With all the turmoil in the crypto market, the gains are coming. As Bitcoin targets an all-time high at $100,000, Shiba Inu follows. At the same time, two other tokens, Bonk and Cutoshicould see massive gains in the near future.
Shiba Inu barks in the major leagues
The crypto market is experiencing a lot of enthusiasm Shiba Inu. Currently, the Shiba Inu is priced at $0.00002919with a 30-day gain of 68%. As Bitcoin hits its all-time high near $98,000, the crypto market is booming and Shiba Inu is poised to gain too.
What motivates Shiba Inu, in addition to the global market, is the growth of its ecosystem and its technical developments. In particular, the Shibarium NetworkShiba’s Ethereum Layer 2 is undergoing a major upgrade. The next hard fork will address some of its biggest issues.
Shibarium should in particular become more scalable, thus optimizing the user experience. At the same time, transactions will be faster and reach finality sooner. These developments explain why analysts are optimistic about the Shiba Inu.
Token burns are another important bullish driver for Shiba Inu. Recently, more than 4 million Shiba Inu have been taken out of circulation. This is still optimistic for SHIB. Techniques also flash buy signalsespecially moving averages. For this reason, analysts predict that SHIB will reach $0.000056 by the end of 2024.
Bonk is a joker in the coin jungle
The self-proclaimed Solana-based Doge, Bonk, is entering a volatile phase. Since its historic record at $0.000053the token fell by 10%. Currently, it is trading at $0.00004252, up 123.16% in the last 30 days.
The volatility is seen in Bonk’s technical data. The overall outlook for the token is currently neutral. Notably, the short-term moving averages are above Bonk’s current price, indicating selling pressure. At the same time, the long-term moving averages are bullish, meaning the token still has some support.
Despite this, analysts remain optimistic about Bonk. if the token crosses the $0.000045 resistance, it has the possibility of surpassing its all-time high. In this bullish case, Bonk has the potential to triple its ATH values, reaching $0.00015.
Cutoshi raises $1.2 million in investments
As memecoins enter a period of volatility, investors are looking for alternatives. The MemeFi Cutoshi token is one of those that benefits. By mixing memecoins with DeFi, Cutoshi secured $1.2 million just weeks after launching its presale.
The million-dollar investment milestone did not go unnoticed. Cutoshi was trend onshowing that traders are interested in its unique approach. What particularly attracts investors to Cutoshi is its emphasis on utility and decentralization.
Cutoshi is building a DeFi ecosystem that aims to make decentralized technology more accessible than ever. Most crypto traders still rely on centralized exchanges. This leaves their crypto in the hands of potentially unscrupulous entities, which can lead to disaster. The collapse of FTX is just one example of this phenomenon.
This is why Cutoshi wants to bring as many people to DeFi as possible. Its multi-chain DEX, for example, will aim to make trading simple and accessible. At the same time, he also promised to launch a learning academy to help new traders.
As more traders recognize the importance of custody, Cutoshi is well-positioned to play its role in making crypto truly decentralized.
For more information on the Cutoshi (CUTO) presale:
https://cutoshi.com/
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