Shiba Inu has made huge gains since its creation back in 2020, but since then the meme coin market has expanded and new projects with utility are being announced.
One such project is Cutoshi, a revolutionary new meme coin that just entered its 2nd presale phase.
Experts Predict Shiba Inu To Grow Despite Growing Meme Coin Competition
Shiba Inu made decent gains over the past month, rising 22% to a market cap of $10.4 billion. Despite the recent dip of 5.75% over the past week, experts predict a healthy future for Shiba Inu. Changelly predicts that Shiba Inu will rise 47% by January 2025 and 716% by 2030. These huge gains for Shiba Inu are supported by the overall meme crypto space gaining traction with new projects like Cutoshi emerging.
Cutoshi Attracts Investors With Meme Appeal And DeFi Utility
Investors are optimistic about Cutoshi, a MemeFi coin that combines the entertaining appeal of meme tokens with the functional aspects of DeFi. Inspired by the Chinese Lucky Cat and the principles of Satoshi Nakamoto, Cutoshi seeks to bring prosperity to the market while promoting decentralization.
The project aims to build a comprehensive DeFi/MemeFi ecosystem with the Cutoshi DEX. This decentralized exchange will allow users to swap tokens across multiple blockchains using their custodial wallets. It also includes a peer-to-peer feature, enabling anonymous transactions on the blockchain.
Additional features include farming, group quests, community engagement, and the opportunity to earn CUTO tokens and other rewards, all of which contribute to creating a more inclusive DeFi experience.
Cutoshi is already attracting attention from both whales and retail traders, having recently been listed on CoinMarketCap and raising over $550k in just a few weeks. Currently, in its second presale stage at $0.022, Cutoshi’s price is expected to rise throughout the presale. This means Cutoshi has greater potential to take over Blockdag’s presale due to the overall ecosystem offering more to crypto users.
BlockDAG A Promising Layer 1 Network With Mining Potential But Less Room For Early Gains
Like Cutoshi, BlockDAG is another presale token generating excitement due to its potential for high returns. It’s a Layer 1 network built on a directed acyclic graph (DAG) structure, enabling improved scalability. What’s getting attention with BlockDAG is its mining capabilities. While 33.3% of the token supply is available for purchase during the presale, 50% has been allocated for mining.
Once the BlockDAG blockchain is fully operational, it will support smart contracts, NFTs, and focus on DeFi. However, BlockDAG is further along in its presale compared to Cutoshi, having been live for several months.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
Why Cutoshi’s Early Presale Could Offer Greater Upside Than Blockdag
As Shiba Inu continues to hold its top position in the meme coin market, Cutoshi is quickly growing with its innovative DeFi features and MemeFi appeal. Cutoshi is offering early investors the chance to capitalize on its potential gains.
Unlike Blockdag, which is further along in its presale, Cutoshi offers greater upside potential as its comprehensive ecosystem of decentralized exchanges, farming, and rewards sets the stage for massive future growth.
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