As the meme coin world experiences some temporary retracement, Shiba Inu, Cutoshi, and PEPE are catching traders’ eyes with new moves and growth. From DeFi upgrades to NFT expansions, these coins are making their play to stand out in a crowded market. Even PEPE, who is mainly just being a famous frog on the blockchain, also now allows 401k investments.
Shiba Inu (SHIB) Seeks New Highs With Shibarium Upgrades
Shiba Inu came close to knocking off a 0 on October 30th, when the coin traded at $0.00001957. Unfortunately for the bulls, the price of SHIB pulled back and is now trading at $0.00001845.
Shiba Inu bulls are optimistic though, especially in light of recent developments on the Shibarium, including v2 of their ShibaSwap DEX, which has advanced features such as concentrated liquidity provision (reducing risk), and the plans for v3, which include limit orders and price alerts.
But Shiba Inu realizes that to really connect Meme coin holders with DeFi education and onboarding are going to be a big part of v3. This is a move that is good for the entire meme coin and DeFi industries because more education equals more empowerment and participation.
Shiba Inu has also introduced an NFT bridge, allowing users to bridge their NFT assets from ETH to the Shibarium, for use in games and other applications, including a (not yet built) NFT marketplace.
They’ve also announced the open beta of their upcoming NFT card battling game “Shiba Eternity,’’ promising, in their newsletter, that it will be “the future of web3 gaming.”
Cutoshi Aims To Follow In Shiba Inu’s Footsteps With DeFi And NFTs
Cutoshi is a meme coin with a plan, not so different from the path of Shiba Inu. Where Shiba Inu has ShibaSwap, Cutoshi will have the Cutoshi DEX, an exchange where people can swap across blockchains to make it easier and cheaper to do. Members of the community and those wishing to be part of it will be able to stake tokens and provide liquidity.
Again, like Shiba Inu, Cutoshi realizes the importance of education and so is putting a special emphasis on the Cutoshi Learning Academy, a fun and easy way to learn about the mechanics of DeFi.
Rare NFTs for early holders are rumored, with a collection of 8000 to be released in the future. Just like Cutoshi, these NFTs aren’t merely about form but also function, providing benefits and utility within the Cutoshi ecosystem.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
As with any good memecoin, there will be community activities and competitions, rewarding people with tokens, merch, and other benefits. Cutoshi has already raised close to $700,000 in presale and is up by 46% from stage 1. Given that the current presale stage is three-quarters sold out, smart investors are anticipating another price rise in the coming days.
Pepe Coin Goes Mainstream With 401K Access
We know that TradFi is taking crypto seriously when we read from PEPE that ‘Boomers can now buy $PEPE with their 401K and Roth IRAs on @iTrustCapital”.
PEPE’s website, unlike Shiba Inu and Cutoshi, there is no official team for PEPE and that the roadmap is as follows:
“Phase 1: Meme
Phase 2: Vibe and HODL
Phase 3: Meme Takeover”
Nevertheless, PEPE’s growth since its inception (nearly 17,000%) shows the power of pure memes by its resilience despite having no plan, official team, whitepaper, or roadmap.
That said, the coin is in the red on almost all time frames, except for the yearly charts, where it is still up by around 750% this year, beating Bitcoin and many other assets.
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