As Q4 unfolds, Cardano and Shiba Inu showcase a slow market trajectory. However, given their use case and popularity, experts project a significant uptrend to $1. Amid this speculation, Cutoshi enters the crypto market with a lot of promise. By infusing DeFi functionalities into a meme-inspired token, Cuoshi will redefine the meme coin market as we know it.

Its presale has already raised over $310K as investors continue to join this promising platform. Moreover, with high demand for its native token, crypto enthusiasts wonder if Cutoshi will reach $1 before Shiba Inu and Cardano.

Can Cutoshi Reach $1 Before Cardano And Shiba Inu?

In an era where innovation and use cases are certified proof of a project’s long-term success, creating a utility-backed ecosystem in the crypto market has become crucial. Unlike varieties of meme tokens that rely on community support and hype, Cutoshi has combined these two aspects with practical utility. Inspired by the Chinese Lucky Cat, Cutoshi can be described as the luckiest meme coin that wants to bring good fortunes into the blockchain.

Its ecosystem is rated among the best in the DeFi market, with superior features and tools like the multichain DEX, which enable seamless cross-chain asset swapping. Cutoshi also has a farming protocol, NFT, Merch and a learning academy that would help users learn DeFi concepts and how to make smart portfolios. In so doing, Cutoshi will create an informed user base that will ensure the platform’s long-term success.

What’s more interesting is that CUTO is a deflationary token― meaning that its ecosystem lowers circulating supply through a burn event. This, coupled with a total supply capped at 440 million, will trigger continuous scarcity in the ecosystem, propelling the demand for the token. High demand will further intensify buying pressures, ultimately increasing the value of CUTO. With strong fundamentals, ambitious tokenomics, and higher growth potential, Cutoshi can reach $1 before ADA and SHIB.

Cardano Altcoin Under SEC Scrutiny

With multiple setbacks for Cardano (ADA), many investors are reevaluating their holdings. Once a promising cryptocurrency, Cardano is under scrutiny from the US SEC. The regulatory watchdog has labeled Cardano as security in lawsuits against Crypto.com, Binance, and Coinbase. The bearish ADA news has triggered more sell-off pressures in the Cardano ecosystem.

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Author: Crypto Daily