After staying in the consolidation zone in the past weeks, Shiba Inu is showing signs of a massive rally after the recent partnership with Mass Build aimed at boosting the financial layer of the Shiba State. While celebrating the milestone, the Shiba Inu token burn rate has spiked as the meme coin continues to witness massive rallies.
Meanwhile, the Cutoshi presale has continued to witness growing interest among institutional investors. The new Ethereum-based project, which is on a mission to revolutionize the DeFi industry, has been projected to outshine popular meme coins like Bonk and Popcat in the coming months.
Cutoshi Witnesses Massive Adoption As Experts Forecast 100x Rallies
Cutoshi is now one of the top meme coins on investors' watch lists, with over $500k raised in the presale. Notably, investors who joined early have made 46% ROI, with analysts projecting 100x in the coming months.
Crypto analysts link the surge to the robust Cutoshi ecosystem, which blends DeFi functionalities and meme coins together. One of the top features of the ecosystem is the multi-chain DEX, designed to allow for seamless swapping of digital assets across multiple blockchains. With the noncustodial Cutoshi DEX, there is no need for rigorous KYC checks.
This solves issues of privacy and security encountered in centralized exchanges. In addition, Cutoshi is developing a farming mechanism to reward the community. With this, users can participate in quests, collect points, and redeem them for CUTO tokens. Also, for investors who want to broaden their knowledge of DeFi and cryptocurrency, Cutoshi is developing an academy.
The Cutoshi project was inspired by the traditional Chinese Lucky Cat that brings wealth and fortune to people and Satoshi Nakamoto's visions for blockchain technology. By blending these ideals, Cutoshi wants to bring luck and wealth to investors' digital assets. At the ongoing stage 2 presale, CUTO, the native token, is sold for $0.022. Given the limited total supply, now is the best time to buy it before it hits exchanges.
Shiba Inu Price Surges Amid Recent Partnership
While quoting a tweet on X, Shiba Inu lead developer Shytoshi Kusama highlighted the importance of the recent partnership with Mass Build, suggesting it could be the new financial layer of the Shiba State. Meanwhile, the new financial layer boosts fantastic AI-driven solutions, which will further increase the adoption of the Shiba Inu token.
Going further, the Shiba Inu token burn rate has surged by over 7900% in the past 24 hours, with over 281M SHIB tokens removed from circulation. With the spike in burn rate, CoinMarketCap data shows that the Shiba Inu price has soared by 30% in the past 30 days, with the meme coin hitting the $0.000018 major resistance trendline.
Source: CoinMarketCap
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
Meanwhile, the technical analysis from Tradingview shows that the Shiba Inu token is trading above the 50-day and 200-day EMA with a bullish market sentiment. However, the Shiba Inu price chart shows the meme coin is failing its attempt at breaking the $0.00001870 resistance zone. If it succeeds, more uptrend is expected. However, if it fails, it might retest the $0.000016 support zone.
Why There Is Growing Interest In Meme Coins
In the beginning meme coins were seen as a pump and dump token. However, with the likes of Shiba Inu and Floki adding more utilities to the ecosystems, the meme coin market is rising to become one of the key players. Cutoshi is already bringing new features that will revolutionize the DeFi space. Coupled with its other features, CUTO could follow the path of established meme coins like Shiba Inu.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
