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Dogecoin’s biggest whales are eyeing Cutoshi, a new token that blends memes with utility for gains.
Dogecoin, the most iconic meme coin ever, has seen some volatility recently. In response, some of its biggest whales are looking for the next big thing. They may have found it in Cutoshi, a new token that combines memes with utility for ultimate gains,
Doge sees mixed performance
The original memecoin, Dogecoin (DOGE), has seen better days. After briefly rebounding this year, amid the bigger memecoin rally, Dogecoin has been on a downward trend. Since its March highs, Dogecoin lost more than half of its value.
What is more, Dogecoin is even farther from its heyday in 2021. At the time when Elon Musk tweeted about Doge daily, the token reached an ATH of $0.7376. Currently, it is at $0.1068, down 85.46% from its record price.
A consistent issue with Dogecoin has been its tokenomics. This memecoin, originally meant for transactions and charity, has a growing supply. This means that every year, millions of new Dogecoin drop in the market. This has an obvious negative effect on the price. What is more, Dogecoin still has a clear lack of utility, other than as a currency. With very few people buying and selling with Doge, this case is not particularly strong.
If memecoins rebound, Dogecoin will most likely follow suit. However, traders that don’t want to wait are looking for the next big thing, that can give 100x gains or more.
Cutoshi attracts Doge whales thanks to unique take on DeFi
As Dogecoin is slowing down, its major investors are looking for new opportunities. One of these is Cutoshi (CUTO), a cute memecoin with a unique take on DeFi. Its name and avatar are a combination of the Chinese lucky cat, and Satoshi, the legendary creator of Bitcoin.
As such, Cutoshi wants to bring luck to your portfolio while also creating a complete DeFi ecosystem. The Cutoshi ecosystem, with decentralization as its core value, will be under the governance of its community. It will feature a multichain DEX, multiple ways to farm tokens, NFTs, and a trading academy. All of these factors give real utility to Cutoshi, boosting its price.
Unlike Doge, Cutoshi has a fixed supply, with just 440 million tokens. This means that it will be protected from the inflation that Dogecoin experiences. Moreover, the revenues from the Cutoshi DEX will go toward burning tokens, making the token deflationary.
Conclusion: Cutoshi vs DOGE
While Dogecoin is more established, Cutoshi definitely has a bigger chance for moon gains. Thanks to its low supply of 440 million, Cutoshi could realistically reach $1.5. At this point, the token would only have to reach the top 100 cryptos.
With a low presale price of $0.015, Cutoshi has a real potential for moon gains. If it reaches $1.5, it stands to deliver 10,000% gains to investors, like Doge, Bonk, and Pepe in their early days. It is no wonder that Dogecoin whales are investing in this new crypto.
For more information, visit the official CUTO website or join the community on X and Telegram.
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