Cutoshi (CUTO) Bridges Memes With DeFi As Tron (TRX) Network Fees Soar

The Tron network has witnessed incredible growth in several areas, especially in its adoption, which has consequently led to higher fees.

The Tron (TRX) network has seen several areas of incredible growth, particularly in terms of adoption, which has led to higher fees. While increasing TRX prices is generally viewed favorably by investors, higher fees could potentially make the Tron Blockchain more expensive and less attractive.

In response to this issue, the TRX team has announced plans to slash network fees by half through adjustments to energy nodes.

Meanwhile, the Cutoshi (CUTO) presale continues to gain momentum after crossing the $600K milestone. Recent developments, such as a CMC listing and the upcoming launch of its farming protocol, have left investors bullish about the project.

In addition to its token farming protocol, which will reward community members for participating in quests and challenges, Cutoshi (CUTO) will introduce a multichain DEX where users can easily trade and swap crypto assets across multiple blockchains. This move will address the interoperability issues inherent in traditional DEXs. Cutoshi draws inspiration from the traditional Chinese Lucky Cat and the core principles of Satoshi Nakamoto.

Furthermore, its learning academy will provide educational materials on DeFi and cryptocurrency. This will not only help new investors navigate their path to financial freedom but also create awareness for the platform.

While the DeFi market is projected to reach USD 231.19 billion by 2030, Cutoshi (CUTO) could capitalize on this growth metric thanks to its cutting-edge DeFi functionality. So far, Cutoshi has managed to raise over $630K in stage two of its presale campaign. It has also seen a price increase from its initial offering of $0.015 to $0.022. With these features, coupled with its deflationary mechanism, Cutoshi is set to mirror the bullish growth metrics of popular altcoins like Tron coin.

Tron’s Daily Total Transactions Hit 12-Month High

The Tron network has experienced significant growth, with daily total transactions reaching 10.46 million on October 24. This marks its highest point in a year since 2023, when it recorded over 12 million transactions. While TRX has seen an increase in transactions and daily active addresses, its TVL has decreased from a high of over $8 million in August.

According to on-chain metrics, the price of Tron coin is still at a good entry point as the bulls attempt to drive its value higher over the last four weeks. Interestingly, TRX price is forming a double top with the price action in August. This pattern usually indicates that the TRX token might encounter resistance above the $0.166 level. As such, Tron’s price could experience a pullback in the coming days.

While its price is closer to its 2024 peak, the altcoin’s relative strength index is lower than the corresponding peak. This suggests that the current bullish momentum is weaker than the previous rally. Notably, Tron’s price prediction indicates that the altcoin might experience profit-taking from its holder in early November. However, it could see an extended rally depending on demand.

Can Cutoshi Outpace Tron Coin In The Next Bull Market?

As the Tron network grapples with increasing gas fees and diminishing bull momentum, the Cutoshi (CUTO) presale is rapidly emerging as a compelling alternative, offering a diverse market appeal poised to drive massive adoption in Q4, setting it up for exponential growth.

For more information on the Cutoshi (CUTO) Presale:

The above is the detailed content of Cutoshi (CUTO) Bridges Memes With DeFi As Tron (TRX) Network Fees Soar. For more information, please follow other related articles on the PHP Chinese website!