Crypto Traders Buy Bonk (BONK) Alternative Cutoshi (CUTO) Whilst Presale Prices Are Below $1: But for How Long?
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/Cutoshi/ – Bonk (BONK) became one of the hottest meme coins of the cycle, but as its momentum is slowing down, investors are on the lookout for undervalued alternatives that can bring the same massive price multipliers.
Many of them have started rotating funds into the presale of Cutoshi. This newcomer in the meme space is garnering significant attention by merging the lightheartedness of memes with the latest DeFi advancements. The result is a cutting-edge MemeFi ecosystem that could turn out to be one of the best plays of 2024.
Bonk Is Retesting Lower Levels, What’s Next?
Bonk (BONK) exploded in late 2023 with an eye-watering 100x surge which took place in the span of a few months. However, as market turbulence intensified in summer 2024, Bonk entered a hibernation period as its seemingly unstoppable momentum was cut short. After weeks of ranging, Bonk broke out of the descending trendline with a 35% monthly increase.
Currently, Bonk sells for $0.000023 with an 8.4% intraday drop and $611 million in trading volume. Bonk has come a long way from its humble beginnings as the first Solana-based dog token trying to be the next Dogecoin or Shiba Inu. Today the Bonk ecosystem boasts more than 130 integrations across 11 chains, acting as a unifying platform for DeFi, crypto gaming, and NFTs.
Cutoshi, the Luckiest Cat on the Blockchain
Cutoshi is a hot new meme coin inspired by the Lucky Cat in Chinese tradition. These cats are said to bring good fortune and wealth to businesses and Cutoshi does exactly the same on the blockchain. The project boasts a complex ecosystem that offers a wide array of features. Let’s find out more about them.
Cutoshi’s flagship feature is $CUTO DEX, a non-custodial, cross-chain exchange that seamlessly connects major blockchains in one place. Users will enjoy lightning-fast transactions at just 0.25% in fees. To sustain the exchange, Cutoshi redistributes 80% of the revenue from fees to liquidity providers, while the rest will go toward buybacks and token burns.
Moreover, investors will enjoy generous monetary incentives for engaging with the ecosystem via Cuto Farming, the project’s reward mechanism. Investors can provide liquidity or stake the $CUTO token for recurring rewards. They can also partake in various events or complete missions to earn cutopoints, which can be redeemed for additional $CUTO tokens.
One of the most interesting aspects of the Cutoshi experience is the unique Cutoshi Academy initiative. This is an educational hub that will bring DeFi to the masses and will offer support to newcomers who are taking the first steps of their crypto journey. The academy wants to simplify complex concepts like DeFi and help beginners create trading strategies to maximize their profits.
In addition to all this, Cutoshi will soon offer merchandise and an NFT collection to spread awareness and give the community their own tokens of good fortune, both online and offline.
Cutoshi is set to be the next Bonk rival and outperform many other meme majors such as DOGE and SHIB in growth in 2024.
For more information on the Cutoshi (CUTO) Presale visit the website.
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