Meme coins are all the rage and investors who capitalize on this trend today could see incredible returns when the bull market enters its manic phase. Dogecoin (DOGE) and Shiba Inu (SHIB) are leading the charge, with both projects looking poised for the next momentous rally.
Cutoshi is also making waves in the space with its unique framework that brings DeFi utility backed by meme cuteness. Investors are flocking to the viral $CUTO presale, which has already raised over $1 million in record time.
Shiba Inu whales step in
After surging over 70% in just a few weeks, Shiba Inu (SHIB) pulled back from the $0.000029 high and entered a short-term thinking phase. Shiba Inu is currently trading at $0.000024 with an intraday decline of 2.85%.
According to on-chain data from IntoTheBlock, Shiba Inu whales are conspiring to drive up the price and knock a few zeros off the price of SHIB. The analytics firm says portfolios containing between $1 million and $10 million in SHIB strengthened their positions by 425%.
Additionally, Shibburn, the Shiba Inu’s combustion mechanism, fires on all cylinders, with a 487% increase in burn rate. This means that 5.9 million SHIB tokens have been removed from circulation. This continuing series of supply shocks is expected to drive the Shiba Inu price higher in the coming months as scarcity increases.
Dogecoin retests higher support levels
After spending months on the sidelines, Dogecoin (DOGE) is now leading the pack, with a staggering 200% return that took just a few weeks to unfold. Dogecoin peaked at $0.47. However, as the selling pressure intensified, it saw a pullback, settling at $0.39 with a daily decline of 1.3%.
As Dogecoin continues to hit major milestones, the prophesied $1 DOGE basically seems like a guarantee at this point. The sentiment around Dogecoin is so bullish that some analysts believe it could even hit a double-digit all-time high at the top of the cycle.
Trader and analyst Dima James Potts has common a chart reading on X that compares Dogecoin’s current performance to previous cycles. He believes that the ambitious goal of $10 could be possible and that the Dogecoin moon mission is only just beginning.
Shiba Inu and Dogecoin will undoubtedly provide substantial returns to their holders. However, savvy investors understand that real gold is found in micro-cap projects that have nowhere to go, with Cutoshi being one of the best examples.
Is Cutoshi the next big meme?
Cutoshi exists at the intersection between memes and DeFi. At the heart of its ecosystem is CUTO DEX, a cutting-edge non-custodial exchange that integrates all major blockchains, enabling seamless cross-chain trading at near-instant speeds.
Cutoshi is inspired by the Lucky Cats found in Chinese and Japanese legends. These cats are said to bring luck to businesses, while Cutoshi brings luck to blockchain.
This means that early investors can reap incredible rewards as they interact with the platform through the Cutoshi Farming initiative. They have the opportunity to complete fun tasks and quests aimed at expanding Cutoshi’s online presence. These efforts will earn them CUTO points which can then be exchanged for $CUTO tokens. Cutoshi launched a meme contest with a prize pool of $2,000. Readers who would like to know more are encouraged to visit the official Cutoshi website. Account
Stage 3 of the presale is almost sold out and $CUTO is only $0.0259. Timing is everything and the $CUTO token should launch at the most perfect moment in the cycle. Considering everything Cutoshi has to offer and its relatively small market cap, it’s not far-fetched to expect it to outperform the likes of Shiba Inu and Dogecoin.
For more information on the Cutoshi (CUTO) presale:
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https://twitter.com/CutoshiToken
