October is heading towards an explosive finale as meme coins are surging, with Dogecoin (DOGE) and Shiba Inu (SHIB) leading the charge.
However, an underdog, or even better an ‘undercat’ is making waves in the underbelly of the meme coin landscape as its viral presale has prompted hundreds of investors to rotate profits and secure an allocation. Cutoshi is set to disrupt both meme coins and the DeFi landscape with its unique proposition.
Dogecoin Revisits Lower Levels Before Next Surge
Dogecoin is consolidating above $0.16, a crucial level that eluded bulls for months. After selling pressure intensified just below the $0.18 mark, Dogecoin retraced and is now selling for $0.165 with a 1.4% daily decrease. On the weekly timeframe, however, things are looking green, as Dogecoin surged by nearly 20%.
Crypto analyst Ali Martinez believes that November is going to be huge for Dogecoin. He shared a chart reading that shows a Dogecoin breakout above a descending trendline. If this move is successful, Dogecoin could reclaim the $0.22 yearly peak before the end of 2024, paving the way for a sustained rally to the highly anticipated $1 target.
Shiba Inu Cooling Off After Surge
The $0.000020 mark continues to be a tough obstacle for Shiba Inu bulls. Shiba Inu recently retraced back to the current range with the price hovering around $0.0000183. Over the last week, Shiba Inu saw a 4.5% increase supported by a massive surge in trading volume, skyrocketing from an average of $280 million to the current $689 million.
Whales are accumulating Shiba Inu, as nearly 4 trillion SHIB tokens were scooped up in the last 24 hours. Moreover, the Shiba Inu chart shows the 50-day and 200-day simple moving averages are converging, which typically signals the start of a bullish reversal.
Cutoshi Could Take Everyone By Surprise In November
Cutoshi exists at the intersection between meme coins and DeFi. By bringing together the best of both worlds, Cutoshi sets itself apart from run-of-the-mill meme coins which purely rely on hype to survive.
Cutoshi boasts an innovative cross-chain exchange that allows for seamless transactions across a multitude of isolated blockchains for just 0.25% in fees. Liquidity providers will receive an 80% cut of these fees while the remaining 20% will be reinvested in buybacks or token burns. This is significant, as Cutoshi’s native token, $CUTO is deflationary by design, meaning that the continuous reduction of the total supply will prime it for sustainable long-term growth.
Inspired by the legendary Chinese Lucky Cat, Cutoshi brings good fortune to its community through its unique reward system. Users are encouraged in engaging with the ecosystem and completing fun missions and quests aimed at raising awareness about Cutoshi. Upon completion they will receive cutopoints that can be later exchanged for $CUTO tokens. Moreover, users can also stake $CUTO on the platform and receive recurring passive income.
To further boost Cutoshi’s online and offline presence, NFTs and merchandise will soon be available. Users will be able to rep their favorite meme coin and earn even more prizes when doing so.
Cutoshi understands that meme coins tend to get a bad rep as they often become whale battlegrounds for pump-and-dump schemes. This is why proving a project’s legitimacy right off the bat is crucial for gaining user trust. For this reason, Cutoshi has been thoroughly audited by crypto security firm SolidProof and just recently, $CUTO has been listed on CoinMarketCap.
Right now, the second stage of the $CUTO presale is selling out with over $600,000 raised in funds so far. Tokens sell for just $0.022 and early buyers are already enjoying 46% gains. When taking into account all that Cutoshi brings to the table, it’s realistic to expect massive price multipliers similar to those that Dogecoin and Shiba Inu pulled in the past.
For more information on the Cutoshi (CUTO) Presale:
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