The bearish market is a result of correction on several top altcoins, and it remains to be seen where these tokens can get to in the long run
Despite the bearish market affecting several top altcoins, SUI has managed to maintain its strength, showing resilience in the face of the broader market downturn. As a result, SUI traders are keeping a close eye on the new projects entering the scene.
Pepe Unchained (PEPE) and Cutoshi (CUTO) are two promising tokens that have attracted the attention of Sui traders. Here's a closer look at these tokens and how Sui is faring in the crypto market.
SUI Price trades up
Even as Bitcoin and Ethereum continue to trade below their crucial price points, SUI has managed to stay in the green for over a month now. The token has managed to secure 5.8% gains in the past week alone.
While many might attribute the SUI price uptrend to the FOMC’s announcement of interest rate cuts, it went even deeper than that. The blockchain has established bridges to the Ethereum network that will encourage interoperability on both chains.
This move will ensure that more DApps can be accessed on Sui and that Ethereum traders can enjoy faster and cheaper transactions on Sui. Recently, Gray-scale also opened a Trust Fund for accredited investors on Sui.
This development follows SUI’s consistent trading activity, and the crypto asset managers could soon begin the process for ETF approval on Sui.
Presale Frenzy: PEPE Garners $17 Million and counting
If PEPE’s grand entry in 2023 was with a bang, then Pepe Unchained (PEPU) is planning something even bigger. The presale had FOMO on its side, as the gains from Pepe are still very fresh on crypto traders’ minds.
So far, the project has managed to garner around $17 million in presale revenue. Considering that the presale just started, PEPU might be looking at one successful meme coin launch.
Moreover, Pepe Unchained (PEPE) doesn’t come with the annoying feature of being correlated with Bitcoin’s price. The token is not affected by the whims of the top crypto, making it more stable than many other meme projects. No wonder Sui traders want some PEPU in their portfolios.
But looking past Pepe Unchained (PEPE), there’s one more meme project pooling quite the support at this rate. Cutoshi (CUTO) is one for the culture, but traders still get a sizable chunk of DeFi features on it.
Cutoshi (CUTO): Culture meets Defi
A blend of culture and blockchain ideology, Cutoshi (CUTO) ensures that its project isn’t lost in the pursuit of preserving the culture that it abandons utilities and profits. A community is already forming for the CUTO ecosystem, where users get to decide the platform’s future through voting.
For the culture, CUTO combines the legend of the Chinese Lucky Cat with Nakamoto’s dream for the blockchain. So you can expect a daily stream of memes for entertainment to go with Defi functionalities like the Cutoshi DEX, academy, NFTs, Merch and farming options.
As a Cutoshi (CUTO) holder you get the benefits of token appreciation, governance and can participate in different fun community activities while earning free CUTO tokens in the process. You can become a holder for only $0.015 and enjoy all the perks.
SUI Traders Want A Part In PEPU And CUTO
The trading community is always on the lookout for the next best thing, and even traders on top altcoins like Sui are not left out.
Pepe Unchained is already $17 million up in three months, and CUTO tokens are available at a bargain. Each CUTO token goes for $0.015 at the moment, and there are only a few tokens left in Stage 1 as more investors are trusting Cutoshi’s features to put the project among the best crypto coins.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
The above is the detailed content of SUI Traders Want a Piece of the PEPU and CUTO Presale Frenzy. For more information, please follow other related articles on the PHP Chinese website!