After Bitcoin rejected the $90,000 price target, the market saw volatility with long-term holders taking profits. However, today, Bitcoin is gradually recovering and currently stands at around $87,800.
While most coins were in the red yesterday, one project – Cutoshi, was firmly sitting in the green and was trending on X in the US for eight hours.
$CUTO, Cutoshi’s native token, also managed to go viral on a global scale, as X-users around the world simply couldn’t stop posting and discussing the new memeFi project.
Today, DOGE is trending on X, showing the power of memes as the crypto launches into full bullish mode.
Interestingly, the screenshot below shows that some things trend “only on X”, while others, like $DOGE and $CUTO, trend across the entire internet.
So why is $CUTO trending?
To understand this, you need to know more about the project and its fundamentals.
Cutoshi is a new coin that is gaining popularity due to its hybrid nature. Unlike DOGE, Cutoshi is a utility coin that provides convenient features to its users. Cutoshi is inspired by Bitcoin and idealizes Satoshi Nakamoto’s vision of widespread mass adoption of decentralized finance (DeFi).
Cutoshi aims to bring DeFi to the common man using its fun ecosystem, which incorporates a sophisticated DEX (decentralized exchange) and an academy that helps spread its mission.
The Cutoshi DEX is a multi-chain exchange that offers efficient peer-to-peer asset trading. Its outstanding feature is that it offers a trading environment with low fees and fast speed across multiple blockchains.
Additionally, Cutoshi is committed to educating investors through the Cutoshi Academy, which offers courses covering the basics of DeFi technologies and cryptocurrency. New investors can learn more about DeFi using the engaging content provided by Cutoshi and discover new strategies for building wealth over an extended period of time.
Cutoshi has successfully launched the long-awaited token farming, and thousands of members have already started farming. Farming activities include completing various fun quests and challenges to obtain CUTO points. After accumulating a threshold of these points, members can convert them into CUTO tokens.
Fundamentals, usefulness, appeal to memes and community popularity!
Ultimately, when a project like Cutoshi comes along, with great fundamentals, vision, use cases, and an iconic meme, it’s bound to be noticed by the broader crypto community.
As people look for the next big thing in crypto, X’s data shows us that they’ve figured out that Cutoshi provides it all.
The recent trend on CUTO is currently valued at $0.0259 in the third stage of the presale, and the price is expected to increase as each stage sells out. The third stage is already 25% sold out, so those who want to get in before the price increases may want to lock in this price as soon as possible.
For more information on the Cutoshi (CUTO) presale:
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