The crypto market has seemingly regained its bullishness as many have predicted for the last quarter of the year. While the general uptrend coincides with Bitcoin’s (BTC) rekindled bullishness, other altcoins are riding the bullish wave. Notably, top meme coin, Shiba Inu (SHIB) has recovered significantly from a noticeable decline earlier in the month.
Amidst this recovery, SHIB holders are exploiting other alternative options to boost their profit as the year nears end. Meanwhile, a fast-rising presale star, Cutoshi (CUTO) has been on the receiving end of this attention largely because of its hybrid protocol.
Cutoshi Attracts Growing Interest With Unique Hybrid Protocol
Ethereum-based meme coin Cutoshi (CUTO) sits at the intersection of meme coin entertainment and decentralized finance (DeFi). Essentially, it prioritizes Satoshi Nakamoto’s Bitcoin core principles of decentralization, privacy and monetary freedom, all of which makes it possible for the hybrid MemeFi protocol to expand its market reach. This diverse market appeal has also made it possible for the project to raise over $500K in its ongoing presale.
Meanwhile, considering its DeFi integration, the Cutoshi ecosystem houses a decentralized exchange (DEX) platform and a staking protocol. Additionally, there is a farming mechanism that allows participants to engage in rewarding community quests to earn extra tokens alongside complementary NFTs and Merch. Furthermore, Cutoshi hosts a learning academy that aims to spread DeFi knowledge while eliminating financial illiteracy.
This community-centric approach, coupled with a cultural theme inspired by the popular Chinese Lucky Cat’s positivity, sets Cutoshi apart. More interestingly, the native $CUTO token powers up all operations within the Cutoshi ecosystem, ultimately facilitating a self-sustaining tokenomics model. Now priced at $0.022, the $CUTO token has registered a 46% leap from an initial offering price of $0.015, with analysts predicting 100X post-launch.
Shiba inu Price Trajectory Maintains Bullish Progression; Is A $0.000025 Price Target Possible This Q2?
The price of Shiba Inu (SHIB) has witnessed a noticeable progression after recovering from a major decline that sent it from its monthly peak level above $0.000021 to levels around $0.000016. In any case, SHIB price has made quite an upswing from its entry price level of $0.000013 a month ago.
While the recent progression can be attributed to the broader crypto market bullish outlook, market analysts are foreseeing the possibility for the canine-themed meme coin to surpass the $0.000025 mark before the end of the year. Meanwhile, SHIB token’s directional moving averages also backs this claim as the 20, 50 and 200-day EMAs point to a buy signal.
Currently trading within a weekly price range of $0.000017 and $0.000018, Shiba Inu price reflects nearly 5% increase in the past week and over 33% in the past month. This positive monthly trajectory contributes to SHIB token’s overall year-to-date price outlook which has surged by more than 160%.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
Can Cutoshi Outperform Shiba Inu In Terms Of Functionality?
Unlike most meme coins that typically lack real utility, Cutoshi is designed to change the narrative with its hybrid approach. By integrating a DeFi hub within its ecosystem, Cutoshi is able to thrive across different sections of the crypto market. This particularly gives it an edge over other top meme coins like Shiba Inu and Dogecoin.
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