Despite Shiba Inu’s price performance failing to record impressive gains over the past months, the meme coin seems to be curving a unique path within the crypto landscape. Notably, the cryptocurrency is on a mission to transform from just a community-driven meme coin to a unique project with formalized governance structures.
Cutoshi, on the other hand, has managed to sway many investors with its MemeFi innovation. This new project utilizes an innovative DEX platform, bringing much needed utility to the hype driven meme coin market. This has made it gain massive attention in just stage two of its presale, where the token is selling for just $0.022.
Key Shibarium Metric Surges By 1,300%: Is Shiba Inu Price Preparing For A Rally?
Shiba Inu has stalled for quite some time. However, the crypto has resurged in the past few days, with major indicators showing a possible rally. According to Shiba Inu’s data, daily transactions on the protocol reached close to 1.8M on October 22, representing a 1,300% daily increase.
Source: Shibariumscan
Moreover, SHIB token active accounts have also surged, hitting a yearly high of over 26,000. Shibarium’s impressive comeback might boost confidence in the meme coin project, attracting new investors and a subsequent fresh flow of capital. Meanwhile, Shiba Inu’s price currently trades at $0.00001769, representing a monthly surge of over 21%.
The Shiba Inu’s burning mechanism also indicates that SHIB’s price might surge in the short term. The meme coin burn rate has exploded by over 6700% in the past day, with over 27M SHIB tokens being sent to a null address according to Shibburn. Additionally, Shiba Inu’s RSI hovers slightly above the bullish mark.
Cutoshi’s Price Gains On The Horizon
With Shiba Inu showing some bullish signs, Cutoshi is stealing the show with its presale success. Following its stage one presale success, which attracted crypto whales, Cutoshi continues to gain momentum even in its stage two presale, raising over $540K. The project’s achievement can be attributed to its unique blend of a fun meme coin with the power of Decentralized Finance, creating an entertaining and rewarding ecosystem for investors.
Inspired by the Chinese Lucky Cat and Bitcoin founder Satoshi Nakamoto, Cutoshi brings fortune to investors who jump in early. With its multi-chain DEX feature, which is also the driving force behind the project, users can easily swap assets across various blockchains, saving time and money.
Moreover, Cutoshi Farming will allow users to complete quests and earn extra tokens, making the entire process engaging to its community. With a current CMC listing, a capped supply of just 440M CUTO tokens, and the growing interest in meme based projects, Cutoshi is expected to register strong gains in the coming months.
Can Cutoshi Match Shiba Inu’s YTD?
Shiba Inu is one of the meme coins that is performing quite well in the market. As well as its DAO integration, the Shabarium protocol continues to deliver impressive momentum. However, just like Shiba Inu, Cutoshi also offers a unique approach to its ecosystem. This has made it garner significant attention in its presale with a high potential of recording major surges progressing through every presale stage.
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