Ethereum (ETH) has started showing signs of life again, while StrikeX (STRX) continues to range.
A newcomer in the meme coin space is gaining traction: Cutoshi. This project bears all the marks of a crypto gem in the making, and analysts believe it could rise by 100x very soon. Let’s find out why.
Ethereum Is Consolidating On Higher Levels
Ethereum’s momentum has slowed down after it finally reclaimed $2,600. After months of ranging action, bulls have managed to break the downtrend, but a much bigger push is needed to bring Ethereum (ETH) above the $3,000 level. Currently, Ethereum sells for $2,620 with a 7.6% weekly increase.
Regulatory pressure continues to hinder Ethereum’s growth, and most recently, the SEC has postponed the decision on BlackRock’s application for options trading on its Ethereum trust.
Moreover, competition in the Layer 1 space is getting incredibly fierce with competitors such as Solana and BNB fighting to take Ethereum’s place one day.
StrikeX Is Still Ranging
StrikeX (STRX) is a blockchain platform for DeFi solutions that facilitates the trading of cryptocurrencies. Currently, StrikeX is struggling to break above the descending trendline as the chart is flatlining. StrikeX is priced at $0.032 with a 3% monthly increase and is sitting at $28 million in market cap.
Recently a security breach at the BingX exchange resulted in funds being stolen including a minor amount of StrikeX tokens. Thankfully the leak was promptly contained and the incurred losses were minimal.
In other news, StrikeX successfully launched the V2 version of the official StrikeX wallet, offering a refined interface and much faster transactions.
Cutoshi Is The Meme Coin Gamechanger
Beneath the playful gimmick, Cutoshi boasts a groundbreaking DeFi platform that could flip the meme coin script. $CUTO DEX is Cutoshi’s cross-chain decentralized exchange, connecting isolated blockchains in one place. Users will be able to swap between assets instantly.
Cutoshi will offer its community the opportunity to earn substantial monetary returns. Staking the $CUTO token and providing liquidity will lead to recurring rewards that could turn into a passive income stream for holders. Moreover, the projects will task users with completing fun tasks and missions that will earn them points. These points can be redeemed for even more $CUTO tokens.
Another intriguing aspect of the Cutoshi ecosystem is the Cutoshi Academy. A learning platform that seeks to bridge the knowledge gap and assist newcomers in learning the ways of crypto, understanding DeFi and building profitable portfolios.
Cutoshi is inspired by the Lucky Cats, present in Asian culture. These cute cats are displayed in stores and they are believed to bring good fortune and profits to businesses. Cutoshi brings this good fortune to the blockchain and to the hundreds of investors participating in the ongoing presale.
Stage 1 of the presale is live, and demand is rising. $CUTO is selling for only $0.015. This is the perfect entry point for buyers who want to be on the winning side of the utility-driven meme coin revolution. Analysts believe that $CUTO could see a legendary 100x moonshot as the crypto cycle progresses.
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