As the crypto market finds new momentum, Near Protocol (NEAR) has made its way back into the light.
But with Cutoshi, a new decentralized finance meme coin, poised to rise by 100% before year’s end, investors are wondering which of these hot assets might offer the bigger payoff.
Read on for a quick look into NEAR’s activity and how Cutoshi could double its price before the end of the year.
Near Protocol has shown considerable promise over the past month. Its highest recorded price of $20.44 in January 2022 now seems like a distant dream as the current price is 73.31% lower. Yet, NEAR’s recent +50% gains have sparked hopes for a new rally.
With its market cap sitting comfortably over $6 billion and trading volume increasing by 130%, NEAR has sparked renewed interest. Key drivers for this bullish run include a critical network upgrade and heightened activity, further buoyed by strategic partnerships like the one between Nvidia and Alibaba Cloud, boosting confidence in NEAR’s utility for real-world applications, including China’s autonomous driving sector. This could pave the way for NEAR to surpass the $10 mark soon, yet Cutoshi’s momentum might give investors an even more exciting prospect.
Unlike NEAR, Cutoshi is an entirely new force in the DeFi space, bringing the fun and potential of a meme coin and real utility. Its decentralized exchange and farming features mean this project has a solid backbone for growth.
One main element of Cutoshi’s developing ecosystem is its Multi-Chain Decentralized Exchange. It’s a multi-chain exchange that lets you swap assets easily, even between different blockchains. For anyone who’s been frustrated by the fees and delays of centralized exchanges, Cutoshi’s DEX will be like a breath of fresh air.
Beyond the tech, Cutoshi also attracts its audience through token farming. It’s created for people who want to earn rewards in a fun way. You complete simple quests, collect points, and redeem rewards. It’s a simple way to dip your toes into DeFi while getting something back.
Another feature turning heads is the Cutoshi presale. As it enters its early stages, with tokens priced at just $0.015, there’s already over $100k raised in a few days. With nine stages to go and a growing community of early backers, those getting in now have a shot at the projected 100x returns.
NEAR has the backing of large-scale partnerships and a proven history of bullish performance, for those looking to reap the fruits of meme coin sector’s explosive growth and tap into DeFi’s CAGR of 9%, Cutoshi could be the one to go for.
Cutoshi’s DeFi tools, the value it aims to bring to everyday traders and investors, and even being a welcoming place for those new to DeFi through a CUTO Academy means there’s a lot of room for growth.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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