Ethereum and Bonk whales are opting for Cutoshi before it appreciates

Since its launch for pre-sale, Cutoshi has generated a lot of buzz as a unique meme coin. With Ethereum and Bonk eyeing their potential, investors are wondering if Cutoshi can outperform them.

Since the launch of Cutoshi in the pre-sale market, hype around the coin has been growing due to its unique features as a meme coin. As it gains more attention, Ethereum (ETH) and BONK are targeting this token due to its potential to generate high returns.

Both Ethereum and Bonk prices are reflecting upward movement in the past week. However, with their whales turning their heads towards Kotoshi (CUTO)investors are left wondering if this new memecoin can actually outperform Ethereum and Bonk combined.

Cutoshi shows unprecedented growth potential – where the whales are sticking

Typically, memcoins are known to be highly volatile, with their rise reflecting the explosive growth that stems from their online hype. Kotoshi It is capitalizing on this trend by incorporating profitable DeFi instruments, which have captured the attention of major investors and positioned them as the biggest potential winners this year.

Inspired by the Chinese lucky cat known for good luck, wealth and progress, this pre-sale star represents the best Ethereum utility memecoin of the year. Cutoshi memecoin, with an eye to increasing DeFi participation globally, focuses on the core principles of DeFi including privacy, freedom, monetary empowerment, and anonymity.

Essentially, Cutoshi’s ecosystem features a multi-chain decentralized exchange (DEX) for exchanging cryptocurrencies across multiple chains. Also, in an effort to increase its earning power, Cutoshi offers users a farming mechanism where they can earn rewards while completing quests. Along with these features, there is an educational academy on the platform to spread DeFi knowledge to the masses.

Meanwhile, the platform’s native CUTO token adopts a deflationary repo mechanism. This automatically increases the chances of progressive value for the CUTO token as its demand is bound to increase due to scarcity. Already selling for $0.015 in the first pre-sale, whale investors are showing interest with some investing in Cutoshi to capitalize on the next price jump to $0.022 – a 46.66% gain for early birds.

Ethereum price maintains low momentum as whales exit the ETF market

About a week ago, Ethereum saw a significant outflow from its spot ETFs, contributing to its already slowing momentum throughout September. Recent data It appears that The net outflow from Ethereum ETFs was approximately $79 million. Following this negative sentiment around Ethereum ETFs, the price of Ethereum also declined.

Ethereum price barely moved above the $2,639 resistance mark due to the month-long bearish momentum. However, the weekly chart reflects a roughly 9% increase despite an 8% decrease in network activity. This has led bullish investors to believe that the leading altcoin will bounce back, potentially covering its 46% drop below ATH in the next uptrend.

Bonk is experiencing long-term consolidation after the price peak in March

Just like many other meme coins, Bonk Coin was a top contender during the meme coin craze that occurred from late Q1 to Q2 of this year. However, after the overall market decline, Bonk Coin has long entered a consolidation phase as it struggles to achieve upward pressure.

He said that, Bonk currency price It just posted a notable weekly price increase of over 15%, with its network volume seeing a daily record of over 16%. As Bonk Coin struggles to break out of its monthly resistance area, previous sentiment, including the 100 and 200-day moving averages between $0.000020 and $0.000021, points to a potential rally for the token in the next bullish wave.

Can Kotoshi surpass Bonk this year?

Compared to Bonk, whose network barely serves any useful purpose, Cutoshi presents itself as a meme coin with DeFi tools and utilities that transcend the meme coin void.

Since Cutoshi has just started its preview, there is a higher possibility of it overtaking Bonk next year than this year.

For more information, visit Official website of CUTO Or join the community on X and cable.