During the last bull cycle of 2021, Dogecoin reached huge highs as retailers and new traders got excited about the iconic dog meme. Although the price then fell once the bull market ended, Dogecoin remains popular.
Cutoshi is another coin gaining popularity during the current cryptocurrency bull run.
Coins like DOGE are booming, but a new breed is on the rise.
Now that we are in a new cycle, DOGE is on the rise again, up 428% on the one-year chart and is the 6th largest coin by market cap. But what’s next for memes and crypto? Some think it’s evenFi.
In a recent speech at Token2049 in Singapore, the analyst Mourad said that meme coins are this year’s supercycle.
Murad explained that most retail investors are not interested in complex technical improvements, such as why a blockchain is slightly better or faster, but are instead attracted to the simplicity and viral appeal of memes.
He sees memes as key to converting ordinary people into crypto enthusiasts. However, he believes that Dogecoin is old news and new coins are the way forward.
We share this point of view and go further.
While zk-rollups and the latest Ethereum and Cardano updates may not be of interest to the majority of new crypto users, they will be interested in the monetary freedom and earning potential that DeFi offers.
With real inflation rising, everyone is feeling the impact of rising prices, and while interest rates are higher than before, they still lag behind what DeFi can offer. For example, stablecoin returns can be as high as 35% or more, whereas at the bank you’d be lucky to get better than 6%.
And that’s why MemeFi is gaining support and the hashtag was recently trending on X for the very first time.
What is MemeFi and why is it the next step for Meme Coins?
MemeFi are projects that are primarily a meme, like Shiba Inu, Floki Inu or Cutoshi, but which also offer their holders ways to enjoy the benefits of DeFi. Dogecoin is not memeFi, although some might point to the Doginals inscriptions, but for most people it is something too technical to care about.
While you can go online and take a course on DeFi, most people won’t – unless they have a good reason.
So memeFi projects like Cutoshi must first attract a large community by using an engaging meme and a fun community strategy that promotes engagement and things like creating memes and completing quests to earn more coins – similar to yield agriculture.
As holders and community members begin to see the financial benefits of DeFi, they will become more involved and want to learn more.
Education will be a key part of this, so Cutoshi is going to have a learning academy that will present information in a fun and easy to digest way.
Which MemeFi projects will people choose?
Although Shiba Inu and Floki Inu do things like this, they are large-cap coins that Murad believes have had their day. A new memeFi coin like Cutoshi will get people excited about its possibility of growing much higher and the popular sensation of something new.
Cutoshi is on pre-sale, available at a low price to reward early backers, with many DeFi features in the works, like an easy-to-use DEX to get people started in Web3 and DeFi, and then more advanced features like the staking or providing liquidity.
For more information on the Cutoshi (CUTO) presale:
https://cutoshi.com/
Join and become a member of the community:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
This is a sponsored post. The opinions expressed are solely those of the sponsor and readers should conduct due diligence before taking any action based on the information presented in this article.