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Meme Coins Thrive as DOGE and SHIB Soar. Cutoshi is merging memes with DeFi, driving demand for its viral CUTO token presale.
Meme coins dominate the market, with Dogecoin (DOGE) and Shiba Inu (SHIB) leading the way with massive gains. A newcomer to the meme space, Cutoshi, may soon follow in their footsteps and benefit from the same legendary price multipliers that Dogecoin and Shiba Inu have experienced in the past.
By merging meme culture and DeFi functionality, Cutoshi could soon become one of the most sought-after projects as the viral presale of the native token CUTO sees increasing demand.
The next Dogecoin price rise is brewing
After hitting a yearly high of $0.42 over the past week, Dogecoin returned to $0.34 as traders began to take profits. At press time, Dogecoin is selling at $0.38 with an intraday increase of 3.2%; this shows that the retest of the previous support level was successful and buyers have positioned themselves in anticipation of the next rise. This increased interest is also reflected in Dogecoin volume, which surged 34% in the last 24 hours, as $9.4 billion worth of DOGE was traded on exchanges.
Crypto analyst Ali has detailed on why, in his opinion, Dogecoin is gearing up for another rally. He highlighted that whales are increasing their exposure to DOGE, with large wallets accumulating over 140 million coins in a matter of days. Additionally, despite substantial gains, Dogecoin’s MVRV indicator still has not reached overbought territory, meaning there is still plenty of room for growth.
Another indicator confirming Dogecoin’s upward trajectory is the formation of a golden cross on the chart, as the 50-day moving average crossed above the 200-day MA, which has historically led to substantial rallies.
Source: Commercial view
Shiba Inu price cools after rejection
Shiba Inu (SHIB) bulls failed to surpass the $0.000030 mark as the selling intensified around $0.000029. This led to a pullback and today Shiba Inu is selling at $0.000025 with a daily decline of 1.5%. Shiba Inu volume remains relatively stable with little to no movement in terms of larger transactions.
Despite the small time decline, Shiba Inu on-chain data supports a long-term bullish thesis, as 61% of Shiba Inu holders are now. in profit. Additionally, Shibburn shows that the Shiba Inu burn mechanism is operating at full capacity, with an activity increase of 6,223% and 281,000 SHIB tokens removed from circulation. This sustained deflationary pressure is expected to increase Shiba Inu demand while setting it up for massive rallies in the coming months.
Shiba Inu also made a golden cross chart pattern, following in the footsteps of Dogecoin, as investors set their sights on a bullish continuation.
Is Cutoshi the next big meme game?
Cutoshi has a unique DeFi platform that sets the project apart from the mass of meme coins. Aside from the majors like Dogwifhat, Dogecoin, and Shiba Inu, most memes have one major drawback: they offer virtually no utility and rely solely on hype. Hype is a fleeting and unreliable driver of growth, with the exceptions mentioned previously.
At the heart of the Cutoshi ecosystem is CUTO DEX, a cross-chain exchange that enables transparent trading with just 0.25% fees. Cutoshi brings together disconnected blockchains and eliminates middlemen, putting control back in the hands of investors.
Additionally, users will be able to earn substantial rewards and prizes in several ways. They can provide liquidity or stake the CUTO token for a passive income option. During and after the pre-sale, they can also participate in special events and missions aimed at strengthening Cutoshi’s presence in the crypto space. In exchange, they will receive CUTO Points, which can then be exchanged for more CUTO tokens.
Over $1,000,000 has been raised during the ongoing CUTO token presale and thousands of investors are flocking to get allocation. CUTO is currently selling for just $0.0259, with the price expected to increase significantly in the coming weeks.
For more information, visit Cutoshi official website and join the community on X And Telegram.
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