Ethereum

Solana

Boost

Lucky Cat

DeFi

The surge in Solana (<a href="https://yellow.com/asset/sol">SOL</a>) cryptocurrency the last month is testimonial to the upswing in the meme coins market. And if you go by the 10% <a href="https://www.cryptotimes.io/2024/11/07/solana-up-10-percentage-this-month-cutoshi-aims-to-boost-ethereum/">monthly increase</a> in SOL’s price it's clear that this year's gains are far from over. 
Although Ethereum (<a href="https://yellow.com/asset/eth">ETH</a>) was lagging amidst the surge of Solana, it can soon gain ground and start rivaling SOL. 
The number of Solana active wallets doubled in the last 5 days as it went from $162.67 to $182.79, showing a 12% monthly gain. The year-to-date gain was even massive at 401%, indicating that SOL is just warming by hovering near the $190 mark. 
The coin is likely to touch $200 and go beyond it as Kiln and VanEck have teamed to better the Solana staking access for big investors. This is part the latter's bet on bridging the gap between traditional finance and SOL. Meanwhile, the staking expertise of Kiln will make SOL an attractive trading options for institutional investors, causing it to rally further. 
In the middle of this, a new Ethereum-based meme coin Cutoshi (CUTO) has drawn the attention of investors as it unites real world utility with meme energy. Everyone who is buying the CUTO token at the $0.022 price in its stage 3 presale is expected to get a 20% bonus on their deposits. Cutoshi could take the Ethereum blockchain to new heights through its mix range of features. 
Cutoshi aims to give a twist to the DeFi landscape with its privacy, security and economic model foundation. The interest in CUTO is already visible as it raised $700,000 in the presale stages in weeks of time. More than 93% of the token has been sold out in the two stages of the presale which speaks for the long-term crypto investors’ interest in it. 
Cutoshi has the Lucky Cat as its mascot and symbol on the blockchain. It's not just a catchy meme coins project, rather the digital asset has a full roadmap ready. The primary aim of the project is to train beginners in DeFi so that they become masters. 
This is aided by a farming system which lets Cutoshi community members earn the CUTO tokens by completing tasks and engaging in quests. Hence, it is a community experience not just a coin. 
The project also lets crypto users trade and swap digital currencies across blockchains so the tokens need not rot in your wallet. CUTO uses a specific DEX for muti-chain. 
Early holders of the Cutoshi meme coin are likely to make substantial gains from the presale price of $0.022. Hence, crypto investors looking for an ETH-based meme coin are backing CUTO while Solana continues to surge. 
At the time of writing Solana was trading at $195, up 4.45% in the last 24 hours while its trading volume declined 46.25% to reach $5 billion. The market cap of SOL stood at $92.76 billion with 4.62% gain.

Solana Makes 401% Year-To-Date Gains As Cutoshi Looks To Boost ETH

Yellow News

Other articles published on Nov 7, 2024

Analyst says $1 is impossible for Shiba Inu, Dogecoin price soars

DWF Labs Dismisses Partner Amid Drink-Spiking Allegations in Hong Kong

Big Tech CEOs Congratulate Trump on Election Win, Signal Future Collaboration

The 19,900% Phenomenon: Why XYZ Could Be the Meme Coin of the Decade Outpacing Even PEPE

6 Best Altcoins To Invest In Today November 7 – Starknet, Optimism, dYdX, Mantle

BREAKING: Coinbase Lists a New Altcoin in Futures

Join our free newsletter for daily crypto updates!