After a week of uncertainty, the crypto market is back to life, with Bitcoin on the path of retesting the $65K mark. Meanwhile, the global crypto market cap has surged to $2.1T, with popular altcoins heading to the moon. Cutoshi presale, which sharted a few weeks ago, has hit over $300K within a short time to signal wide acceptance in the market.
Also, Shiba Inu market activity has continued to grow as the dog-themed meme coin looks set to retest the $0.000020 mark in the coming days. Some analysts believe that Cutoshi pumping is just getting started, with many projecting as high as 20x in the short term. Let’s see what is driving Cutoshi’s adoption below.
Cutoshi Hits $300K in Presale As Investors Continue Accumulation
Cutoshi was born out of the original principles of Bitcoin founder Satoshi Nakamoto for blockchain technology. With many projects deviating from these ideas, Cutoshi is returning to these visions – decentralization, privacy and monetary freedom. Linking these ideas to the Chinese Lucky Cat, Cutoshi wants to bring wealth, prosperity and Luck to your digital assets.
Cutoshi’s main focus is on decentralization and wealth creation while offering investors control and decision-making powers over their assets. As such, Cutoshi is seen as a tribute to decentralized finance on a mission to bring DeFi closer to the masses. To achieve its goal, Cutoshi is building an ecosystem that hosts some of the important mechanisms in DeFi.
Top on the list is a multichain DEX exchange, which will allow for cross-chain asset swapping, solving issues of asset ban while following the footsteps of popular DEX like Uniswap. With the DEX, users can swap cryptos with other people without needing a third party, solving security and privacy issues. Another feature is Cutoshi farming, in which investors are rewarded for participating in quests, community activities, etc.
Investors can also learn more about the project, DeFi, and cryptocurrencies at Cutoshi University. The ecosystem’s native utility token is CUTO. At stage 1 of the presale, CUTO is sold for $0.015. Notably, it has a limited supply of 440M, with 55% already allocated to the presale. Backed by a deflationary mechanism, experts project 50x rallies in the coming months.
Shiba Inu Price Prediction – Can the Altcoin Retest The $0.000028 In October
Shiba Inu, the popular dog-themed meme coins, started the week on a positive note. As per data from Shibburn, the Shiba Inu token burn rate surged by 544% in the past 24 hours, with over 5.1M tokens burned. The Shiba Inu market activity has reacted positively to the surging burn rate.
Shiba Inu CoinMarketCap data shows over 5% gains in the past day as the daily trading volume grows to over $514M. A further look at the key market indicators shows that the Shiba Inu price is trading above the 50-day ($0.0000157) and 200-day EMAs ($0.0000168) with over 15 key market indicators showing bullish signs.
Popular crypto analysts such as Crypto Sheriff believe the Shiba Inu token rally will extend for the coming weeks. Meanwhile, having surpassed the $0.000017 mark, if the altcoin is able to break through the next resistance at $0.000020, the Shiba Inu price might hit $0.000028 in October. With the bullish Shiba Inu market sentiment, the altcoin might pump high if the general crypto market sentiment remains the same.
Why Shiba Inu And Cutoshi Will Witness Massive Growth In October
Shiba Inu is already showing signs of a major breakout, which could trigger more rallies. Although the Shiba market outlook is difficult to measure, with the rising burning activity, the altcoin will boom soon. As for Cutoshi, it is already staking a claim in the DeFi market, with analysts comparing it to the likes of Uniswap and PancakeSwap. With the growing interest in the project, a 20x rally is possible in the short term.
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