Digital asset use has surged, hitting $901m in inflows last week and a record $27b this year, while Cutoshi’s DeFi offerings and Cardano’s new partnership aim to attract more investors.
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Digital asset use has increased in the year, fueled mainly by the approval of the Bitcoin and Ethereum spot ETFs earlier in the year. Data from Coinshare shows that digital asset inflows surged last week to $901m, triggered mainly by a spike in Bitcoin transactions. Coinshare data shows that the year-to-date inflow has hit $27b, nearly triple the 2021 record.
Meanwhile, Cardano Networks’ recent partnership with BitcoinOS to tap into Bitcoin’s vast capital pool of $1.3t could drive more investors to the ecosystem. Cutoshi‘s presale has continued to make waves, triggered by its mission of revolutionizing the $64b DeFi market. Market watchers think the surging demand for CUTO might see the token hit $1 in early 2025.
Why Cutoshi will hit $1 in Q1 of 2025
Even though the meme coin adoption rate has spiked in the year, there is still the question of meme coins thriving on hype and speculation with no real utility. Cutoshi is about to change that mindset using its fantastic ecosystem. Unlike meme coins like Dogwifhat, which have no real value, Cutoshi is backed by a non-custodial multi-chain DEX, comparable to Uniswap.
The Cutoshi DEX allows for easy trading and swapping of digital assets without the need for an intermediary, solving issues of privacy, security, and asset bans that are common problems traders face in exchanges. In addition, Cutoshi is developing an educational platform where traders can enroll and enhance their knowledge of DeFi and the crypto market.
There is also the Cutoshi farming protocol, which is designed to reward the community. It rewards active community members who participate in quests or other activities with coins that can be redeemed for CUTO tokens. Meanwhile, Cutoshi is a project with two objectives: full decentralization and financial freedom.
Cutoshi is a project on a mission to bring DeFi closer to the masses. The recent listing on CoinMarketCap has further proven the team’s quest to enhance the project’s visibility. At stage 2 of the presale, CUTO is sold for $0.022, with early buyers having made 46% ROI. With the limited total supply, CUTO is expected to hit $0.1 in Q4 and $1 in early 2025.
Can the Cardano token reach the $1 threshold in December?
The recent Cardano network’s partnership with BitcoinOS is projected to trigger more adoption of the crypto. With the partnership, Charles Hoskinson, the co-founder of Cardano, has announced plans to relaunch the Bitcoin Education project in 2025. Going further, Charles believes the new development will dwarf anything Solana and Ethereum have done.
Meanwhile, Cardano data will soon be available on DEXTools, which is powered by TapTools. This integration lets users track the Cardano tokens and make investment decisions. However, even with the recent positive Cardano news, the ADA token has yet to break significant price levels. CoinMarketCap data shows that Cardano’s price is still below the $0.40 support zone, even with rising market activity.
In a post on X, Ali Martinez, a popular market analyst, thinks that the Cardano token is following a similar pattern to 2020. Ali believes that if history repeats, the Cardano coin might pump around November 18 with potential targets of $8. Meanwhile, Cardano’s market sentiment is neutral, with the coin having witnessed only 14 green days in the past month.
Which crypto coin to eye in Q4
The crypto market is booming, with expectations of massive ROI before the end of Q4. Cardano’s recent partnerships are projected to drive its adoption and possibly push the ADA price out of the consolidation zone. As for Cutoshi, the ongoing presale has stunned investors, given the rising demand for the token. With the strong utilities, CUTO’s price might hit $0.1 this quarter.
Link: https://crypto.news/digital-asset-use-surges-how-cardano-and-cutoshi-are-bringing-in-users/
Source: https://crypto.news
