Some memes come and go, while others, like PEPE and DOGE, keep on pumping. Certain features make a meme project that has staying power.
A new viral hybrid meme coin Cutoshi, which has surpassed $1.1 million in presale, has the potential to be the next massive gainer.
Why PEPE Remains A Favorite In Crypto
Pepe the Frog became popular many years ago, due to a cartoon by Matt Furie. The internet then picked up the frog and soon he was found in all kinds of corners of the internet.
Crypto in particular has had a love affair with the meme of Pepe, with many traders aspiring to be like affluent Pepe.
This Pepe crypto love has made the frog and meme coin one that endures, with many people taking profit, buying the dip and profiting again.
Analyst and ‘BecauseBitcoin’ Founder Max Schwartzman recently tweeted that PEPE could be the ‘alpha’ meme coin of this season, followed by Shiba Inu as the ‘beta’. He compared this to the previous crypto bull market, where he rationalized that Shiba Inu flipped Dogecoin but that this also signaled a market top.
“I think $PEPE is going to be the best performing fresh meme coin this cycle (beta). When $PEPE flips $DOGE later this cycle. It’s time to get out of the market for a while. In the meantime, both will rise together, so enjoy it. Keep a close eye on what beta is doing relative to alpha… more on this later.”
Dogecoin’s Legacy As The Original Meme Coin
Dogecoin is a meme coin that lasts due to its first mover advantage. Started as a joke coin that revolutionized a whole industry.
Just as Bitcoin leads the pack in terms of serious cryptos, DOGE leads the meme coin world and is one of the biggest cryptos in its own right. DOGE is currently the 6th biggest coin by market cap at around $55B.
When crypto started to attract the attention of ‘normies’ back in 2021, it became the hopes and dreams of many as it soared to $0.73.
Long-term holders saw this as the time to cash out, leaving many people bag-holding while others sold in a panic. The market has matured now and people recognize that while Dogecoin may be in many ways, ‘a joke’, it’s also a serious part of the crypto landscape.
DOGE’s 410% growth on the yearly charts proves just how bullish people are feeling about the memecoin.
Why Interoperability Matters For DeFi And Cutoshi
Cutoshi draws from the image of the Lucky Cat, an ancient symbol of luck and prosperity! Cutoshi is cute, the website and whitepaper are similarly adorable. However, where Cutoshistands out is its functionality.
Cutoshi’s secret sauce is about crafting a different narrative, one where the meme serves as a gateway to DeFi. The Ethereum-based project’s cross-chain DEX addresses fragmented liquidity, a problem that frustrates many DeFi users and avoids the hassle and confusion of bridging money from chain to chain.
When Dogecoin was new, there were barely any blockchains, now there are over 1000 according to CoinPaper!
This is a massive headache for crypto traders and is why interoperability has become big business, Chainlink for example, or in this case, Cutoshi.
The DEX is the foundation of the Cutoshi Ecosystem, with many more creative parts to come, including a learning academy to introduce people to DeFi, utility-based NFTs and an active community.
Cutoshi is approximately 85% of the way through the third phase of presale, making this an early-stage opportunity and no long-term holders to sell. Cutoshi is currently priced at $0.0259.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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