As well as new Bitcoin all-time highs, 2024 has been the battle of the meme coins, with the Solana and Ethereum ecosystems competing as the most popular chains for memes.
Cutoshi is an Ethereum-based meme coin that recently hit the no.1 trending spot on X as it went viral around the world.
The Benefit Of ERC-20 Meme Coins
Ethereum hosts many of the top meme coins, including Shiba Inu, Pepe, Floki Inu, SPX6900, Mog coin, the D.O.G.E (Department of Governmental Efficiency) and more. Although Solana offers faster transactions and lower fees, Ethereum offers unrivaled liquidity, as well as the biggest resource of DeFi dapps.
A look at Defillama proves this, as we see that as of today, Ethereum has around 62% of all the crypto locked on chain (TVL), as opposed to Solana’s 10%.
Ethereum is also the safest of all the chains as it is the most decentralized, making it immune to 51% attacks.
For Ethereum, the emergence of projects like Cutoshi is a reminder that its platform remains the go-to for serious innovation in the meme space.
Cutoshi Trends On X And Raises A Significant Amount
Cutoshi’s moment in the spotlight became clear when it hit the number 1 trending spot on X. After that, interest in the project grew massively, gaining attention from influencers, crypto enthusiasts and more, with people sharing cute memes and posts.
This fame has translated directly into presale growth, with over $100k raised in under a day.
Having already raised over $900k, the project is on the cusp of breaking the $1 million milestone. With its fully diluted market cap currently at a mere $11 million, investors see the potential for significant returns once the token is listed publicly.
Cutoshi Does DeFi
Memes aside, Cutoshi has a serious purpose, and that is to bring DeFi to all. The team wants The Lucky Cat coin to serve as a kind of gateway into DeFi, introducing Web3 to a new generation of crypto inventors. They also want to make it easier for existing users too.
The project’s cross-chain DEX is built to make trading easier, connecting blockchains and cutting out the usual technical barriers. This feature could prove especially valuable as more casual investors explore decentralized finance.
Adding to this, the Cutoshi learning academy is designed to demystify DeFi for beginners. By offering clear, actionable resources, the academy will equip users with the tools they need to participate confidently in this growing sector.
Beyond these core features, Cutoshi is layering in unique utilities. An upcoming NFT collection will integrate directly with the ecosystem, offering holders exclusive DeFi-based benefits such as trading fee discounts.
The project also plans to launch a merchandise shop, with discounts available for those paying with $CUTO. These elements tie together to create an ecosystem that blends usability, education, incentives for token holders.
Community And Future Milestones
The community behind Cutoshi has been one of its biggest assets. Organic engagement on X and endorsements from influencers have driven interest in the presale, this energy shows no signs of slowing down. The community are taking part in quests and challenges, with over 2000 people participating.
With $1 million in presale funding well within reach, the project is likely to continue to sell out of each presale stage quickly.
After that, the next step will be exchange listings and broader market exposure. If the team can maintain this momentum, the project is well-positioned for a breakout year.
The Case For Cutoshi
Cutoshi is bringing something new to Ethereum. Viral appeal plus tangible use cases and key features like the cross-chain DEX.
For those watching from the sidelines, the combination of timing, utility and community makes it a project worth considering. Whether Cutoshi becomes a breakout star in 2024 remains to be seen, but for now, it’s a meme coin with serious momentum.
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
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