The post CUTO poised to reach $1 appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cutoshi, a hybrid DeFi and meme coin, is gaining traction and nearing a sellout in its third presale stage. Hybrid DeFi and meme coin Cutoshi (CUTO) has been on a tear recently and is on the verge of selling out of the third stage of the presale. The mixture of meme and DeFi ecosystem makes it a coin that has the potential for long-term sustainability, like Shiba Inu. How high could Cutoshi go and can it reach $1?  How to work out how high a coin could go Many people tease that Shiba Inu (SHIB) could reach $1, but that’s highly unlikely because the coin is already worth so much.  Step 1 – Find out the market cap Take the current price of a token and multiply it by the total supply of coins – that will give you current market cap. For Shiba Inu, that’s $0.00002591 x 589,258,953,249,304, which equals $15,357,557,015 For Cutoshi, that’s $0.0259 x 440,000,000, which equals $11,396,000. Step 2 – Find out the percentage difference  We need the difference between the price now and what is wanted or hope it to be. Let’s use a percentage calculator for this: SHIB – 3,859,410% CUTO – 3,761% Now we can see how that’s a huge jump for Shiba Inu and not too much for Cutoshi. Step 3 – Working out the potential market cap The market cap figures need to be multiplied by the percentages above. SHIB – $15,357,557,015 x 3,859,410% = $592 trillion As the total market cap for the entirety of crypto is at around $3.2 trillion currently, we can now see how unlikely this is to happen. CUTO – $11,396,000 x 3,751 = $428…

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Filed under: News - @ December 1, 2024 6:05 pm