Solana (SOL) has finally reclaimed a crucial level and is gearing up for bullish continuation. On the other hand, savvy investors know that Solana has already reached the point of diminishing returns and the massive price multipliers of the past are unlikely to return.
Emerging project Cutoshi is steadily gaining traction and at first glance, it bears all the hallmarks of a crypto gem in the making.Â
Solana Could Surge In November
Solana (SOL) is consolidating above $160 after months of ranging below this key resistance and several failed attempts to hold the level. At press time, Solana sells for $166 with a 6.9% weekly increase. Volume has recorded a slight 17% decline with about $3 billion worth of SOL traded over the last 24 hours.Â
On a multi-year time frame, it’s clear that Solana is forming a cup and handle, one of the most bullish chart patterns that could send Solana soaring above $300 as 2025 rolls in.
Solana’s recent success is largely supported by its viral meme coin generator which has brought several high returning gems to the market such as Dogwifhat and Popcat. Much of the liquidity generated has been absorbed by Solana, cementing it as one of the strongest, if not THE strongest Layer 1s of 2024.
How Cutoshi Redefines Meme Coins
Meme coins have one major drawback, they are largely useless as most of them remain nothing but purely speculative assets. As explosive as their movements can be, price is not a sustainable driver of growth, and meme projects that leverage real utility have much greater chances to thrive in the long term.
Inspired by the Lucky Cats of Chinese folklore, Cutoshi unites good fortune, meme culture and DeFi functionality to offer the ultimate cross-chain ecosystem. This means seamless swaps access a multitude of isolated blockchains at the fastest possible speeds and just 0.25% in fees.
Liquidity providers will get an 80% cut of the accumulated fees while the rest will be used for buybacks of the native $CUTO token and token burns. As $CUTO is deflationary by design, these systemic burns will ensure healthy price action supported by increased scarcity.Â
Not only users will be able to earn passive income through liquidity, they will also have the opportunity to stake $CUTO. Since the token powers various operations in the ecosystem, users will receive generous staking rewards.Â
In addition to this, Cutoshi boasts a secondary reward system nicknamed Cutoshi Farming. By completing fun tasks and quests, and participating in special events, users will earn cutopoints which can then be redeemed for more $CUTO tokens.Â
Soon branded NFTs and merchandise will also be available, allowing the Cutoshi community to spread the good word both online and offline. This initiative has been praised as it cements the project’s intention to foster a welcoming environment and a sense of community participation, where every user is seen as an integral part of the Cutoshi movement.
Right now the second stage of the presale is selling out and demand is rapidly growing. More than $500,000 has been raised in funds so far. $CUTO tokens sell for just $0.022 and early buyers are already enjoying 46% gains. As the utility driven meme coin narrative ramps up, a huge surge could be on the cards for Cutoshi after listing on major exchanges.Â
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:Â
