Meme coin enthusiasts and investors are optimistic that Shiba Inu (SHIB) will realize enough gains in the next crypto market bull run following the launch of its ShibaSwap 2.0. With extra features like concentrated liquidity, seamless migration, and a better reward structure, amongst others, Shiba Inu price is bound to reflect noticeable growth due to increased engagement.
Meanwhile, a new presale MemeFi project, Cutoshi (CUTO) is poised to contend with Shiba Inu’s growth, owing to its DeFi-based ecosystem which comes with lucrative and educational features. This new entrant is stealing recognition as the next meme coin star.
Cutoshi Sees Growing Interest, Set To Surpass Shiba Inu
Seeing as Cutoshi (CUTO) has excelled its expectations so far while still in its second stage, there are projections that it will surpass the likes of Dogecoin and Shiba Inu. The main catalyst behind this speculation stems from Cutoshi’s uniquely designed MemeFi platform where users partake in DeFi activities that are both educative and rewarding. While at it, Cutoshi champions top DeFi standards like privacy, decentralization and monetary freedom.
Notably, Cutoshi’s ecosystem houses several key features with the primary one being a fully decentralized exchange (DEX) protocol. Here, users can trade cryptocurrencies across several blockchain networks while also engaging in P2P trading. Interestingly, its native token, $CUTO, which facilitates transactions on its DEX, adopts a deflationary mechanism whereby its supply is reduced by burning, ultimately pumping up its demand and value.
These, combined with a token farming model where users can earn more tokens through community-based quests have attracted investors' interest worth well over $600k in presale revenue. This growth comes alongside the rise in its token price, registering a 46% jump above its initial presale price at $0.015, currently selling for $0.022 in the second stage of its presale.
Interest In Shiba Inu Token Grows Amid ShibaSwap 2.0 Launch
Even though Shiba Inu (SHIB) price began a resurgence a few days ago, it is still consolidating in lower levels compared to its peak levels around Q1 2024. However, with the recent upgrade to its ShibaSwap, SHIB price may soon begin to see surges from the engagement its new upgrade would receive.
This upgrade also includes a Smart Swap for users to gain access to the best available swap prices. Additionally it includes Pair-Level Analytics, offering details into the DEX’s metrics. The launch of these upgrades on its exchange platform is bound to continue the upward surge that Shiba Inu token started, as seen in the weekly chart below.
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Although, Shiba Inu token remains roughly 79% below its all-time high of $0.0000884, more upgrades like this could propel its token to significant heights, potentially surpassing its ATH.
Can Cutoshi Top Shiba Inu Token Even With New Upgrades?
It may take a while before Cutoshi tops Shiba Inu but the potential is there. With its super lucrative and educational ecosystem where users get to learn more about DefFi in an on-chain academy, Cutohsi is poised to contend with meme coins like Shiba Inu and Dogecoin.
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