After enduring some months of a market downtrend, some meme coins are on the rise. Shiba Inu’s burn rate, for example, has surged 68%, according to Shibburn, increasing investors’ optimism.
However, Dogecoin, which broke out of the falling wedge pattern in the past few days and witnessed a pump, shows signs of a major decline after being rejected at the $0.130 resistance zone. Meanwhile, Cutoshi is out to displace these two meme coins with its novel ecosystem, which is loaded with tools that will enhance investors’ experience on the platform.Â
Cutoshi: The Utility-driven Memecoin Poised for Success in 2024
Cutoshi (CUTO) is an Ethereum-based meme coin inspired by the Chinese Lucky Cat and Satoshi Nakamoto’s principles. Linking both, Cutoshi aims to promote decentralization, privacy, and monetary freedom, which is the Bitcoin founder’s original vision for blockchain technology. Cutoshi expertly integrates entertainment and utility.Â
Outside of being a meme coin, Cutoshi is a tribute to decentralized finance on a mission to bring DeFi to investors’ doorsteps. These values separate it from other meme coins such as Dogecoin and Shiba Inu. In the Cutoshi ecosystem, there is a multi-chain DEX exchange that permits asset swapping across blockchains. Other visible tools are CUTO farming, CUTO academy, etc.Â
Despite being at its first stage of presale, Cutoshi has already raised over $230k. This shows its acceptance in the market. At the ongoing presale, the CUTO token is sold for $0.015. Holding the token comes with many advantages. It is used for distributing rewards, cashbacks, and promotional offers. Also, it is a means of transaction in the CUTO university.Â
Overall, analysts believe that CUTO has the power to stun the memecoin market and forecast a 300% increase in presale and 500% when it is listed in an exchange.
Expert Attribute Shiba Inu Correction to Recent Price Increase
Shiba Inu (SHIB) is among the Ethereum-based meme coins, which is still in a corrective phase. While the Shiba Inu price rose by 25% in the past week, the price plummeted by 1% in the past few days, as per CoinMarketCap.
Monitoring the price chart, top analyst Gem Sherif on X believes the Shiba Inu coin correction is due to a price surge. The analyst expects harder green candles in the coming weeks.
Meanwhile, the 14-day RSI of Shiba Inu is 76, which confirms its overbought status. However, the outlook remains positive for many experts. The Fear and Greed index is 50 (neutral). They see a slight surge of 1% in the Shiba Inu price in the short term, which might push many investors to consider Cutoshi for a higher yield.
Dogecoin Price Prediction – Can DOGE Hit $0.5 Soon?
Dogecoin (DOGE) has been moving unpredictably in recent weeks. Dogecoin price surged 18% in the past 30 days and 8% in the past week. However, Dogecoin is facing price correction after the bulls failed to push the DOGE price above the $0.130 mark major resistance zone.Â
Meanwhile, technical indicators like RSI at 54 and MACD in the negative indicate a consolidation is imminent. While Dogecoin has found support at the $0.0929 level, it needs to break the resistance zones of  0.121183, $0.128427, and $0.13229 to mount a challenge at the $0.50 mark.Â
Crypto Yapper, in a post at X, believes that Dogecoin’s rejection at the crucial resistance zone could lead to a further drop to the $0.09 support zone. With the declining Dogecoin trading volume, smart investors are already diversifying to trending projects like Cutoshi which could hit $0.05 before listing at Uniswap and other exchanges such as Binance.Â
Which Memecoins Will Lead the Market Surge By Year End?
Memecoins such as Dogwifhat are picking up pace while Shiba Inu and Dogecoin face the bears. As for Cutoshi, the new meme coin could be set for a significant rally with the worldwide acceptance of its multi-chain DEX exchange. The cheap price makes it more appealing for investors with low liquidity.
For more information on the Cutoshi (CUTO) Presale:Â https://cutoshi.com
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