PEPE, SHIB investor numbers fall as new memecoin Cutoshi blasts through presale
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As Pepe Coin and Shiba Inu face market challenges, investors are turning to Cutoshi, the next Ethereum-based memecoin projected to rally 50x this year.
Besides Dogecoin, Shiba Inu and Pepe Coin remain big players in the memecoin market. Their dominance in this realm is due to their strong community support and market resilience. However, their past performance over the past weeks has raised concern among investors.
While Pepe Coin and Shiba Inu battle to stay afloat, investors looking for lucrative opportunities have shifted to Cutoshi, which has experienced favorable, optimistic forecasts. Analysts believe Cutoshi is set to outshine these popular memecoins in the next market rally. Here’s why.
Next Ethereum memecoin to rally 50x this year
Cutoshi is an Ethereum-based memecoin inspired by the Chinese Lucky Cats. These cats were believed to have brought good fortunes and wealth to people, and Cutoshi wants to do precisely that on the blockchain. It introduces a new ecosystem that offers a wide array of utilities, including the CUTO DEX. This is a non-custodial cross-exchange that connects isolated blockchains in one place seamlessly. Users will, therefore, trade and swap their assets easily.
Moreover, investors will enjoy additional monetary incentives when they engage with the ecosystem through Cutoshi Farming. To start farming, investors will participate in various challenges and events to earn points, which can be redeemed for more CUTO tokens. What’s more interesting is the Cutoshi Learning Academy. This educational hub will offer knowledge regarding DeFi concepts and how to make a smart portfolio.
It will support new investors on the first steps of their crypto journey. In view of this, Cutoshi users would be positioned to make informed decisions and, ultimately, ensure the platform’s long-term success.
At the ongoing presale, Cutoshi has raised over $300k, with a projection of $1 million at the end of October. So far, the CUTO token is sold at a modest price of $0.015. With a deflationary mechanism and a total token supply of 440 million, market experts see the memecoin pumping by 50x following its listings on major exchanges.
Can Pepe Coin rally 50%? Experts weigh in
Despite witnessing market corrections mirroring the broader crypto movements, Pepe Coin’s price has rebounded, reflecting a bullish outlook. According to crypto expert ColdBloodShill, the Pepe Coin token is a really chill bid with the potential to attract traders.
He pointed out Pepe’s technical analysis, which suggests that the memecoin is building momentum. Its Relative Strength Index (RSI) and its 3D RSI have reset. Moreover, Pepe price charts have undergone a weekly Awesome Oscillator (AO) crossover.
This indicates that the Pepe Coin token could make an upward turn in its price trajectory. As such, experts have made bullish Pepe Coin price predictions, suggesting that if the memecoin manages to break through its upper critical resistance level, it could witness massive breakout rallies.
SHIB price breaks major resistance; What’s next for SHIB?
After witnessing a burn rate surge to 544.55%, with around 5,166,319 SHIB sent to wallets, Shiba Inu price metrics have lit up in green. An uptick in burn rates can sometimes trigger a visible growth in value. It generally suggests that there’s a positive shift in sentiment in the Shiba Inu ecosystem.
Despite its erratic nature, this deflationary mechanism has continued to pump up the price of Shiba Inu. At the moment, Shiba Inu’s price has bounced by 38% on its monthly charts, conveniently paring off some of the outflows it recorded over the past week.
Interestingly, Shiba Inu token developers are keen on launching new products. This commitment to building use cases could further drive the value of the Shiba Inu token upwards. If the bullish momentum continues as planned, the Shiba Inu price could retest the $0.00002 mark in the short term.
Which memecoin to buy?
Investors are looking for cryptocurrencies that can match the potential of Pepe Coin and Shiba Inu. Based on the current market dynamics, Cutoshi has the prospects and strength to become one of the top coins in the market.
For more information on the Cutoshi presale, visit:
Join and become a community member: https://twitter.com/CutoshiToken,
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