Crypto News: Aptos (APT) Price Pumps As TVL Reaches $920M, Cutoshi Price Surges 46%

Aptos (APT)’s second year anniversary which took place a few days ago came with remarkable achievements. Some of its milestones included the onboarding of over 27.7M all-time active addresses, 1.7B all-time transactions and just recently, the layer-1 blockchain network’s total value locked (TVL) surpassed $920.

Meanwhile, a fast-rising presale star, Cutoshi (CUTO) is joining Aptos in the spotlight as it recently secured a listing on CoinMarketCap. More interestingly, the native $CUTO token recently surged by 46% in the second stage of its presale, thereby attracting enormous attention to the hybrid MemeFi protocol.

Cutoshi’s Hybrid Ecosystem Drives Rapid Advancement In Presale

Cutoshi (CUTO) has been enjoying quite a lot of attention since it recently debuted in the presale market. One factor that has contributed to the growing interest is its hybrid protocol, which essentially blends the community approach of meme coin with the lucrativeness of decentralized finance (DeFi).  

Notably, the Cutoshi ecosystem houses a DEX platform, a staking protocol and a farming mechanism, all of  which drive continuous engagement on the platform. For instance, users can seamlessly swap their crypto asset across multiple chain networks using the Cutoshi DEX, or even participate in community quests via Cutoshi farming in order to earn additional token or complementary rewards.

Meanwhile, the entire operation within the Cutoshi ecosystem is powered by the native $CUTO token. While this makes CUTO an utility-backed token, it also adds to its sustainability model– a built-in scarcity. This implies that the token will occasionally undergo a burning process that reduces its supply in order to boost demand and long term value. Currently sold for $0.022, the CUTO token offers a good entry point for early backers. 

Aptos Network’s Second Anniversary Aftermath Attracts Positive Sentiment To APT Token

Aptos (APT) Network is witnessing an increasing interest amidst its second year anniversary which was held on the 18th of October. Meanwhile, there have been a lot of updates to the network recently, which is also accompanied with several partnerships with industry leaders like Ondo Finance. 

While all of these are happening concurrently, the ripple effect has also been evident on the price of the native APT token. Although it has lost a bit of its momentum in the past week after it fell off its weekly high of $11.16 to a current level around $10.00, APT price still maintains a bullish outlook in the past month as seen in the chart below.  

Source: CoinMarketCap 

This recent price surge further contributed to APT token’s year-to-date price recovery which has now registered about 64% increase after hitting a yearly low of $4.99 from its peak price of $18.09. While APT price is still half-way away from its ATH of $19.90, the Aptos community have maintained unwavering optimism for a price resurgence. Interestingly, APT token’s technical analysis including its moving averages also points at a strong buy.

Can Cutoshi Deliver More Returns Than Aptos This Q4? 

Both Aptos and Cutoshi are making waves in their respective markets. Although Aptos’ recent anniversary has been drawing quite an enormous attention to the Layer-1 blockchain network, its ability to retest its YTD peak and possibly surpass its all time high remains uncertain. 

In contrast, Cutoshi’s presale status suggests a progressive and relatively stable return for early backers. There are predictions that the token could compete with Aptos and see a significant price surge by the time it completes its CEX and DEX listing.

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