Shiba Inu has recently generated excitement for major project developments. Developers have once again teased the upcoming TREAT token, bringing new utility to its ecosystem. At the same time, Cutoshi is a utility coin that attracts attention with its significant potential.
Shiba Inu Sees Bullish Momentum After Major News
The “dog killer” Shiba Inu (SHIB) was one of the strongest projects of this cycle. Recently, Shiba Inu hit a multi-month high of $0.000329. Currently at $0.00003057, Shiba Inu has experienced 80% growth last month. The latest developments suggest that the token is still in a good position to grow.
Source: CMC
Excitement over new project launches has fueled much of Shiba Inu’s recent performance. According to the latest messages from Shiba Inu ecosystem manager Shytoshi Kusama, Shiba Inu finally unveils the TREAT token.
https://x.com/ShytoshiKusama/status/1864026106841510051
The TREAT token has been available since 2022, but has not yet been made public. Its purpose is to serve as both a coin and utility token, playing a role in Shiba Inu governance. This means that Shiba Inu is adapting to the growing interest in utility tokens. In fact, technical projects have outperformed even plays this season.
The techniques are very strong for Shiba Inu. Currently, the simple and exponential moving averages are below the current price. This indicates bullish momentum for Shiba Inu. The oscillators are mostly neutral, but the momentum indicator is a buy.
MemeFi Cutoshi Token Eyes $1 Potential
The shift to utility in the meme piece space has benefited a trendy meme piece. The MemeFi Cutoshi Token (CUTO) is attracting a lot of attention, thanks to its focus on DeFi and its utility. The ambitious objectives of the project have already made it possible to obtain significant investments.
By December 4, Cutoshi had raised over $1.2 million in pre-sale investments, just weeks after its launch. The token is currently in its 4th presale stage, rising from its initial price of $0.015 to $0.031. As investors increasingly focus on utility.
Source: Cutoshi
MemeFi Cutoshi combines meme coins with DeFi utility. It aims to build a decentralized ecosystem managed by its community. At its center will be the Cutoshi Multichain DEX, aiming to make trading easier and more accessible than ever. The DEX will offer low fees, self-custody, and an intuitive interface to make trading both secure and easy. These features align with its mission to inform regular traders about DeFi and its benefits.
Can Cutoshi really reach $1?
Yet while Cutoshi’s mission is noble, can it really go from $0.031 to $1? The key to this question lies in Cutoshi’s tokenomics. The token has a fixed supply of 440 million and a built-in deflationary mechanism. Notably, part of Cutoshi DEX’s revenue will be dedicated to burning the token.
From a tokenomics perspective, a $1 price target is ambitious, but possible. At current market prices, a target of $1 would place Cutoshi among the top 300 crypto assets. Ultimately, Cutoshi’s rise to $1 will depend on the performance of the DEX.
For more information on the Cutoshi (CUTO) presale:
https://cutoshi.com/
Join and become a member of the community:
https://twitter.com/CutoshiToken
https://t.me/cutoshi