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Cutoshi, inspired by Satoshi Nakamoto’s vision, is creating a decentralized platform for privacy and freedom, attracting Solana investors.
With the evolution of cryptocurrency, there have been questions about projects following Satoshi Nakamoto’s original vision for blockchain – to create a decentralized peer-to-peer electronic cash system for secure and private transactions without the need for an intermediary.
Drawing inspiration from these teachings, Cutoshi is developing a decentralized platform that offers privacy and monetary freedom. The robust Cutoshi ecosystem which comprises a DEX has become the talking point with Solana investors joining the project before it heads to the moon. More details below.
Cutoshi – a new platform bringing DeFi closer to the masses
With the growing adoption of digital currency, the decentralized finance niche has continued to evolve, with popular platforms such as Aave witnessing massive growth. Cutoshi is coming up with an idea to modernize the sector through its unique multichain DEX exchange. The new exchange is designed to allow for seamless swapping of assets, saving people’s time.
Going forward, Cutoshi transcends beyond a meme coin, embodying decentralization, freedom, and anonymity – the core principles envisioned by Satoshi Nakamoto, Bitcoin‘s founder. Other features of the Cutoshi ecosystem, such as farming and an academy, are available for investors to explore to learn more about DeFi and make profits.
Meanwhile, the utility token is CUTO, which is used for all transactions on the platform. At the ongoing presale, the Ethereum-based memecoin is sold for $0.015. While the CUTO token has a limited supply of 440M, 55% has already been allocated to the presale, according to the tokenomics. This means there is a high chance of token scarcity in the future.
Investors from popular projects like Solana who have seen the potential of the Cutoshi project are accumulating the tokens. Some experts think it will outshine Solana meme coins like WIF and Bonk in terms of growth in the year. As such, they back it for a 20x rise by 2024 ending.
Solana price analysis – Can the recent PayPal news drive SOL price up?
Solana is showing signs of a major breakout after trading sideways for some time. Solana CoinMarketCap data shows that Solana’s price has broken the $150 resistance trendline with the next target being the $159, which it last tested in August.
Meanwhile, Paypal, which developed its stablecoin on Solana earlier in the year, has announced that US business accounts can now buy and sell cryptos from their accounts. Some experts think the recent news could see more adoption of PYUSD, which has been facing a decline in market capitalization in the past weeks
Zooming in, Solana is trading above its 50-day EMA ($142.96) and 200-day EMA ($139.94) with a bullish market sentiment. Coincodex in its Solana price prediction states that the SOL price will hit $170 in the coming days while Ali Martinez thinks that Solana price needs to break the $154 mark before targeting the $185 mark.
What should you watch out for in crypto investment?
One of the major factors to watch out for when searching for a profitable project is the road map. While Solana is already an established project, Cutoshi could follow the example of popular memecoins such as Dogecoin in the coming weeks. The project’s major focus on security, freedom, and anonymity could rank it among the top meme coins in the coming months.
For more information, visit the official CUTO website or join the community on X and Telegram.
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