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Finding stability in the crypto world is a humongous task, considering the inherent volatility of the market. Amid these uncertainties, Bitcoin is still growing strong. However, a new project’s growth has eclipsed the rise of BTC.
Cutoshi is a newly launched utility meme coin, which is making big waves within the crypto market. The popularity of the project can be assessed by the fact that it has raised over $213,000 within days of its presale launch.
Bitcoin Spot ETFs See Massive Inflow
Bitcoin’s acceptability and demand are increasing as investors, across the globe, have increased their trust in the King coin. As per the latest on-chain data, Bitcoin spot ETFs have logged in more than $1 billion in net inflows during the last week. This is the highest jump in the Bitcoin spot ETFs since July.
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A key reason behind this surge could be the latest interest rate cut by the Federal Reserve. Another factor could be Japan’s latest stance on cryptocurrencies. As per some media reports, Japan could revamp its crypto regulations. Reportedly, the country could consider reducing taxes on digital assets, which could further boost the demand for Bitcoin.
The optimism can be seen in the price movement of Bitcoin. In the past month, the market value of BTC has surged by 8%. Currently, Bitcoin is available for $63,491. Given the current market trends, and global financial arena, BTC could see further demand in the coming weeks.
Cutoshi Presale Stage 1 Blasts Records
You would have definitely heard about the Chinese Lucky Cat, which is a symbol of prosperity, and fortune. Taking inspiration from the same lucky charm, and the teachings of Satoshi Nakamoto, Cutoshi has entered the blockchain arena. It is a new meme coin, but with a twist! Cutoshi merges the concepts of meme coins, and the ever-growing utility of the DeFi industry.
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While it offers several features, the most notable among them is the multi-chain Dex. It is designed to help users swap their assets across different blockchains seamlessly. Cutoshi will also launch its own multi-asset decentralized web3 wallet, which will play a vital role within the DeFi landscape.
Usually, a meme coin project is considered incomplete if it does not offer NFTs. Cutoshi understands this very well! Therefore, it will launch a collection of engaging, cute, and lucky NFTs. These digital assets will be distributed among the Cutoshi army members, users who will win interactive challenges, and to reward early token holders.
Cutoshi Farming will add a fun element to the project’s ecosystem. It will allow users to participate in various challenges and activities, and win rewards, by earning Cutopoints.
CUTO, the native token of the platform, will fuel the entire ecosystem. These ERC-20 tokens will be supplied in a limited number (440 million), and will come with a deflationary measure. The project’s buy-and-burn mechanism aims to create a scarcity of the tokens, driving its price upward.
The presale round of Cutoshi tokens has begun, and its first stage is now live. At present, one CUTO token is priced at $0.015. But, its value is expected to grow in October.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
