As Solana enjoys its low transaction fees and great scalability, Solana tokens like Bonk (BONK) and Arweave (AR) experience impressive growth.
They have gained significant attention from both retail investors and the general population. However, another token is here to steal the spotlight: Cutoshi, a utility-based meme coin.
Bonk (BONK): The Resilient Memecoin
Bonk (BONK) has managed to thrive with its community-driven platform reaching a market cap of $1.4 billion. It’s currently standing at $0.0000205 and has dropped by 10% today. In the last 7 days, the loss is 9.28%. However, in the last 30 days, Bonk is up by 21.60% while the year produced a mind-boggling 9517% surge and an all-time growth of 18 270%.
Currently, Bonk’s moving averages are red, but the oscillators remain neutral and RSI is at 51. While most of crypto is red today, Bonk has shown its resilience and maintained momentum. With the CMF indicator on the rise, there seems to be more capital inflow and increasing investor confidence.
Arweave (AR): Pioneering Decentralized Data Storage
Areweave is focused on permanent data storage using blockchain technology. With the demand for reliable and decentralized data storage solutions, Arweave is growing.
With a nearly $1.2 billion market cap, Arweave is big but it still has plenty of room to grow.
Today Arweave dropped by 2% and 25% in the last 7 days. The last 30 days have recorded a dip of 11% while the yearly chart records a 347% surge. Technical analysis shows the oscillators neutral on the daily chart while the moving averages show a sell signal. The RSI is at 38 indicating Arweave’s possibly a cheap buy. The community seems bullish about Arweave and could push it to even higher highs.
Cutoshi (CUTO): The Next Star of the Blockchain
Cutoshi could outshine both Arweave and Bonk as it has a very small market cap. The token is in its infancy in the presale stage. The platform is a multi-chain decentralized exchange (DEX) with token farming and an educational platform.
Tokenomics is set up so that a part of the 0.25% fee charged on the platform goes to purchasing and burning CUTO from the open market. This creates buying pressure but also scarcity, as Cutoshi has a fixed supply. Together, these factors make CUTO deflationary and boost its long-term potential.
Analysts predict it could surge more than BONK and AR as soon as it’s CEX listed. Analysts even claim that in the long-term it could hit an x100. Considering it’s a very small token with a lot of utility, great tokenomics, and a memecoin narrative that’s not even listed yet, it’s a reasonable scenario.
In Q1 of 2024, the meme coin market cap grew by 169% reaching $60 billion and it continues growing. With the global DeFi market being valued at $24 billion in 2023 and set to reach $48 billion by 2031, Cutoshi is in a very good spot.
With 10% of the supply going to marketing and 7% to a burn event, this MemeFi Lucky Cat should become the next big trending utility token and put Ethereum-based tokens back on the map.
For more information on the Cutoshi (CUTO) Presale:
- https://cutoshi.com/
- Join and become a community member:
- https://twitter.com/CutoshiToken
- https://t.me/cutoshi
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.
