The post Cutoshi (CUTO) Aims To Outperform Dogecoin (DOGE) With $1 Potential appeared on BitcoinEthereumNews.com.

Dogecoin has long stood as the most iconic and dominant memecoin. However, its recent performance leaves a lot to be desired. Its tokenomics and a lack of utility have been slowing its growth. That’s why a new memecoin, Cutoshi, aims to leverage its utility to give 100x gains.  Dogecoin Remains Dominant Despite Slow Growth As the first and the most famous memecoin, Dogecoin (DOGE) has long remained dominant. At a market cap of $16 billion, Dogecoin is entrenched as the biggest memecoin of them all. However, its recent performance leaves a lot to be desired.  In the past month, Dogecoin was up just 10%, which is lower than many other memecoins. Its yearly growth of 88.54% was also slower than most. This is despite the big memecoin resurgence in the first half of this year.  While Dogecoin arguably has the largest community out there, its features are slowing it down. For one, due to operating on its own blockchain, Dogecoin has a lack of utility. There have been attempts to integrate Dogecoin ordinals into its chains, but these have been slow. Moreover, wrapped Dogecoin tokens, which could solve this issue, have been slow to expand on other chains. At the same time, Dogecoin’s price also suffers from its inflationary nature. Because Dogecoin is a currency for payments, rather than investment, holding Doge can be disadvantageous.  Still, its large community could, in the future, fix these issues. This is why many investors are still holding on to their DOGE. However, others are already jumping ship, and investing in tokens that offer better returns.  Cutoshi Wins With Bold Vision for Utility One of these promising tokens is Cutoshi (CUTO). Like Dogecoin, it is a memecoin, but a memecoin like no other. Thanks to its focus on utility, it attracts both memecoin investors…

---

Filed under: News - @ September 29, 2024 7:11 am