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It is an age-old technique to diversify an investment portfolio. However, the recent market downturn has prompted many crypto investors to take this process even more seriously. With top cryptocurrencies struggling to register profit, investors are now seeking solace in fast-rising altcoins like Hedera (HBAR), Toncoin (TON), and presale star, Cutoshi (CUTO).
Meanwhile, analysts are anticipating that Cutoshi will become the next 100X token to grace the meme coin market due to its unique DeFi attributes. Could this statement hold some water? Let’s find out.
Cutoshi DeFi Integration Could be the Missing Piece for an Explosive Meme Coin Market
Following its recent debut in the presale market, Cutoshi (CUTO) has been attracting a lot of attention, both in the meme coin and DeFi market. The reason for this, however, is not far-fetched considering how the Chinese Lucky Cat-inspired meme coin project integrated DeFi elements to appeal to a broader audience.
Cutoshi adopted Satoshi Nakamoto’s ideals by prioritizing decentralization, privacy, and monetary freedom. In particular, the Cutoshi ecosystem encompasses community-focused features, including a multi-chain exchange called Cutoshi DEX, a farming mechanism, and a custom NFT marketplace, among other things.
In an attempt to spread the gospel of decentralization to a broader audience, Cutoshi introduces a learning academy, which will be available to participate in when it officially launches on the mainstream crypto market.
Meanwhile, the native CUTO token will facilitate every transaction within the ecosystem, further suggesting that its tokenomics will support long-term value growth. Currently, Cutoshi is in its ICO phase, with each CUTO token selling at a modest price of $0.015 in the first presale stage.
Toncoin Price Movement Demonstrates Resilience Despite Major Roadblock in Q2
Unlike the majority of the top altcoins struggling to recover from the recent dip, Toncoin (TON) holders have enjoyed a rather progressive year. Although, in comparison to its yearly ATH, TON price has taken a nosedive from a high of $8.17 to its current weekly price range of $5.7 and $5.8.
However, the Toncoin price has generally recorded a steady increase for the most part of the year, especially considering that it traded as low as $2.16 about a year ago. Als, Toncoin news suggests that the upcoming Telegram airdrop could help the native TON token reclaim the ground above the $7 price mark.
Hedera Price Exhibits Bullish Sentiment Amidst a Declining Price Movement
After reaching a yearly peak of $0.16 at the beginning of the second quarter, Hedera’s (HBAR) price has since nosedived to its lowest point in the year, at time of writing, trading as low as $0.046. This major decline has steered a lot of controversy around the token with many token holders seeking solace in presale stars like Cutoshi.
However, following the recent market revitalization, the Hedera network has witnessed an influx of activities within its network, resulting in a noticeable price surge in the past week and month. Currently, the native HBAR token is priced within a weekly price range of $0.052 and $0.059, reflecting a noticeable 13% increase. This price surge has also helped the token recover some lost ground both in monthly and year-to-date charts.
Can Cutoshi Dominate Top Altcoins Like Hedera and Toncoin?
Cutoshi’s ability to thrive in both meme coin and DeFi markets is not only commendable, but also underscores its potential to outperform well-established cryptocurrencies like Hedera and Toncoin alike.
For more information on the Cutoshi (CUTO) Presale:
https://cutoshi.com/
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
