Green candles are flooding the charts and many major cryptocurrencies are seeing strong gains as they break through resistance levels. Shiba Inu (SHIB) in particular teases bullish continuation as accumulation continues. Cardano (ADA) appears poised to follow suit as its momentum builds.
However, savvy investors know that the real gains will be made with undervalued small-cap gems such as Cutoshi. Cutoshi is a newcomer in the coin space and could soon reach incredible heights once its viral presale ends.
Shiba Inu consolidation at $0.000024 continues
Shiba Inu (SHIB) entered a cooling phase after seeing double-digit gains during the monthly time frame. At press time, Shiba Inu is trading at $0.000024 with an intraday decline of 4.8% and a decline of 9% in volume, with approximately $1.1 billion worth of SHIB traded on the exchange over the past few years. last 24 hours.
Despite the current local crisis, on-chain measurements for Shiba Inu are decidedly optimistic. The Shiba Inu’s combustion mechanism, Shibburn, is operating at full capacity, and over the past day it has seen a 6,070% increase in activity. As a result, over 4 million SHIB tokens were removed from circulation.
Additionally, Shiba Inu’s monthly RSI is approaching 60, meaning buyer demand is growing rapidly, which could soon result in another massive rally.
Source: TradingView
Cardano continues its rise to $1
Cardano’s largely disappointing price action frustrated ADA holders, however, the situation quickly changed when pro-crypto candidate Donald Trump became President-elect of the United States. Not only did market-wide sentiment turn bullish overnight, but Cardano could soon see an additional surge as founder Charles Hoskinson expressed his desire to help the Trump administration as a crypto advisor. Hoskinson hopes to help create a comprehensive regulatory framework aimed at encouraging the development and adoption of digital assets.
At press time, Cardano is trading at $0.83 and posting a remarkable daily increase of 13.5%, accompanied by a 109% increase in 24-hour trading volume, or approximately $3.3 billion. ADA dollars.
Analyst Ali Martinez pointed this out on X that Cardano is seeing a significant increase in large transactions, reaching over $22 billion in the last day.
The golden cross shape on Cardano’s chart also confirms the bullish thesis, with the 50-day moving average surpassing the 200-day MA. This could mark the start of an extended uptrend, putting Cardano on track to reclaim the crucial $1 level.
Source: TradingView
Cutoshi Leads a Utility-Focused Meme Revolution
The stereotype around most meme coins is that they are nothing more than speculative assets doomed to fade into oblivion after the first sell-off. While this is true for many projects that have even managed to reach valuations in the billions, projects like Cutoshi want to reverse the trend.
Cutoshi achieves this by blending pristine meme energy with cutting-edge DeFi functionality, made all the more appealing by its innovative reward system dubbed Cutoshi Farming.
At the heart of the Cutoshi ecosystem is CUTO DEX. It is a decentralized exchange that allows lightning-fast transactions on all major blockchains for just 0.25% fees.
Cutoshi adopts the Japanese lucky cat as his mascot and aims to bring prosperity and good fortune to the rapidly growing community that has rallied around his banner. Cutoshi will do this through the Cutoshi Farming initiative. Users will be able to earn monetary rewards and special prizes by engaging in the ecosystem and participating in special events and quests. For their efforts, they will receive CUTO Points which can then be exchanged for $CUTO tokens once the presale ends. Post-launch users will also be able to stake their tokens and earn money on autopilot.
The third stage of the presale is selling out quickly and so far almost $1 million has been raised. With $CUTO tokens selling for just $0.0259, it is the perfect entry point for early buyers looking to capitalize on the marriage between memes and DeFi.
For more information on the Cutoshi (CUTO) presale:
Join and become a member of the community:
https://twitter.com/CutoshiToken
