Curated News
By: NewsRamp Editorial Staff
December 04, 2024
Cutoshi's Third Presale Stage Sells Out as Altcoin Season Gains Momentum
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- Cutoshi’s presale sold out of its third stage in record time, creating opportunities for growth and significant interest from retail and whales.
- Cutoshi combines meme culture with real utility, offering a low-fee, cross-chain DEX, an educational platform, and a deflationary tokenomics system.
- Cutoshi aims to facilitate mainstream adoption of DeFi, making it easier and more fun for retail investors, while also offering real utility and rewards for community members.
- Cutoshi’s Lucky Cat NFTs, merchandise shop, and meme competitions are engaging the community, while altcoin season and whale interest are expected to drive further price rises.
Impact - Why it Matters
Whales are increasingly looking beyond Bitcoin for higher returns. With BTC consolidating near its recent highs, larger investors are derisking by diversifying into projects that offer strong upside potential. For Cutoshi, this is a critical moment. The project is gaining attention not just from retail but also from whales seeking early-stage opportunities.
Summary
Memecoin and DeFi ecosystem Cutoshi is going from strength to strength as it sells out of its third stage of presale. After trending on X, it has become the topic of every conversation.
Prominent trader Ali Martinez sees a potential pullback to $90k for Bitcoin, a move that suggests altcoin season is here.
Another sign is that Bitcoin dominance has dropped to 51%, signaling a shift in market sentiment. The Altcoin Season Index, now sitting at 75, confirms that altcoins are outperforming Bitcoin, as 38 of the top 50 cryptocurrencies have beaten BTC over the last 90 days.
A drop in BTC dominance doesn’t just favor the larger altcoins like Ethereum and XRP; it creates opportunities for smaller projects like Cutoshi, which combines the speculative appeal of memecoins with the functionality of DeFi.
CryptoQuant’s Ki Young Ju says that this isn’t just about rotation from Bitcoin to alts. Stablecoin and fiat inflows are increasing trading volume for altcoins, suggesting new money is entering the market.
Meanwhile, an analyst at Rekt Capital argues that Ethereum and smaller alts are seeing capital flows thanks to Bitcoin’s range-bound price action.
Cutoshi has managed to do what few projects can: balance meme culture with real utility. Its Lucky Cat figurine and mascot grab attention, but what’s under the hood is what’s keeping both retail and whales interested. The low-fee, cross-chain DEX is built for everyone, it’s simple, affordable and designed to cut out the barriers that have stopped retail from fully engaging with decentralized finance.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Cutoshi's Third Presale Stage Sells Out as Altcoin Season Gains Momentum
