This Viral Altcoin Is Trending On X Globally, Will It Outperform Solana And Bonk?
Crypto markets are in full overdrive, with many new projects emerging into the spotlight. Most recently, Solana and its biggest memecoin, Bonk, have seen strong performance. However, an Ethereum-based memeFi token is getting a lot of attention.
Cutoshi has recently started trending on X, after a major investment milestone. Now, traders are betting on whether this token will outperform giants like Solana and Bonk.
Solana Reaches ATH on Strong Network PerformanceThe “Ethereum killer” Solana (SOL) made a remarkable comeback in 2024, reaching an all-time high of $263.83 in November. Even after stabilizing to $212.86, Solana is almost 10x its level in late 2023. Moreover, the latest data suggests that this rally will likely continue in 2025.
For one, Solana has seen steady growth in network activity, TVL, and other key metrics. With its ecosystem getting stronger, investors are taking note. Critically, investment in Solana-based apps reached $173 million in Q3 of 2024, the highest level since mid-2022. This reflects strong investor confidence in Solana’s ability to power useful decentralized applications.
What is more, investor interest is also reflected in multiple Solana ETF filings. These financial instruments enable institutions to invest in SOL in a regulated way. Most recently, the likelihood of Solana ETF approval reached 76%, according to bettors on Polymarket. If approved, these ETFs could bring fresh capital into the Solana ecosystem, further boosting its long-term growth.
Cutoshi Trends on X After Securing over $1.4M in InvestmentsWhile Solana and Bonk are in a good position, a new Ethereum-based token threatens to outperform them. MemeFi token Cutoshi combines the virality of memecoin with the utility of DeFi. After securing more than $1.4 million in investments, the token started trending on X, leading to even more interest.
Currently, Cutoshi has secured $1,472,716.432 in presale investments. With over 80% of the tokens already sold, the presale is set to conclude in early 2025. What attracts these investments is Cutoshi’s blend of memecoins and DeFi utility.
Cutoshi is using memecoin virality to build a complete DeFi ecosystem and attract users to it. Its upcoming multichain DEX will feature self-custody, trading without limits, and low fees. Thanks to its memecoin status, it hopes to attract memecoin traders into the world of DeFi.
Ethereum-based tokens like Cutoshi are still seen as the gold standard of memecoin investing because of the overproduction of memecoins on Solana; tokens on its chain have taken a reputation hit. Ethereum makes it more expensive to produce memecoins, meaning that less serious projects prefer to use other chains.
All this, and its low market cap, means that Cutoshi is in a good position to outperform both Solana and Bonk in 2025
Bonk Makes Major MovesThe biggest Solana memecoin, Bonk, has had a remarkable performance this cycle. Like Solana, Bonk saw its ATH in November, when it reached $0.000059. The sudden surge came after the token was listed on major exchanges, getting exposure from new traders. It has since stabilized to its current level at $0.000034, but it’s still up 210.09% year-to-date.
Other than exchange listings, Bonk has benefited from major burn events. In December, the “BURNmas” event led to the burning of 1 trillion BONK tokens, substantially reducing its supply. These events typically push up the price of the token, if demand stays the same.
Bonk is also benefiting from its integration with the Solana ecosystem. The belief that the Solana Foundation supports Bonk leads to increased confidence in the token. For this reason, it has an active and engaged community with a positive long-term outlook on the token.
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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.
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