- Dominance of Ethereum Memecoins
- Success Factors of Ethereum Memecoins
- Cutoshi: A Memecoin with Utility
Over the past year, crypto markets have seen the emergence of memecoins on several chains. Despite this, Ethereum memecoins continue to dominate. One such memecoin, Cutoshi, is generating excitement with its presale.
Dominance of Ethereum Memecoins
Ethereum is the biggest and the oldest smart contract platform, hosting some of the largest and oldest memecoins. Its large ecosystem dominates in terms of total value locked (TVL), surpassing all other chains combined. Out of the top five largest memecoins, three are Ethereum tokens: Shiba Inu, Pepe, and Floki. Solana, with its lower fees and ease of launching tokens, only has WIF in the top five.
Success Factors of Ethereum Memecoins
The high quality and reliability of projects on Ethereum make them preferable for traders. The simplicity of launching on Solana leads to many low-quality and scam tokens, negatively impacting the network’s reputation. Ethereum provides a platform for more reputable and trusted projects.
Cutoshi: A Memecoin with Utility
Cutoshi is one of the promising Ethereum-based memecoins. Inspired by the Chinese Lucky Cat, this token offers entertainment along with a range of utilities. Its ecosystem includes the Multichain Cutoshi DEX, enabling users to trade with full custody of their assets. Farming and staking are also available, with plans for a trading academy and NFT rewards in the future.
Ethereum-based memecoins hold their dominance due to the high quality and trust in projects. Cutoshi, with its promising presale and utility features, has the potential to become a leading project this year.
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