Shiba Inu Coin Up 1381096.43% Since Listing, Gains Are Still Possible With Innovative Coins Like Cutoshi

With meme coins the top performing sector YTD, we look at the success of Shiba Inu – up over a million percent since its launch – and see if it is possible to find another similar project in an earlier stage. Shiba Inu is the second largest meme coin, worth $10.5B.

For bigger returns we need a project with a smaller market capitalization. Cutoshi is a contender.

$1 Worth Of Shiba Inu Made Millionaires In A Couple Of Years

For most of us, it’s crazy to think that a single dollar’s worth of investment back in 2020, (when Shiba Inu was created), would be worth well over a million dollars today.

$1,391,096, to be precise.

Memecoins like Shiba Inu have commercial appeal because “part of the allure of meme coins is that they reject conventional protocols”. This means that the team can use terms like the ‘woof paper’ instead of the ‘white paper’, and engage with their users through fun and memes and dog puns.

At the same time, due to SHIB’s massive price appreciation, it’s clear that meme coins are not just a joke, but rather an investment vehicle that has the potential to make millionaires from people with both high and low capital.

But What Made Shiba Inu So Special?

There are many meme coins, so what makes Shiba Inu so important?

One answer is that they were early, with much fewer memecoins than now. Another is that they were able to attract the attention of celebrities like Elon Musk and Vitalik Buterin (who was famously gifted a large number of Shib tokens, half of which he burnt and half of which he gave to charity.)

However, there’s more to it than that.

Shiba Inu’s founder, Ryoshi, says the project began as an “experiment in decentralized spontaneous community building.” Ryoshi believed that collective decentralization could build something stronger than a centralized team ever could make.

Beyond Memes – Shiba Inu’s Technical Evolution

The project rapidly evolved into a sophisticated ecosystem. In July 2021, under the leadership of Shytoshi Kusama, the team launched ShibaSwap, their first major DeFi application.

This decentralized exchange wasn’t simply another DEX – it represented SHIB’s transformation from pure meme coin to a serious DeFi player.

The project then showed off its tech skills with the Shibarium, a Layer 2 blockchain solution launched in August 2023. Designed to address Ethereum’s scalability issues, Shibarium offers faster transactions and lower fees, attracting over 1.4 million unique wallet addresses despite initial technical challenges.

The community aspect, or “Shib Army,” has been crucial to this evolution. After mysterious founder Ryoshi’s departure in May 2021, instead of collapsing, the community rallied. They’ve since developed multiple verticals including:

• ShibaSwap for DeFi
• An ecosystem of tokens
• Shiboshi NFTs (sold out in 34 minutes)
• DoggyDAO for decentralized governance
• L2 Shibarium for scalable blockchain infrastructure

These innovations are what have kept Shiba Inu fresh and ahead of the pack. Let’s see how Cutoshi compares:

Cutoshi – Following SHIB’s Path At An Earlier Stage?

Whilst Shiba Inu’s massive success is impressive, its current $10.5B market cap means similar percentage gains are unlikely from here. However, Cutoshi, currently in presale with just a $9M market cap, presents an opportunity to get in at a stage similar to SHIB’s early days.

Like Shiba Inu, Cutoshi embraces the blend of meme culture with serious technological development. Just as SHIB evolved from a simple ERC-20 token into a complex ecosystem, Cutoshi has laid out a comprehensive roadmap for DeFi integration and ecosystem expansion.

The parallels with early SHIB are striking:

• Community-first approach
• Plans for DeFi infrastructure development
• Focus on decentralized governance
• Accessible and fun branding that appeals to retail investors

They also emphasize the importance of their learning academy, which is aimed to help introduce new users to DeFi.

What makes Cutoshi particularly interesting is its market cap relative to SHIB. To reach SHIB’s current valuation, Cutoshi would need to grow significantly from its present level. Although such gains aren’t guaranteed, the mathematical potential exists simply because of its earlier stage and smaller market cap.

Just as SHIB proved that a meme coin could evolve into a serious DeFi player, Cutoshi aims to follow this proven path. The project is positioning itself at the intersection of meme culture and practical utility, much like SHIB did in its early days.

For investors who missed SHIB’s initial surge, Cutoshi represents a chance to participate in a similar project at an earlier stage. As with all presale and early stage projects there is a higher risk/reward ratio.

But given that Cutoshi has the fundamentals that drove SHIB’s success – community engagement, technological development, and accessible branding – Cutoshi could be the next meme coin on the ascent.

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.