Cutoshi Is shakes up meme market with Its DeFi hub; TON & SHIB investors notice

Savvy DeFi traders are increasingly turning their attention to Cutoshi, a new memecoin currently in presale, which is drawing interest from investors of established tokens like Shiba Inu and Toncoin.

Cutoshi (CUTO) is generating buzz with its unique approach, blending a MemeFi initiative with core DeFi principles. Experts predict strong growth potential for this token, and many large investors from the Shiba Inu and Toncoin communities are already participating in its ongoing presale.

Cutoshi: A Memefi Token with a DeFi Ecosystem

Inspired by the Lucky Cats of Chinese and Japanese folklore, Cutoshi aims to bring prosperity and innovation to the blockchain space. The token embodies DeFi values such as decentralization, monetary freedom, and privacy. At the heart of the Cutoshi platform is a decentralized exchange (DEX) that facilitates quick and cost-effective cryptocurrency transactions across various blockchains. Additionally, users can earn CUTO tokens through a farming mechanism that rewards them for completing tasks and quests.

Cutoshi also prioritizes education in its Learning Academy, helping newcomers grasp essential skills in asset management and trading. Over 80% of its total supply of 440 million tokens is allocated for user rewards, with 7% designated for a buy-and-burn mechanism to enhance demand and value for CUTO.

Currently, the token is priced at $0.015 in its first presale stage, and analysts are predicting a potential 100x growth, positioning Cutoshi to compete with other major meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), which lack significant utility.

Toncoin: Signs of Recovery

Toncoin has been struggling since it dipped below $6 in late August, with attempts to recover stalling at $5.8 in mid-September. However, recent trends indicate that TON is consolidating and may be on the verge of surpassing the crucial $6 mark. Analysts are optimistic about a potential bull run that could see Toncoin reach its yearly peak of $8.1, fueled by a 27.54% spike in network activity, according to CoinMarketCap.

Shiba Inu: Mixed Sentiments

Shiba Inu experienced a dramatic surge in late September, with prices soaring over 80% to reach $0.00002132. However, it subsequently fell below $0.000018, closing the month with only a 24% gain. While SHIB has risen over 8% in the past week amidst bearish pressure, some holders are diversifying into newer alternatives like Cutoshi.

Can Cutoshi Outperform Shiba Inu This Q4?

With its innovative MemeFi model and robust DeFi features, Cutoshi seems poised for unpredictable gains this Q4, potentially outpacing Shiba Inu. As a presale memecoin, Cutoshi has significant growth potential that could play a crucial role in its competition against established tokens like SHIB.