Dogecoin has long stood as the most iconic and dominant memecoin. However, its recent performance leaves a lot to be desired. Its tokenomics and a lack of utility have been slowing its growth. That’s why a new memecoin, Cutoshi, aims to leverage its utility to give 100x gains.
Dogecoin Remains Dominant Despite Slow Growth
As the first and the most famous memecoin, Dogecoin (DOGE) has long remained dominant. At a market cap of $16 billion, Dogecoin is entrenched as the biggest memecoin of them all. However, its recent performance leaves a lot to be desired.
In the past month, Dogecoin was up just 10%, which is lower than many other memecoins. Its yearly growth of 88.54% was also slower than most. This is despite the big memecoin resurgence in the first half of this year.
While Dogecoin arguably has the largest community out there, its features are slowing it down. For one, due to operating on its own blockchain, Dogecoin has a lack of utility. There have been attempts to integrate Dogecoin ordinals into its chains, but these have been slow. Moreover, wrapped Dogecoin tokens, which could solve this issue, have been slow to expand on other chains.
At the same time, Dogecoin’s price also suffers from its inflationary nature. Because Dogecoin is a currency for payments, rather than investment, holding Doge can be disadvantageous.
Still, its large community could, in the future, fix these issues. This is why many investors are still holding on to their DOGE. However, others are already jumping ship, and investing in tokens that offer better returns.
Cutoshi Wins With Bold Vision for Utility
One of these promising tokens is Cutoshi (CUTO). Like Dogecoin, it is a memecoin, but a memecoin like no other. Thanks to its focus on utility, it attracts both memecoin investors and DeFi traders.
Cutoshi’s avatar comes from the Chinese Lucky Cat, a symbol that’s famous across the world. Now, the lucky cat is on the blockchain, bringing fortune to your portfolio. But Cutoshi also takes inspiration from the Bitcoin creator Satoshi Nakamoto. Like Satoshi, Cutoshi loves decentralization and digital freedom. For that reason, Cutoshi is building a whole decentralized ecosystem.
It will feature a multichain DEX, ways for users to farm tokens, and even NFTs. This complete decentralized ecosystem will be run by its own community. Moreover, it will enable everyone to trade with no restrictions, and with very low fees.
At the current presale price of $0.015, Cutoshi offers a major potential for gains. Because its total token supply is fixed at 440 million, it has a real chance to reach $1. For comparison, Doge never reached $1, despite being among the biggest crypto assets ever.
If Cutoshi reaches $1, which is very realistic, traders who invested at its presale price will have made serious gains. Moreover, this does not count staking rewards, quest rewards, or NFTs that they will also gain.
Conclusion
While Dogecoin remains dominant, Cutoshi is attracting traders who want massive gains. Thanks to its strong ecosystem plans, Cutoshi has the potential to reach $1 much faster than Doge. So secure your Cutoshi tokens now, for massive potential gains!
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