Avalanche (AVAX) is surging and it could become one of the leading Layer 1s in the crypto industry. Meanwhile, newcomer Cutoshi is taking the meme market by storm with its cross-chain DeFi protocol.
Let’s find out what makes Cutoshi special and why it could be one of the hottest plays of 2024.
Avalanche Rising. New Peak Soon?
Avalanche (AVAX) is turning on a new leaf after months of ranging action. Avalanche (AVAX) surged by 4.3% over the last 24 hours and is priced at $30.55. If Avalanche sustains this bullish momentum, experts believe that a surge toward a new yearly high could happen by the end of 2024, surpassing the current peak of $60.69.
One of the reasons behind this rally is the announcement of a $40 million developer incentive and the upcoming Avalanche9000 mainnet upgrade. This is expected to be the biggest update for Avalanche yet, seeking to overcome issues of limited scalability and high transaction fees.
Moreover, Avalanche has also experienced a steep 43% increase in Total Value Locked since August, with more than $1 billion in TVL.
Cutoshi, The New Frontier For Meme Coins
Cutoshi is a DeFi ecosystem inspired by the Chinese Lucky Cat. With this unique premise, Cutoshi wants to merge meme energy with real utility. In doing this, the project sets itself apart from the virality-driven meme coins and their limited longevity.
Cutoshi upholds the key principles behind Satoshi’s vision for crypto: decentralization and privacy. The $CUTO DEX platform connects separate blockchains and allows users to swap seamlessly between assets. With just 0.25% in trading fees, the Cutoshi exchange is not just incredibly quick, but also cheap.
Moreover, investors will have the opportunity to earn significant monetary returns via Cutoshi’s farming mechanism. They can stake the $CUTO token for recurring rewards and they can also complete missions and quests. These missions will yield points that can later be redeemed for additional $CUTO tokens.
Cutoshi Academy introduces a unique learning platform that will educate newcomers and assist them in building foundational crypto knowledge. Trading advice, portfolio tips, and investment strategies, beginners can expect all this, and more.
To enhance the Cutoshi experience, NFTs and merchandise will soon be available, aiming to spread awareness and unite the growing Cutoshi community.
Hundreds of early buyers have already taken action and analysts believe that Cutoshi could be the next legendary 100x moonshot.
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