With an expected alt-season on its way, memes coins are proving to be the biggest gainers. Shiba Inu (SHIB) and Book of Meme (BOME) are expected to lead the meme coin market. As established meme coins grow there’s also a new meme coin gaining traction – Cutoshi (CUTO).
Shiba Inu (SHIB) set to surge in Q4
Bitcoin dominance is down to 56.6% and according to Kucoin, trading volume for memecoins has trended upward since December 2023 surpassing $641 million in March 2024. This indicates optimism in the crypto market and a hopeful altcoin season.
There has been a lot of burning going on recently as Kusama endorsed a new big Shiba Inu event ShibaCon. Over 2.37 billion Shiba Inu has been burned in September as burn rates surge to 249% on a monthly basis.
Shiba Inu is currently trading at $0.00001697 with a 25% gain in the last 30 days. There’s reason for optimism as technical indicators are showing a buy signal. Both moving averages and the oscillators are showing – buy with an RSI of 56 indicating Shiba Inu is nowhere near overbought and there’s more to come.
Book of Meme (BOME) expected to thrive in the new alt season
With an expected alt season on its way, Book of Meme (BOME) is one of the expected to gain. Book of Meme is currently trading at $0.0064 with an 8.68% gain in the last 30 days. With an RSI of 44, Book of Meme is undervalued and it’s possibly a cheap buy at its current price. If an alt season is to come, we could possibly see it reach $0.02 close to its peak.
Recently, Book of Meme has been added to PengyOS marking more adoption. In the last year, Book of Meme is up 598%, however far from its ATH.
As Bitcoin ETFs buy more Bitcoin than the entire mining supply, there’s plenty of reason to expect a spillover to other alts. Especially following the trend where meme coins have the biggest gains. Q4 is here to come and it’s time to get in before the train leaves the station.
Cutoshi (CUTO) expected to 100x
Cutoshi is a new memecoin with a focus on utility, promising to give significant returns. Featuring a DEX, token farming, NFTs, and a crypto academy, the project offers much more than just hype.
Its multi-chain DEX will prioritize privacy and security, enabling users to keep the custody of their assets. This is essential after the FTX collapse caused concerns with centralized exchanges.
Users will also have many ways to earn. They can complete quests, accumulate points, and claim rewards making participation in DeFi more engaging. Users will also receive NFTs as additional rewards, along with Cutoshi merch. Moreover, its educational platform will also help newcomers to navigate the system.
With a total supply of 440 million tokens, Cutoshi is inflation-proof. Moreover, the DEX will set aside 20% of its revenues for CUTO token burns, making it a deflationary token. This continual reduction in supply will boost its price, especially after the token lists on major exchanges.
Since the token is in its early stage, CUTO is expected to outperform both Shiba Inu and Book of Meme. Some experts claim that it has a real chance of going 100x.
The deFi market is projected to grow from 24 billion to 48 by 2031 indicating huge room for growth. With this huge interest, the presale is likely to sell out soon.
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