Analysis on Why Crypto Traders Are Obsessed With These Altcoins, Neiro, Binance Coin and Cutoshi
In a world where things move so quickly, crypto traders are often drawn to a coin with a sense of history or culture around it. Especially when people can get in early on a movement with the potential to go to the moon.Â
For example, Neiro has gained popularity because she is the real world adopted sister of Kabuso, making her part of the tradition of the dog that inspired DOGE and so many other Shiba Inu meme coins.Â
Binance coin (BNB) has real-world utility on the BNB smart chain and for trading discounts on the app, but also reminds most traders of the once crypto legend and CEO of Binance â âCZâ.Â
Cutoshi, for its part, is tapping into the cultural appeal of the Chinese Lucky Cat, the utility of DeFi, and the meme culture that makes crypto what it is.
Neiro Shows That Staying True To Tradition Can Be Profitable
Neiro stays true to the original DOGE and SHIB concepts, focusing on dogs and doing good, rather than technological advancements. That said, Neiro does encourage fun stuff for its community including AR filters of Neiro the dog, that you can use on your phone. (And bring it into your living room, how cute!).
Although Neiro follows in the more simple style of DOGE, itâs a new coin, just three months old and currently up by 69,600% since its listing on CoinGecko.
So with that impressive performance set in the context of the history of 13 year old Dogecoin, itâs no wonder traders are turning to coins like Neiro, BNB, and Cutoshi.
Neiro is one of the best performers in the market this week, up by around 22%, and currently changing hands at $0.001727, up 5.4% on the 24 hour chart
The Legend Of Binance Coin â Combining Personality And Utility With Gains
BNB has been one of the biggest presale successes in history, up almost 400,000% since its initial price of $0.15, and thatâs already enough to make it one of the favorites of crypto. But as the coin of Binance, the exchange that famously spoke out through the charismatic âfunds are safuâ former CEO CZ aka Changpeng Zhao.
Although CZ is now under investigation, Binance continues on, albeit losing market share to competitors that have faced less scrutiny such as Coinbase. And the Binance Smart Chain, though not as popular as it once was due to the ever-growing number of blockchains, still holds an impressive $4,678,064,860 in TVL, making it the fourth biggest smart contract enabled blockchain, after Ethereum, Tron, and Solana.
So itâs no wonder that Binance coin, with its history and multiple use cases such as gas fees and trading discounts on their CEX, remains ever popular with crypto fans and holders.
BNB is up by 162% on the yearly chart.
The Cutoshi Concoction â Memes, DeFi, And Community Rewards
Cutoshi has definite meme appeal, and it also has the deeper purpose and attraction of DeFi done in a fun way. But how do we know that the project, which is new and in presale, is attracting popularity?
Well, for one, it was recently listed on CoinMarketCap where it currently has a 93% approval rating from the community, and lots of positive posts popping up.
Another important clue lies on the website itself, where we can see that the project has attracted close to $700,000 in investment from traders willing to bet on Cutoshiâs plan.
According to the website and whitepaper, the coin focuses around a DeFi ecosystem, presented in a fun meme-like way. Thereâs the Cutoshi cross chain DEX to make it simple for people to swap crypto for the lowest possible fees. There are opportunities to learn about DeFi and the wider crypto space with the Cutoshi Academy.Â
No such project would be complete without a gamified element to unite the community, and Cutoshi plans to offer competitive CUTOpoints harvesting in return for CUTO tokens and other rewards, among other challenges and quests. There will also be NFTs with use cases and cute memes.
Those coming to CUTO now are very early, which is a big part of the draw for investors. A sound concept and ideal based on decentralization and autonomy are likely to be other factors.Â
CUTO is up by 46% on the monthly, having risen to $0.022 in stage 2 of its presale.
For more information on the Cutoshi (CUTO) Presale:
https://cutoshi.com
Join and become a community member:Â
Tweets by CutoshiToken
https://t.me/cutoshi
