Meme mania is about to kick off as Shiba Inu sees a significant increase in trading activity. Given their low prices, short-term investment opportunities, and huge support on social media, meme coins are expected to lead the market recovery in the fourth quarter, as they have done since the start of 2024 .
Apart from Shiba Inu, Dogwifhat and Cutoshi are popular meme coins expected to lead the next market boom. After consolidating at $2.5, WIF price is expected to rebound soon. Additionally, Cutoshi’s new bonus offer is expected to boost its adoption, which could see the CUTO token surge to 40x in Q4.
Cutoshi Coin Remains Top Pick Despite Shiba Inu Rally
Cutoshi (CUTO) differs from other meme coins because it has real uses. While meme coins such as Shiba Inu and Dogwifhat thrive on hype, Cutoshi is backed by a fantastic ecosystem with tools and features like a non-custodial multi-chain DEX that will enable seamless exchange of cryptocurrencies between various blockchains , solving privacy and security issues.
Another selling point is the Cutoshi Academy, designed to improve users’ knowledge of DeFi and the crypto market. To reward the community, Cutoshi is developing a farming protocol that will reward members who complete different quests with CUTO tokens. Considering the token’s high utility in the ecosystem, it is expected to land on the moon soon.
Meanwhile, the Cutoshi Spooky Savings event is here and users receive a 20% bonus on all deposits. However, it only lasts for 5 days, making it the best time to take advantage of the opportunity and accumulate the token. With the recent listing of CoinMarketCap and the upcoming listing of CoinGecko, the Cutoshi token price is expected to reach $0.5 by the end of the year.
At $0.022, now is the best time to accumulate the token. Within weeks of launching the presale, over 80% of the tokens planned for Stage 2 were sold, with the team raising over $650,000. Given the growing momentum and its mission to follow the fundamentals of DeFi, Cutoshi will likely enter the top 50 coins on CoinMarketCap sooner than expected.
Shiba Inu Coins Increase in Trading Activity
In anticipation of a market boom, Shibburn data shows that over 6 million SHIB tokens were burned in October with 105 transactions. According to on-chain data from IntoTheBlock, nearly 6 trillion SHIB tokens have been traded by large wallets over the past few days, with 224 large transactions recorded, fueling speculation of an imminent market rally.
Meanwhile, Ever Crypto Sage, a crypto analyst on X, believes that the Shiba Inu token is poised to break out soon. This expert’s position is based on the consolidation of the Shiba Inu price around $0.000018 and an increase in Shibarium trading volume. With the formation of the bullish pennant, Eva believes that the Shiba Inu token could reach the price of $0.000030 very soon.
Zooming in, Shiba Inu market sentiment is neutral. While Shiba Inu is trading above the 50-day SMA, the price is below the 200-day SMA. However, data from CoinMarketCap shows that Shiba Inu trading volume is up slightly, which could push the SHIB token price above $0.000018, a catalyst that could soon drive the price towards 0.000020 $.
Will Dogwifhat price increase to $5 by December?
The price of Dogwifhat (WIF) has declined in recent days after a series of failed attempts to break the $3 mark. With Dogwifhat price dropping 7% over the past week, the coin found support at $2. Data from CoinMarketCap shows that Dogwifhat’s trading volume is increasing, a signal that the rally is not over yet.
WorldOfCharts, a popular analyst on X, believes that the Dogwifhat token rally is not over yet. In its analysis on
Dogwifhat has three critical resistance levels to overcome before a resurgence can be completed. They cost $2.53, $2.68 and $2.75. Although the Dogwifhat crypto has only recorded 12 green days in the past month, once these zones reverse, it will likely reach $5 this month. Coincodex remains optimistic, with a Dogwifhat price prediction of $7.46 in the near term.
What three Memecoins should be on your investment radar?
The crypto market is still busy with investors looking for meme coins with potential. Shiba Inu has seen massive transactional activity, with rumors of an upcoming rally. While Dogwifhat is making big moves, Cutoshi could take a leap forward in the coming weeks. Considering the 20% bonus offer, now is the best time to use it and join the movement.
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