Although driven mainly by hype and speculation, the meme coin market has regularly delivered huge gains for investors. Having witnessed increasing adoption in the ongoing presale, the Cutoshi project is being compared to Shiba Inu’s 2021 bull season, which saw SHIB’s price setting an all-time high record.
Backed by a multichain DEX that will allow for easy swapping of digital assets, Cutoshi is also compared to established DEXs like Uniswap and Pancakeswap. Unlike other meme coins with no utility, Cutoshi is a project with a clear road map. With Shiba Inu finding it difficult to break a crucial zone, newer coins like CUTO could be the ones to surge.
Is Cutoshi A Smart Investment – Analysts Forecast 100x After The Recent Listing
Cutoshi is a revolutionary DeFi project, meme coin, and educational platform inspired by the traditional Chinese Lucky Cat and Satoshi Nakamoto’s teachings on blockchain technology. In the past, people placed the Lucky Cat in their homes to harness its lucky powers.
Combining that with Nakamoto’s teachings of decentralization, privacy, and monetary freedom, Cutoshi wants to bring luck, wealth, and prosperity to investors’ digital assets. One of the project’s talking points is the robust Cutoshi ecosystem designed with tools that ensure full DeFi participation.
Notable among them is the multi-chain DEX, which will allow for on-chain asset swapping. There is Cutoshi Academy, where users can enhance their knowledge of crypto market trends and DeFi. Users can also earn more tokens through the farming protocol by participating in quests, collecting points, and redeeming them for CUTO.
Cutoshi has been listed on CoinMarketCap, boosting the project’s visibility. The native utility token, CUTO, is sold for only $0.022. The project has a limited supply and also has a deflationary mechanism. With early investors already in profits and coupled with the fantastic ecosystem, there are high expectations of further price rallies before the end of the presale.
Can Struggling Shiba Inu Price Surpass Crucial Resistance Zone
Shiba Inu, the popular dog-themed meme coin built on the Ethereum blockchain, has been in the consolidation zone for weeks. In the past few days, an attempt to break through the $0.000019 resistance trendline was not successful, a signal that could have triggered a bullish rally.
CoinMarketCap data shows that Shiba Inu’s price has dropped by 3% in the past day, and its market cap has also dropped to $10.6B. Data from Shibburn, the website that tracks the Shiba Inu token burn rate, shows that the burning rate has dropped by 99% in the past 24 hours as the meme coin struggles to maintain the $0.000018 support zone.
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Source: CoinMarketCap
Meanwhile, data from Shibariumscan shows that transactions on the Shibarium Layer 2 blockchain network skyrocketed over the past few days, moving from 3,690 on October 17 to as high as 324,590 on October 19, signaling growing ecosystem adoption. Given the Shiba Inu bullish market sentiment, there are expectations that the SHIB price will break the $0.000020 mark soon.
Why Investors Are Embracing Meme Coins
Although most meme coins thrive on hype and speculation, they are also quick avenues to making solid gains in the cryptocurrency market. With Shiba Inu price volatility, newer coins like Cutoshi are gaining attention, with expectations of massive yield driven mostly by its robust ecosystem.
For more information on the Cutoshi (CUTO) Presale:
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https://twitter.com/CutoshiToken
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