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Thanks to Solana-based coin launcher Pump.Fun, we have seen a large amount of new cryptos being launched in 2024. However, this has made investors more selective. Now it’s not enough to just launch any old meme coin or altcoin and expect it to rise. Instead, investors are on the hunt for coins that are appealing both visually but also with real-world use cases, such as Cutoshi.
Which Tokens Have Performed Best In 2024 And Why?
A look at crypto bubbles heatmap shows us that the best-performing tokens this year have been SPX and BONK, up by 8,900% and 12,300% respectively. These cryptos are memecoins but with a difference – they have real-world utility.
SPX6900 (SPX) was designed to replace the S&P 500 by being a kind of index for all the meme coins in crypto.
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BONK initially began as a memecoin with no utility but because it was given for free to buyers of the Solana Saga phone it gained a big community who assigned it various utilities in DeFi – including payments and buy and burn mechanisms.
Which New Token Is Next?
Although whales and retail may still be buying SPX and BONK, the best way to make serious profits with small amounts of money is to find the next coin before it moons. And that’s why Cutoshi (CUTO) is gaining in importance.
Cutoshi is new and in stage 2 of a multi-stage presale, yet it has already attracted almost $400,000 in investment.
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This reflects investors’ sentiments that coins need to have true utility to be worth investing in. Cutoshi brings the best of both worlds – being at once a meme coin based on the Chinese Lucky Cat, but also a gateway into the world of web3.
Cutoshi will be a whole ecosystem, with a multi-chain DEX for cross-chain swapping, a place to get together with community members and compete for prizes and top spots on the leaderboard, and a place to learn about the principles of DeFi and how to make money with the knowledge. Cutoshi has also reserved 7% of the tokens for buy backs and burns, just like BONK.
How Much Can Cutoshi Go Up By?
All of crypto is speculative, but given the current market conditions, we can make some guesses about the future price of CUTO.
In the presale, the only way is up, and while we don’t know exactly what the coin will launch for, however it could go live when it hits the $0.06 mark. This is a 300% gain from its original price.
At this point, Cutoshi will be listed on trackers like CoinGecko and CoinMarketCap as well as decentralized exchanges like Uniswap. If it can then get listed on a couple of tier 1 centralized exchanges as well, such as MEXC, Binance, Kraken or Coinbase, and continues to follow its roadmap, then the coin could reach as high as $2.58 which would represent a 4300% gain from the listing price.
Given investors’ appetite for Cutoshi and other utility-based memecoins (aka memefi), this seems like a reasonable target and a good jumping-in point for investors looking to capitalize on the latest trends.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
