With the markets rebounding, meme coins are back in style. Traders are looking to secure more tokens as prices are set to explode. Among the projects with the most activity are Dogecoin, Shiba Inu, and Cutoshi.
Dogecoin Sees Steady Growth in September
The biggest meme coin, Dogecoin (DOGE), has been on a steady upward trend in recent weeks. This has pushed DOGE up 8.95% in the last thirty days, to its current price of $0.1115.
What sets Dogecoin apart is its strong community. Dogecoin is the oldest and the biggest meme coin and among the most decentralized. The original Dogecoin founders are not even active in the project, making it truly decentralized.
However, Dogecoin is also facing issues. The most notable of these is its high inflation rate. Every year, millions of new tokens go to validators, keeping the price in check. This is because the founders wanted Dogecoin to be about fun and utility, and not as an investment asset.
Shiba Inu Sees Massive Growth This Year
The “Doge killer” Shiba Inu (SHIB) is in many ways the polar opposite of Dogecoin. While Dogecoin is inflationary, Shiba Inu is aggressively deflationary. Its token burn events are making traders excited, reducing Shiba Inu’s supply. However, Shiba Inu also has a very strong community that helps it grow.
So far, holders have burned over 41% of the total Shiba Inu supply. This is a massive amount and is one of the reasons why Shiba Inu is the second-largest currency. Another is its expansive ecosystem, which includes Shibarium, its own L2 network.
There’s barely anything that the Shiba Inu team didn’t do. Shiba Inu also capitalized on the NFT craze earlier, launching its Shiboshi NFTs. Thanks to its strong ecosystem, Shiba Inu has seen impressive performance. Year over year, the token is up 163.35%, reflecting that traders believe in its potential.
Cutoshi Wins With 100x Potential
Cutoshi is one of the tokens with the biggest potential for this year. Just like Shiba Inu, Cutoshi is an Ethereum token that focuses on utility rather than just memes. Blending memes and DeFi technology, it has a real chance of 100x gains next year.
This meme coin is inspired by Satoshi Nakamoto, embodied in the body of a Chinese Lucky Cat. As such, Cutoshi brings prosperity to your portfolio, while also working hard for decentralization and freedom. To achieve its vision, Cutoshi is building a comprehensive DeFi ecosystem that is run by its users.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
At its heart is the Cutoshi multichain DEX, a way for users to trade without restrictions. With low fees, Cutoshi DEX will be competitive, helping attract users and volume. This is key, as a portion of its revenue will go to burning CUTO. This also means that the token will become deflationary.
Its DeFi ecosystem will also have token farming, NFTs, a learning academy, and more. With a low presale price of just $0.022, Cutoshi presents a great opportunity for investors who get in early.
Conclusion
Traders who missed out on Shiba Inu or Dogecoin should definitely look into Cutoshi (CUTO). This meme coin combines the best of meme coins and DeFi, giving it huge potential.
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