It’s been a tale of different fates for different altcoins as the crypto market becomes increasingly unpredictable. However, recent developments point to a period of stability for top meme coin, Shiba Inu (SHIB).
Elsewhere, experts are tipping a new meme coin, Cutoshi (CUTO), as one of the projects that could outdo the duo of PEPE and Shiba Inu (SHIB). Analysts are predicting a strong end-of-the-year bull run for the meme coin sector, and with Cutoshi bringing Defi and memes to the party, CUTO could be headlining the rally.
Uptober Optimism: Will PEPE Coin Join The Rally?
Pepe coin has a history of exciting rallies, and the meme coin has built a strong reputation as one of the top meme coins. With optimism building around ‘Uptober,’ PEPE is understandably one of the meme coins the crypto market would look up to for bullish inspiration. However, the recent performance of the PEPE price leaves some question marks on what to expect from it.
According to data from CoinMarketCap, Pepe coin’s highest point in the past one year came in late May when the PEPE price set a new ATH at $0.00001718. Many analysts believe that the PEPE price surge at the time only reflected the general crypto market’s bullish reaction to the Bitcoin halving news.
Despite recording periodic surges, Pepe coin has struggled to get anywhere near its peak. The coin is currently trading at a weekly 4% gain, but even that is still a distant -45.46% below its ATH. It remains to be seen how much the Uptober hype can influence the PEPE price.
Shiba Inu To Capitalizing On ‘Uptober’ Momentum
For some months now, Shiba Inu has struggled to impress on the price charts. The meme coin has been relatively mediocre for some time now, considering its status as the second-largest meme coin in terms of market cap. In fact, the last time the Shiba Inu Coin price recorded a serious spike was in March when it hit $0.00003592. Since then, it has been a downward slope for Shiba Inu (SHIB).
However, a prediction by Shiba Inu (SHIB) marketing lead, Lucie, on X (formerly Twitter), has sparked some excitement around the project. Lucie tweeted on Wednesday that the SHIB coincould go up 1,000% in two to three days, citing the project’s developing and well-established ecosystem as a potential catalyst for a surge.
More factually, the Shiba Inu Coin price has picked up its pace in the past few weeks. The SHIB coin is currently trading at a 6% weekly surge, bringing its monthly uptrend up to 26.82%. As much as it still looks like a bumpy road back to full recovery, Shiba Inu (SHIB) is right on track to capitalize on the ‘uptober’ momentum in the crypto market.
Cutoshi (CUTO): Championing A Meme Coin Renaissance
Cutoshi (CUTO) is an Ethereum-based project that merges Defi functionalities with meme coin fun. The project draws inspiration from the traditional Chinese Lucky Cat fabled to bring luck and good fortune. With the meme coin sector fast losing its fun and essence, Cutoshi seeks to champion a renaissance by bringing utility to the sector through Defi, and adding its touch of good fortune.
Not many meme coins have laid down blueprints, which is why many of them have been accused of lacking long-term viability. In fact, it is not uncommon to find a meme coin boom one minute and tank the next minute. Cutoshi (CUTO) is built on the ideals of the legendary Satoshi Nakamoto by placing decentralization and freedom at its core.
Cutoshi (CUTO) is community-centric and aims to make Defi easier and more accessible to the people. First, its ecosystem offers a DEX feature that allows users to swap cryptocurrencies across different chains. Further, the project offers Defi education to users through its CutoshiAcademy to create awareness and promote Defi literacy.
There is also a reward system in place where members of the Cutoshi (CUTO) community receive rewards for active participation. Through the Cutoshi Farming feature, the project allows members to earn CUTO tokens by completing simple tasks.
With these exciting features and a culture of community, Cutoshi (CUTO) has caught the attention of investors and experts alike, and the meme coin might be on the way to overtaking PEPE in the meme coin hierarchy.
CUTO Price Projection
Despite still being a presale token, Cutoshi (CUTO) is already amassing a huge following. The presale has moved to stage 2 with a price increase to $0.022 (a massive 46% price increase). The project is leading the charge for a renewed meme coin industry where utility and fun drive sustainability. While PEPE and Shiba Inu could ride on the potential ‘uptober’ rally, Cutoshi’sprice trajectory, at a potential 100x, seems more appealing.
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
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Source: https://cryptodaily.co.uk/2024/10/shiba-inu-finds-stability-as-experts-predict-a-year-high-for-meme-coins-pepe-rival-set-to-outperform-them-all-before-year-end