if it hadn’t been for its utility as a tipping bot on Reddit.
More recently people have been able to inscribe dogecoins with images using the Ordinals Protocol from Bitcoin, named Doginals.
Shiba Inu, the second largest memecoin, is packed with utility as it has its own DEX, and now its own blockchain, merch, and ways to spend it in ordinary shops.
Cutoshi will also have its own DEX, NFTs, merch, and a learning academy, where items can be purchased with CUTO for discounts.
Final Thoughts
Cutoshi has a lot of the ingredients that make a massive memecoin. And right now it’s in presale meaning that it’s like getting in on Neiro or Dogecoin at the ground floor.
Given that whales have bought over $500,000 worth of the new token in just a couple of weeks, and the price is currently $0.022, the price would need to rise by 4445% to reach $1. And as we can see from Neiro’s recent performance, this is very achievable.
All memecoins come with risks but also offer the potential of very high rewards, and given the factors above, Cutoshi could be the next millionaire maker.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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