Early Shiba Inu investors, who witnessed the token’s remarkable transformation from a simple ERC-20 meme coin to a full DeFi ecosystem, are drawing intriguing parallels with newcomer Cutoshi. With SHIB’s historic 74,000,000% price increase in 2021 still fresh in memory, attention is turning to Cutoshi’s $9M market cap and its potential for similar growth.
Shiba Inu’s Transformation From Meme To Defi Champion
“The community is stronger than ever… there are more things happening in this ecosystem right now with Shiba eternity, with Shibarium, with the metaverse,” notes a prominent SHIB analyst.
Clearly, Shiba Inu’s transformation from meme token to serious DeFi player wasn’t accidental – it was built on smart contract capabilities that enabled the development of ShibaSwap, NFTs (Shiboshis), and governance tokens like BONE. It eventually led to the creation of their Layer 2 blockchain, the Shibarium, with a privacy-focused Layer 3 in the works.
What sets Shiba Inu apart is its ability to combine technical development with community engagement. The project successfully launched its own DEX, developed NFT gaming projects, and the Shibarium – all while maintaining its accessible, community-focused approach.
Like Cutoshi, Shiba Inu has become well known for its buybacks and burning which help to stabilize and even grow the price of SHIB.
Shiba Inu continues to entertain and provide serious solutions, providing clear yet lighthearted crypto market content via their online newspaper, TheShib.io.
SHIB is currently down by 3.5% on the daily but up on the monthly and yearly charts.
Cutoshi Is Echoing SHIB’s Path With A Fresh Perspective
Like Shiba Inu’s initial focus on decentralization and community building, Cutoshi is positioning itself as something more than an ordinary meme coin. The project’s whitepaper reveals striking parallels with SHIB’s successful formula – combining serious DeFi infrastructure with accessible branding.
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What’s particularly catching Shiba Inu holders’ attention is Cutoshi’s emphasis on community engagement through “Cutoshi Quests” and yield farming – similar to how Shiba Inu built its loyal “ShibArmy” through community initiatives and staking rewards.
There’s also a merch shop which will allow holders to use the Lucky Cat as a talisman of prosperity and badge of belonging and honor. Shibcals on Shiba Inu have proved that merchandise can be so popular, especially when people are allowed to print out their NFTs into 3d objects.
At a $9M market cap compared to SHIB’s $10.5B, early investors see potential for significant growth, especially given Cutoshi’s comprehensive roadmap including NFTs, a learning academy, and broader DeFi integration – elements that contributed to SHIB’s own success story.
As one Shiba Inu community member noted, “The key to SHIB’s success wasn’t just being a meme coin – it was building real utility while keeping the community engaged. Cutoshi seems to be following that same playbook, just at an earlier stage.”
Cutoshi is gaining attention and has recently been listed on CoinMarketCap – Binance’s famous portfolio and coin tracker.
CUTO, the native token that allows trading discounts in the merch shop and learning academy, is currently on sale at $0.022. This comes after a rise of 46% as the presale passed from stage 1 to stage 2. A similar rise is expected at the end of stage 2, which is currently 59% sold out.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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