Cutoshi is a new utility-based meme coin that aims to influence the DeFi market and enjoy the benefits of the meme sector. In its presale, Cutoshi has seen a huge inflow of crypto enthusiasts, surpassing the $1 million mark in the third stage.
Ripple Introduces a New Era for Tokenized Assets on XRP Ledger
Ripple has introduced the first tokenized money market fund on the XRP Ledger. The fund features Abrdn’s $4.77 billion US Dollar Liquidity Fund. Rumors of an XRP political connection and ETF rumors accompanied the recent run in Ripple. This is another development that positively impacts Ripple’s price.
The implementation of this program illustrates XRPL’s increased acceptance as a method to tokenize real-world assets (RWA) and connect the world of institutional decentralized finance (DeFi). Ripple confirmed that this advancement was made through the joint effort of Archax, the leader in digital securities exchanges. By using XRPL for capital markets infrastructure, the initiative aims to deliver cost savings and improve settlement efficiency.
Dogecoin Retraces After Massive Rally
Dogecoin has exploded in price over the past month, but the current price pullback is unsurprising. After a highly volatile and bearish weekend, Dogecoin’s price dropped nearly 10% in 24 hours, closing at $0.36. Whale Alert reported that a whale transferred $84,591,504 in DOGE for $0.428 per coin. Noting that this transfer occurred on the cryptocurrency exchange Coinbase indicates a possible selling pressure.
On the positive side, open interest in Dogecoin options reached $4 billion on the weekend, the highest in history for the well-known meme coin. Information from CoinGlass also indicates that on Saturday, crypto futures traders placed $4.06 billion on Dogecoin. This decrease to $3.6 billion as of Monday should not lessen its significance as a milestone.
Cutoshi (CUTO): Utility Meme Coin to Launch on Ethereum
Cutoshi is emerging as a new player in the cryptocurrency space, which has attracted a lot of attention from investors looking for new opportunities like DeFi activities amid the volatility of established altcoins. Lately, it has had a tremendous reservoir of demand that has made it a target for investors seeking a major. Inspired by the Chinese Lucky Cat, a symbol of success, progress and wealth, Cutoshi incorporates this tradition into its logo, fostering a positive and ambitious mindset within its ecosystem.
As a MemeFi token, Cutoshi operates within a DeFi-based ecosystem that allows users to swap cryptocurrencies seamlessly across multiple blockchains using its decentralized exchange (DEX). This multi-chain DEX simplifies transactions and lowers costs, making it an attractive option for investors looking to diversify their portfolios efficiently.
Cutoshi takes a community-centered approach. It is, in effect, a hybrid model that consists of traditional financial services known for profitability and the DeFi segment known for transparency, trust, and decentralization. Its protocol implements a farming model that requires users to accomplish certain tasks to collect bonus items. The Cuto token, NFTs, and special items are motivational tools promoting active communities and players in the Cutoshi ecosystem.
With the current bull market and Ethereum’s potential growth, it could contribute to a more open and decentralized crypto landscape if it continues on this path.
Over 80% of Stage 3 of Cutoshi’s token sale has already been sold out at $0.0259. Adding to the excitement, Cutoshi has launched a $2,000 meme contest, inviting its community to showcase their creativity and spread the word about the token. Participants can create viral-worthy memes, tag @CutoshiToken on X and use the hashtag #CutoshiMeme to enter the competition. The contest is live now and runs until December 4, offering a chance to win a share of CUTO tokens while celebrating the vibrant and imaginative spirit of the Cutoshi community.
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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