Rising Shiba Inu prices have created massive demand and the altcoin is expected to continue its upward trajectory, potentially hitting its 52-week high of $0.00004575 by the end of the year.
Meanwhile, Pepe (PEPE) also posted a huge rally, with the price tripling in ten days. However, the new coin itself, Cutoshi (CUTO), has seen increased investor participation as traders believe its token presale can offer better returns.
Shiba Inu (SHIB) Consolidates After Promising Breakout
After a month-long consolidated price action, Shiba Inu (SHIB) broke critical resistance at $0.00001949 last week. Shiba Inu rose significantly after breaking above this resistance, gaining over 50% in just a few days to reach the price of $0.00003044.
However, Shiba Inu quickly fell by more than 25% over the next four days. Over the past 24 hours, Shiba Inu is up 2.6% and trading at $0.00002436.
On the 4-hour chart, Shiba Inu broke above the upper trendline today, which rejected the price from the recent high. Shiba Inu has been consolidating for three days due to immediate resistance at $0.00002626. If Shiba Inu breaks this resistance, it could induce significant demand, helping to continue price increases.
Pepe (PEPE)
On November 5, 2024, PEPE started a new rally, soared over 200%, and reached a new all-time high (ATH) of $0.00002524 on November 14, 2024. However, PEPE faced massive bearish sentiment, falling by almost 20% below this new ATH on the same day. .
The Relative Strength Index is at 77 and is falling as PEPE undergoes a price correction. Today, PEPE took support near yesterday’s opening price of $0.00002065.
PEPE is now trading at $0.00002117 and has seen a drop in demand today, as indicated by the 30% drop in daily trading volume. PEPE experiences large intraday price fluctuations as traders are uncertain about future price action.
Cutoshi (CUTO): Practical Memecoin Rivaling SHIB and PEPE
Cutoshi is a utility coin that has gained popularity due to its convenient ecosystem. The project is inspired by Satoshi Nakamoto’s vision of the global adoption of decentralized finance (DeFi).
Unlike most meme coins, Cutoshi is on a serious mission to spread DeFi so that it can be mass adopted and the decentralized economy can grow. He plans to achieve this by using the power of the coin community to reach the masses.
It has built an attractive ecosystem consisting of Cutoshi DEX, Cutoshi Academy and agriculture. Cutoshi offers its users peer-to-peer cross-chain asset exchange so they can manage all their digital assets on a single platform. The DEX provides secure and fast transactions with low fees, which it uses to maintain smooth operation and make updates to increase the efficiency of the platform.
Cutoshi provides newcomers with an easy transition to DeFi by providing fun and engaging learning materials that simplify complex blockchain and Web3 concepts. The best part is that all content will be free so anyone can access it and join the DeFi ecosystem.
THE agriculture The mechanism for users to earn exciting rewards is live and over 2,500 members have started farming. Users can earn by completing quests and moving up the community leaderboard. Rewards are CUTO points which can be converted into CUT tokens. Completing more challenges gives more rewards, as higher ranks get more points.
Cutoshi also offers a merchandise store so community members can support the platform and show their dedication to CUTO. Merchandise will include CUTO-themed hoodies, beanies, phone cases, mugs, and more.
THE CUTO presale has reached the third stage and the token currently has a value of $0.0259. As the presale progresses, the price will continue to increase, generating huge profits for early investors.
For more information on the Cutoshi (CUTO) presale:
Join and become a member of the community:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
This is a sponsored post. The opinions expressed are solely those of the sponsor and readers should conduct due diligence before taking any action based on the information presented in this article.