The price of Shiba Inu (SHIB) has been steadily declining since it hit its highest point this year. Without making a solid attempt to retrace its bullish track throughout the year, investors are left wondering what’s left for the native SHIB token.
Meanwhile, positive sentiments are also rising for the canine-themed token as experts have predicted it to rank among top meme coins with the highest gains this month. On the other hand, this new hybrid MemeFi presale token, Cutoshi (CUTO) may even be set for higher gains this same month, considering its presale attraction. Let’s find out why.
Cutoshi Ranks As The Next 100x Meme Coin— Its Vast Hybrid Ecosystem Explains Why
Based on the Ethereum Network, Cutoshi (CUTO) transcends typical meme coins by integrating a fully decentralized ecosystem that prioritizes Satoshi Nakamoto’s blockchain core principles of decentralization, monetary empowerment, and privacy. Cutoshi’s first step to this is the integration of its own DEX protocol.
On Cutoshi’s DEX platform, users can swap cryptocurrencies across multiple blockchains. A notable feature of the token is its deflationary mechanism, enabling it to reduce its scarcity overtime while increasing its demand and value. Owing to this attribute, and an affordable price of $0.022, the CUTO token has raised over $350k in total.
Meanwhile, considering its other features including a token farming mechanism, a DeFi learning hub, and complimentary rewards such as NFTs, this meme coin project’s intent is to sustain attention to its platform. Besides, experts have already projected that Cutoshi will gather enough traction to challenge top meme coins like Shiba Inu and Dogecoin.
Shiba Inu’s Momentum Dims Although Its Bullish Potential for Q4 Remains Strong
At the start of the year, Shiba Inu (SHIB) went from pricing around $0.00001034 to levels around $0.00003592, marking a year-to-date all time high, which also accounted for almost 300% rise at the time.
While some expected the price of Shiba Inu to consolidate then continue a bullish momentum, the token had gradually reduced in value, facing heavy fluctuations along the way. With its sustained decline for most part of the year, uncertainty brews about its potential in the near future.
Regardless, Shiba Inu token has been able to rise by over 29% in the past month, as seen in the above chart. In another attempt to move up to its highest peak in the past month, Shiba Inu’s recovery attempt in the past week was met by a decline which the meme coin is still battling. However, Shiba Inu’s technical analysis, including a bullish 20, and 200-days EMA points at an imminent rally.
Will Cutoshi Make $1 Before Shiba Inu?
Both Cutoshi and Shiba Inu are potentially going to make $1 soon, however, the chances from Cutoshi to achieve this milestone is higher than Shiba Inu, considering its presale growth potential and DeFi attractions.
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