Cardano, the decentralized proof-of-stake blockchain, could face an uncertain future as developers continue to depart from the project. The departure of Vladimir Kalnitsky, a popular developer who helped develop the Cardano transaction library, has raised concerns over the ecosystem’s ability to retain top talents.ย
Meanwhile, as Cardano faces an uncertain future, investors are turning their attention to Cutoshi, a new platform on a mission to bring DeFi to users’ doorsteps. Unlike CEX exchanges, Cutoshi is coming up with solutions to issues in DeFi, such as privacy and security. With its goal of combining fun memes and a unique ecosystem, CUTO is projected for 10x in Q4.ย
Cutoshi: The Novel Crypto Project Gaining Investor Attention
Cutoshi (CUTO) is a newly created project designed to change how people view meme coins. Up till this point, meme coins are driven by market trends and speculation; however, with Cutoshi, investors have a utility token.ย
One unique feature of the Cutoshi ecosystem is the multi-chain decentralized exchange (DEX). With this, users can swap their assets across numerous chains. Cutoshi understands the importance of NFTs, which is why it plans to introduce NFTs as part of its reward system. This exclusive feature is expected to increase the demand for the Cutoshi token soon.ย
As such, investors have limited time to accumulate this rare gem, which is already compared to popular DEXes like Uniswap and Pancakeswap. So far in the presale, the Cutoshi has raised over $250k, with many people anticipating it could hit $1M in October. As of today, the coin is sold for just $0.015, and according to experts, it could explode by 10x when it is listed in a major exchanges.
Could the Departure of Vladimir Kalnitsky Influence Cardano’s Future Value?
Cardano (ADA) is facing tough times with top talents exciting the ecosystem. The recent exit of top developer Vladimir Kalnitsky underscores the concerns of investors in the ecosystem. Kalnitsky cited a lack of passion for functional programming, particularly Haskell, which is a crucial tool in the Cardano architectures for his exit.ย
His exit adds to the concerns of other developers, like Hinson Wong, who has raised similar concerns, noting the high development cost associated with Haskell. With new talents finding it difficult to adapt to the Cardano architecture, the ecosystem’s future, mainly in the DeFi space, remains uncertain, as fear of uncertainty could trigger massive dumping of the token.ย
CoinMarketCap data shows that Cardano’s price has declined by 9% in the past week. Meanwhile, crypto analyst Crypto Yapper observed that the Cardano token has broken a major resistance at its descending wedge pattern. The analyst believes that if ADA breaks bullish, a massive pump could resurface, pushing the Cardano coin price to $0.52.ย
Which Crypto Projects Have the Most Potential for Growth?
Cardano is getting less attractive to many investors due to its unfavorable market performance. However, the Cutoshi project is on a positive trajectory and has huge growth potential.ย
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