The DeFi industry has seen a boost as a result of more investors flocking into the crypto market as a whole. With more dApps and features introduced, creating greater demand for DeFi.
Top Defi projects like Chainlink (LINK) and Avalanche (AVAX) are relishing the prospect of a price surge from the growing demand. And a new project, Cutoshi (CUTO), joins in the profit sharing, bringing some extra unique features with it.
Chainlink’s Latest Updates To Boost DeFi Adoption
Chainlink (LINK) has built quite a reputation in the DeFi industry for connecting smart contracts to real-world data. The project is making headlines in the latest crypto news for two major updates. First is its staking mechanism that opens the opportunity for its users to earn big, and the Chainlink Cross-Chain Interoperability Protocol (CCIP).
The CCIP scales the interoperability of Chainlink (LINK), allowing it to serve many platforms, and developers are already getting sold on it. Recently, Mountain Protocol connected its stablecoin, USDM, to the Chainlink (LINK) CCIP to enable its operation across different chains.
Source: CoinMarketCap
With the crypto market warming up to DeFi tokens, Chainlink would very likely be one of the biggest beneficiaries of the resulting interest. On the Chainlink chart, the LINK price has registered 11.23% gains within a month, and that could be the starting point of a huge price pump.
Renewed DeFi Interest Sparks Bullish AVAX Price Prediction
Before now, there has been no serious AVAX news making headlines in the crypto news for some time now, but the renewed interest in DeFi projects has brought the spotlight to the top DeiF project. And now the AVAX price prediction is as bullish as ever.
First is Avalanche’s recent launch of a $40 million grant for developers, followed by the Avalanche9000 upgrade. The Avalanche9000 is Avalanche’s biggest upgrade since its launch. With these developments, Avalanche (AVAX) provides the right environment to match the surging demands for DeFi, and experts are tipping the AVAX price for a rapid surge.
Source: CoinMarketCap
Avalanche (AVAX) is currently trading 19.77% above its performance from last month and 3.83% on the weekly trends. A 10,000% surge could take the AVAX price to well over $2,500.
Cutoshi Brings Utility To Meme Coins With DeFi Features
For a long time, the meme coin market has craved some serious utility and Cutoshi (CUTO) has set out to take advantage by providing a DEX to meet this demand. Cutoshi is built on the Ethereum network, and the project builds on the network’s security and efficiency to create a platform where users can transact between different chains. With the Cutoshi DEX, swapping and trading becomes easier and more accessible.
The project offers a wide range of other features for DeFi users to unpack in the Cutoshi ecosystem. The Cutoshi Academy is a knowledge bank where members can learn about the DeFi industry and the meme project itself. Cutoshi also offers a farming option that rewards community members for completing tasks.
Also, according to its tokenomics, the Cutoshi project has deflationary measures in place to manage its value. 7% of CUTO’s total supply will be burned to create scarcity and increase the demand for the token. The CUTO token is selling at $0.022 in Stage 2 of its presale, and investors are stacking up their portfolios as they believe a price increase is on the cards as platforms start to list Cutoshi, as we have seen with the recent listing on CoinMarketCap. This listing further boosts visibility for Cutoshi.
Cutoshi Joins The Ranks Of DeFi Coins In High Demand
The DeFi projects like Avalanche (AVAX) and Chainlink (LINK) are always in high demand for the utilities they offer. With the increasing interest in the DeFi industry, top coins like LINK and AVAX are joined in anticipation by Cutoshi. With Cutoshi taking DeFi to the meme coin sector, the project has an advantage as it aims to break new ground.
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