Experienced crypto traders understand that patterns reoccur in crypto market trends, and they take advantage of repetitive success signals. In what feels like nostalgia, traders have identified similar patterns between the early days of Shiba Inu (SHIB) and a new meme project, Cutoshi (CUTO). Experts are now closely monitoring developments on Cutoshi after recent CoinMarketCap listing as the meme coin could be set to replicate Shiba Inu’s surge.
Shiba Inu Rise To The Top
Despite now being at the pinnacle of the meme coin hierarchy, the ascent of the Shiba Inu coin was quite unprecedented, as hardly anyone saw it coming. Shiba Inu (SHIB) was merely a joke in the beginning, but the meme coin quickly rose to prominence to rival the more established Dogecoin.
Just one year after Shiba Inu (SHIB) launched at a lowly $0.000000000073, the Shiba Inu price spiked astronomical by about 43,800,000%, making it one of the biggest success stories in the crypto market history. Analysts have linked the success of the Shiba Inu coin to several factors, chief among which are community support and hype from its ‘SHIBArmy,’ and how it promoted the meme culture with its Shiba Inu dog logo.
Source: CoinMarketCap
Shiba Inu (SHIB) has now reached $11 billion in market cap, as the project closes down on the top 10 altcoins in the crypto market. The Shiba Inu coin price is currently trading at 1406370.00% above its opening price. One can only imagine how much its earliest investors have made.
Cutoshi Shares Similarities With Shiba Inu
Cutoshi (CUTO) is the new sensation gaining the attention of crypto traders who have now drawn parallels between the new meme coin and Shiba Inu. The project derives its essence from Satoshi Nakamoto’s vision of economic freedom, security, and privacy as the key ingredients of Defi. Cutoshi has raised $500,000 in its two stages of presale, and the huge following is down to some of its exciting features.
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Like Shiba Inu, Cutoshi places a high premium on enhancing the meme culture and promoting its community. For its meme symbol, the project adopts the Chinese Lucky Cat, which, according to beliefs, attracts good fortune. Through its community initiatives like the Cutoshi Academy and farming, the project supports the masses by providing valuable Defi education. Members of the community also have the privilege of earning extra tokens by farming, undertaking quests and tasks claiming rewards along the way.
Despite being a meme project, Cutoshi (CUTO) draws utility from the Defi sector. The Ethereum-based project sports a DEX platform where users can trade, swap, and manage their assets across multiple chains. This singular feature solves the problems of lack of utility in the meme sector, adding further value.
Cutoshi is currently valued at $0.022 in presale stage 2, having surged 46% from its stage 1 price. Despite its impressive presale gains, analysts insist its potential post launch is the real deal, and that the CUTO token could go on to surpass the Shiba Inu price surge.
Can Cutoshi Replicate Shiba Inu’s Ascent?
It’s some sort of deja vu for traders right now. Cutoshi is giving reminiscent impressions of Shiba Inu’s early days with Defi utilities to complement. If Cutoshi would truly replicate Shiba Inu’s trajectory, then this might be the beginning of another impressive success story in the crypto market.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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