The crypto world is growing at an exponential rate. However, recent trends suggest that the market has not been favorable to all cryptocurrencies. Many projects, including the long-standing ones like Polygon and Avalanche, have been struggling to make a big jump.
Defying all these odds is Cutoshi, a newly launched meme coin that has attracted widespread popularity. Its unique business plan, and high-value proposition have made it a sought-after crypto. Therefore, the project has raised more than $213,000 within a few days of its launch.
Polygon’s POL Migration Brings Drop
Recently, Polygon created a massive wave in the crypto industry. It has deployed a major technical upgrade, which will enable it to migrate its MATIC token to the POL token. The upgrade, which was launched earlier this month, aims to enhance the utility and scalability of the Polygon network.
However, investors seem to be concerned about its impact on the network. This can be deciphered by the declining price of Polygon, which has dropped by 2% in the past month. Currently, POL tokens are available at $0.40.
Avalanche Emerges In TVL
Avalanche has shown some visible growth, as it has jumped by 25% in the last month, and is trading at $28.42. AVAX continues to show signs of upward movement.
Avalanche has risen in both total value locked (TVL), and stablecoin market cap. Its stablecoin growth has ticked the 300% mark in the past year. According to experts, these two metrics can play a vital role in Avalanche’s future growth.
Cutoshi Brings Luckiest Meme coin To Investors
For a long time, crypto investors have criticized meme coins for lacking any real-world utility. Countering their concerns, Cutoshi has launched a one-of-a-kind meme coin. It is a novel crypto project that blends the skyrocketing growth trajectories of meme coins with the tangibility of DeFi services. Cutoshi promotes the ideals of Satoshi Nakamoto – decentralization and transparency.
The project offers a variety of groundbreaking features. The multi-chain decentralized exchange (DEX) is one of them, which will enable users to swap their digital assets seamlessly, across different blockchain platforms.
The project aims to provide the crypto community with knowledge through the Cutoshi Academy. It will act as an educational institute, where complex concepts of the DeFi landscape will be simplified, and individuals will be encouraged to actively participate in the market.
Investors are aggressively buying these tokens during the ongoing presale phase 1. Currently, a CUTO token is available for $0.015. However, its price is expected to explode by 100x in the coming months.
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