zAs the crypto market continues to grow despite challenging events, some cryptos, including Dogecoin (DOGE) and Shiba Inu (SHIB), are looking to rally and recover from previous setbacks. Dogecoin’s overall sentiment is currently bullish, with a monthly surge of over 6.5%. Despite the highly volatile market, Shiba Inu has also recorded over 25% monthly surge.
Cutoshi, a new Ethereum-based token, is set to make a difference within the meme coin sphere. This presale star wants to expand meme coin functionalities to drive sustainable growth by integrating a DeFi hub with its ecosystem. With this, analysts are already projecting that the token will emulate Dogecoin’s price performance with 100% predicted gains.
Despite the inherent cultural hype linked with most meme coins, there has been an increased shift in focus from mere hype meme coins to value-driven alternatives. Fitting perfectly in the latter category, Cutoshi’s main objective is to create a value-first ecosystem while still retaining its meme coin cultural elements.
Inspired by the Chinese Lucky Cat, which is associated with prosperity, luck, and wealth, Cutoshi adopts the Bitcoin founder’s core principles, including decentralization, monetary freedom, and privacy. As such, the Cutoshi ecosystem is packed with lucrative yet community-centric features such as the DEX platform, learning academy, and Cutoshi farming system.
Aside from simplifying asset swaps across multiple chains, the Cutoshi Merch adds more vibrance to the community by providing a fashionable yet lively means for users to express their dedication to crypto and also Cutoshi. The CUTO token trades at $0.022, and early investors have already seen a 46% ROI from its original price of $0.015.
Dogecoin’s overall sentiment remains bullish despite short-term bearish momentum. The 50-day moving average is $0.1, similar to the 200-day moving average, suggesting a consolidation phase. This indicates a market that is undecided about its next direction, with neither the bulls nor bears having a definitive upper hand.
However, historically, such periods of consolidation are usually followed by sharp price movements. Dogecoin has been trading between a range of a key support level of $0.09 and a resistance point of $0.2. The support level at $0.09 seems to have held firmly during the recent market dip, showcasing a strong buying interest.
Conversely, the $0.2 resistance has been a challenge for Dogecoin’s price performance, with selling pressure emerging as the DOGE price nears this level. The current Dogecoin price is hovering around the $0.10 mark, representing a monthly surge of over 6.5%. However, according to DOGE price prediction, the meme coin is set to surge past $0.14 while targeting the $0.22 mark.
Shiba Inu (SHIB), a meme coin launched in August 2020, has witnessed commendable growth, recently recording over 25% surge in the past month. SHIB marketing lead teased the crypto community via a tweet, suggesting a significant surge could be on the horizon for the SHIB token.
Lucie’s bold Shiba Inu prediction shows the token has the potential to hit a 1,000% rally in 2 to 3 days. A 1,000% surge would bring the price of Shiba Inu to $0.000193, a value that exceeds SHIB’s ATH of $0.00008845, achieved in October 2021.
Moreover, Shiba Inu’s price has already bounced off its support zone at the $0.00001680 mark, breaking above its 100-day moving average. This indicates that the bulls are regaining control, with further uptrend movements for the Shiba Inu price on the cards.
Both Dogecoin and Shiba Inu have enjoyed significant gains over the year. However, Cutoshi, a hybrid meme coin, integrates DeFi elements. While such an attribute makes the CUTO token stand out within the meme coin market, it also places it a step ahead of the top meme coins.
For more information on the CUTO Presale:
Website: https://cutoshi.com
Join and become a community member:
Twitter : https://twitter.com/CutoshiToken
Telegram: https://t.me/cutoshi
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