
Layer 1 blockchains have been performing very well this year, in particular Binance coin and Solana reaching new all-time highs. But those seeking bigger gains are looking at smaller altcoins such as Cutoshi.
Binance’s BNB coin is one of the stalwarts of crypto, having started with humble origins at $0.12 in an ICO and now consistently achieving new all-time highs with each bull run, trading at $687 as of today.
Binance CEX, is many investors go-to for purchasing crypto and is often the first chain that people start their Web3 journey on. However, in recent years, Binance has been targeted by regulators in the US and UK, and cashing out is impossible in certain countries. This means that many crypto users have had to move to Coinbase, Kraken, or other CEXes.
Now that the Trump administration has taken control, it will likely make it easier for Binance to do business, which should boost BNB price.
The coin is used both for trading discounts in the CEX and for gas on the BNB smart chain and is frequently burnt by Binance to shore up prices. This means that fresh all-time highs are very likely to be coming for BNB soon.
Solana is another success story of 2024, with the coin up by 1879% from its post-FTX lows in 2022.
In the last bull run, NFTs were the hot topic. But this year, meme coins like BONK, Dogwifhat and those launched on Pump.fun have been driving Solana to new records in terms of on-chain activity, with active wallets reaching 135 million in November of this year.
Although Solana’s price has risen dramatically, many believe it has much more room to go, as the so-called ‘Ethereum killer’. This is because Solana offers lower gas prices, faster transaction speeds and a more friendly environment.
Ethereum is still by far the biggest chain in terms of market share and it's likely that both coins will see new all-time highs soon, with Solana potentially reaching $900 in 2025
Solana and BNB are very high-cap coins, currently ranked 4 and 5 by size. This makes them a potentially good investment for any portfolio. But a certain amount of high-risk, high-reward projects are also what crypto is about. The opportunity to make big gains with small capital is one of the reasons that investors are so bullish on Cutoshi, as its a very low-cap coin with high potential.
Cutoshi is a memeFi coin, meaning that it is represented by a meme, the Lucky Cat and yet, like BNB and SOL, it has utility and an ecosystem.
The aim of Cutoshi is to introduce people to the advantages of DeFi while providing them with a meme coin for fun and viral engagement. The team has already proved the community side of things, with a recent meme competition sparking a lot of creativity. CUTO powers their DeFi ecosystem, which will comprise a DEX, NFTs with DeFi-based benefits and more.
Just like Binance, they have a learning academy and will also burn tokens to help the price. CUTO can be used in the merch shop and to pay for advanced lessons in the academy.
We’ve seen how well Cutoshi can captivate its audience, as they have trended on X three times so far. The Cutoshi presale has already raised over $1.36 million. The coin is in stage 4 of a 10-stage presale.
If the trend continues, Cutoshi, which is already up by 106% since its launch, will sell out of stage 4 in December, bringing a price rise that could exceed the December gains of SOL and BNB.
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