ETH, SOL battle: Meme utility coin Cutoshi could tip competition ETH’s way

As Solana challenges Ethereum for the Layer 1 throne, the Ethereum-based underdog Cutoshi could provide the edge needed for Ethereum’s supremacy with its DeFi platform and presale.

Ethereum and Solana are entering a close-quarters fight as the latter is eyeing the Layer 1 throne. However, an Ethereum-based underdog in the meme coin space could give Ethereum the edge it needs to keep its supremacy.

Cutoshi leverages an innovative DeFi platform bringing much-needed utility to the otherwise hype-driven meme coin space. With investors flocking to its viral CUTO presale and analysts praising it as the next 100x.

Is it time for an Ethereum breakout?

After weeks of ranging action Ethereum has finally broken out. As sentiment is shifting, analysts expect further upward action in the upcoming weeks. The next big target for Ethereum could be $3,000 by the end of 2024.

However, centralization concerns are rising within the Ethereum community, as two block builders, Beaverbuild and Titan Builder account for more than 85% of the new Ethereum blocks produced in the first weeks of October. 

Meanwhile, Ethereum founder, Vitalik Buterin, has shared new insights regarding “The Surge”. This is an upcoming update set to further improve Ethereum’s scalability by boosting the interoperability with Ethereum-based layer 2 blockchains.

Solana struggling to reclaim key level

Selling pressure seems to be diminishing for Solana as traders are positioning themselves for an imminent surge above $160. At press time, Solana trades for $151 with a 2% decrease over the last 24 hours. If Solana flips the resistance and turns it into support, this move could pave the way for a climb to $200.

Recently, Solana reached a new milestone with $6 billion in total value locked (TVL) and over 6 million daily active addresses. This indicates that Solana continues to capture investor interest and could soon pose a challenge to Ethereum’s reign.

Cutoshi is bringing utility to memes 

Most meme coins are ill-equipped for long-term sustainability, as they are primarily hype-driven. Once the hype dies down, most of them plummet to near-zero never to be heard again. A handful survive as they become pump & dump grounds for whales. A select few become staples in the crypto landscape and adopt a utility-centric approach.

This is why Cutoshi could become among the outliers in this niche as it leverages a state-of-the-art, community-backed DEX platform that supports a multitude of blockchains and allows for seamless swaps across a wide range of assets for the lowest possible price.

To keep the community engaged, Cutoshi has implemented a unique reward system nicknamed Cuto Farm. Users will reap monetary prizes by staking CUTO, providing liquidity, or completing missions and tasks aimed at maximizing Cutoshi’s presence in the crypto space. 

Moreover, NFTs and merchandise will soon be available. Users will be able to rep their favorite meme coin both offline and online while spreading Cutoshi’s message, inspired by the teachings of Satoshi Nakamoto. Cutoshi focuses on decentralization and privacy and has a very simple goal: to bring good fortune to its community just like the Lucky Cats of Chinese tradition bring prosperity to businesses. 

Now, Cutoshi understands that beginners might find crypto and DeFi to be quite overwhelming and complex topics. This is why the Cutoshi Academy initiative was created. Beginners will receive help in building a profitable portfolio while learning the ins and outs of DeFi.

The second stage of the CUTO presale is now live and the token sells for $0.022. Once Cutoshi hits the markets, analysts expect a 10,000% rally when the bull market is in full swing. 

For more information on the Cutoshi presale, visit the official website: https://cutoshi.com/

Join and become a community member: https://twitter.com/CutoshiToken, https://t.me/cutoshi