Even though Cardano (ADA) and Tron (TRX) have maintained impressive gains of 79% and 60%, respectively, since the start of the year, some experts think these top altcoins may be losing their grip on exponential gains.
Meanwhile, as crypto investors watch closely, how the list of top altcoins will shuffle ahead of next quarter, a fast-rising presale meme coin, Cutoshi (CUTO), is already causing a stir in both the meme coin and DeFi markets. Believed to be the next 100x coin to watch, its presale is now attracting significant attention. But how much potential does this new coin really have? Read on to find out!
Cutoshi’s Revolutionary Take On The DeFi Market May Inspire A Meme Coin Frenzy
Contrary to how meme coins are designed, Cutoshi (CUTO) presents itself as an innovative DeFi-based meme coin where users can earn and maximize their income. Cutoshi particularly drew inspiration from the Chinese Lucky Cat and the principles of Satoshi Nakamoto centered on decentralization, privacy, and monetary freedom, thereby overcoming the typical utility shortcomings associated with meme coins.
With a vast DeFi hub that features a decentralized exchange (DEX), a community-based farming mechanism, and a staking pool, Cutoshi is poised to take over the meme coin market and attract significant traction from the DeFi market. Additionally, Cutoshi users also stand a chance to win rewards like NFTs when they partake in its periodic challenges.
Meanwhile, Cutoshi also has plans to bring DeFi to the masses through its learning academy, which will be available to participate in when it launches on the mainstream crypto market. At the moment, Cutoshi is in its ICO phase, with its token selling for a meager $0.015 in the first presale stage.
However, considering its unique potential to scale up in the DeFi market, experts are already predicting Cutoshi will complete a 100x run, potentially surpassing the likes of Shiba Inu and Pepe and the best Ethereum-based meme coin.
Cardano Token Shows No Sign Of Reaching Its ATH Anytime Soon
Recent Cardano (ADA) news highlights its founder, Charles Hoskinson, dropping positive sentiments and insights on Cardano’s supremacy. However, considering its price chart, which has maintained a downward momentum for the past three years, experts are starting to talk less about Cardano price positivity.
Specifically, after the Cardano price fell significantly from an ATH of $3.10 in 2021, the native ADA token has since dropped by roughly 87% below this price. Currently struggling in a weekly range of $0.345 to $0.397, Cardano’s woes became compounded by a 22% decline in its network activity. But considering a 13.82% rise in the past week, some investors are still holding on to ADA while closely following Cardano news for disruptive updates.
Tron Price Sees Slow Progression With No Substantial Spike
After hitting an all-time high of $0.3004 seven years back, Tron’s (TRON) price has barely reached this level despite the occasional bullish phase in the broader market. The Tron coin has, however, been able to increase its market cap again to a strong mark above $13 billion after a drop below $5 billion two years ago.
While Tron’s popularity has grown over time, now ranking as the 11th largest cryptocurrency by market, experts think that Tron coin may have difficulty reaching or surpassing its ATH anytime soon.
Cutoshi VS Cardano: Which Is A Better Long-term Crypto Investment?
Both Cutoshi and Cardano are cryptocurrencies with high potential to stay relevant and valuable in a longer timeframe. However, Cutoshi may eventually pass Cardano, considering its DeFi ecosystem, which appeals to two markets.
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