This New Altcoin Is Trending Along With Defi, Can It Rise Over 100% In The Next 30 Days Like Ripple (XRP) And Cardano (ADA)?
The post This New Altcoin Is Trending Along With Defi, Can It Rise Over 100% In The Next 30 Days Like Ripple (XRP) And Cardano (ADA)? appeared first on Coinpedia Fintech News
Cutoshi (CUTO) has been trending continuously in X (Twitter) for the last month. CUTO’s popularity is due to large investors recognizing its potential in the DeFi market. It has already raised $1.14 million, selling 84% of the token of the third stage. Solid DeFi features and community are the center of attraction for Cutoshi and analyzing the fundamentals, it can grow exponentially in the coming times.
Meanwhile, Ripple (XRP) and Cardano (ADA) have corrected from the recent high and are consolidating in a range. Investors from different communities are diversifying into Cutoshi, looking at its growth capabilities and market-leading abilities.
Ripple Commits To Investing In Bitwise’s Rebranded XRP ETP
Ripple’s decision to commit resources to Bitwise’s XRP ETP is a marketing ploy for its renamed product and a clear action to solidify its footing in the European market. The product, previously named ETC Group Physical XRP, has been named Bitwise Physical XRP ETP, which the GXRP ticker will identify. In an interview, Ripple CEO Brad Garlinghouse mentioned they were willing to help the growing demand for crypto-based financial instruments through this investment.
Bitwise Physical XRP ETP aims to facilitate European investors’ access to a tangible way of getting direct XRP exposure. Ripple has not provided much information regarding this asset except as a medium of exchange. Ripple Network is a platform that extensively uses XRP in its online international money transferring and currency swap activities.
Cardano Launches First ZK Smart Contract On Mainnet
With its Layer-1 Proof-of-Stake (PoS) blockchain, which has considerably improved smart contract technology, Cardano is a leader. Core developer Sebastian Guillemot completed the first zero-knowledge transaction using Halo2 on Cardano’s mainnet, a huge achievement for the project. This milestone properly utilized the V3 language based on the Plutus ledger, enhancing the network’s functionalities.
The inaugural transaction centered on locking funds, which was then followed by another transaction to unlock them. The system utilized a ZK proof created by Halo2 to release the funds. This process, which cost the user 2.03 ADA or around $1.90, was described as relatively inexpensive by Input Output.
By adopting ZK proofs, Cardano intends to improve its scalability, efficiency and security, thereby fortifying its position in the blockchain arena.
Cutoshi Presents Promising Opportunity In DeFi Market
Cutoshi is a new Ethereum-based meme coin making its mark in the crypto world. What sets it apart is its unique blend of DeFi principles inspired by Satoshi Nakamoto, the visionary behind Bitcoin, who is known for championing freedom, decentralization and privacy.
Cutoshi (CUTO) DeFi properties are enhanced by applying its own Decentralized Exchange (DEX), which enables users to swap and trade tokens. The Cutoshi DEX is an easy way to perform cross-chain transactions, making it easier for users to manage and transfer their assets.
In addition to the DEX, Cutoshi has created community-driven staking and a rewards program. Members can earn by doing quests, group farming and competitions. From the efforts towards capacity building, such as training sessions at the Learning Academy, we can talk about our community members who are equipped with knowledge of DeFi and Web3. Such education initiatives will help casual investors become more confident participants.
Cutoshi Launches Its First-Ever Meme Contest
The Cutoshi meme contest is live on X (formerly Twitter), offering up to $2,000 in rewards for the best memes. To join, create eye-catching memes, tag @CutoshiToken and use the hashtag #CutoshiMeme. The contest has boosted the coin’s presale demand and its popularity in the community. To learn more, head over to the official X account.
Cutoshi has raised over $1.1 million and is still in stage 3 of its presale, priced at $0.0259. With DeFi tokens gaining momentum in the crypto market, investors are optimistic about CUTO’s potential. Analysts believe its meme coin appeal gives it an advantage over major DeFi projects like Ripple and Cardano.
For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/
Join and become a community member:
Twitter: https://twitter.com/CutoshiToken
Telegram: https://t.me/cutoshi
