Shiba Inu Price Prediction: Can SHIB Break Resistance At $0.000019, As Rival Cutoshi Tops Presale Charts

As Shiba Inu continues to record impressive price performance, Cutoshi is gearing up to be the next SHIB contender as its presale heats up.

Shiba Inu’s price has fluctuated, with a brief surge and consolidation in the past month. However, the SHIB token has broken from its descending channel, signaling signs of a potential price reversal. However, crypto enthusiasts are excited about the next Shiba Inu rival, Cutoshi (CUTO) .

The fast-selling presale star has drawn considerable interest due to its revolutionary multichain swapping platform. Experts now hint at a 100x rally post-launch for this new meme coin.

Cutoshi Attracts Bullish Sentiment Amid Rising Whale Interest

Having raised over $400K just a few weeks after its presale launch, Cutoshi (CUTO) is quickly gaining significant recognition as the latest meme coin with high bullish potential. Notably, the project merges the entertainment attribute of a meme coin with DeFi elements. Moreover, by prioritizing Bitcoin’s founder’s core principles of decentralization, monetary freedom, and privacy, Cutoshi’s ecosystem stands out among its peers.

Moreso, Cutoshi draws its inspiration from the popular Chinese Lucky Cat known for its good luck, wealth, and progress. The cultural theme drives a positive mindset among users as they navigate its DEX platform. Dubbed Cutoshi DEX, this unique hybrid protocol enables easy swapping of cryptocurrencies across multi-chains, ultimately solving interoperability issues.

Currently, at stage 2 of its presale, where the CUTO token is trading at just $0.022, Cutoshi is predicted to emulate the Shiba Inu price trajectory with over 10000% gains predicted.

Can Shiba Inu Price Hit The $0.000019 Mark Again?

The price of Shiba Inu has broken above its key support level, indicating that the meme coin is gearing up for a reversal. As indicated in its 1-day chart, Shiba Inu’s price has breached above its 100-day Moving Average (MA). This price movement indicates that the bulls have regained control, and are looking for further upside potential. If Shiba Inu maintains this momentum, it could break out above its descending channel to move towards its main target of $0.000029.

Source: CoinMarketCap

This would represent a massive gain from its current price level. The recent price surge is due to several factors, including speculation about the possibility of a Shiba Inu exchange-traded fund (ETF) entering the market. Such bullish Shiba Inu news could significantly bolster the token’s liquidity and exposure, which could drive a substantial price increase.

Moreover, Shiba Inu’s rise is likely influenced by Bitcoin’s overall sentiments. It is also fueled by a surge in the burn rate of SHIB, which rose significantly by roughly 1042%. According to Shibburn, over 6.54 million SHIB tokens have been permanently removed from circulation, highlighting a massive milestone for the SHIB community’s efforts to reduce the token’s supply.

Can Cutoshi Contest With Shiba Inu’s Price Movement?

Despite Shiba Inu’s price performance recording a surge over the past few days, Cutoshi’s interesting DeFi features and solid community backing are set to push the token’s price even further. Moreover, despite its current low presale price, it boasts a strong potential for a significant price run.

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com/

Join and become a community member: 

https://twitter.com/CutoshiToken
https://t.me/cutoshi

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.