As the meme coin market witnesses a recovery, with various tokens recording significant price increases, investors anticipate massive gains in the coming weeks. Meanwhile, crypto investors who are meme lovers and fans of Shiba Inu are excited to receive the news of Shiba Inu’s price surge, especially those holding a huge amount of the meme coin.
Amid all these, Cutoshi, a fellow Ethereum-based meme coin, is thriving in its ongoing presale. With 50% of the stage 1 presale tokens sold out in days, investors are making their move to secure their spot in this innovative project. Moreover, analysts anticipate that the value of Cutoshi could rally by over 200% before the presale ends.
Cutoshi (CUTO) Presale Garners Investor Attention
Unlike many other memecoins in the market, Cutoshi is a meme coin that focuses on utility rather than just memes. Even though the Cutoshi ecosystem still leverages meme-themed techniques to present its offerings such as a DEX, Academy, NFTs, Merch, and Farming, among others, more emphasis is laid on how beneficial these features are to DeFi enthusiasts.
For example, the Cutoshi DEX gives users the freedom to swap assets across chains owing to its decentralized multi-chain nature. Meanwhile, this helps users save both their precious time and money. On the other hand, Cutoshi Farming and NFTs offer unique methods of earning rewards to the Cutoshi community.
While Cutoshi Farming allows users to earn by participating in activities like completing quests and collecting points, Cutoshi NFTs give users complimentary rewards. Moreover, those who are early purchasers of the CUTO token even earn higher because unique NFTs will be distributed to them.
Interestingly, the Cutoshi presale has already raised over $165K in revenue and this figure just keeps adding up. With a continual increase in investor interest, this value is expected to possibly hit $500K by next month. Meanwhile, in the first presale stage, the Cutoshi token is selling for only $0.015 apiece giving investors ample chance to join in for a low price.
Shiba Inu Price Breaks Out Of Resistance
As the Shiba Inu price recently broke out of the resistance zone around $0.000015, the meme coin surged significantly. Moreover, investors are maintaining optimism about the token’s future price movement and more individuals are going long on the meme coin. Additionally, a bullish sentiment surrounds Shiba Inu and analysts estimate a further surge in the token’s price.
Meanwhile, looking at the price movements over the past week, the Shiba Inu price chart reveals a steep rally just after the $0.000015 resistance zone was breached as the meme coin recorded over 50% increase within the same period from $0.000014 to $0.000021. Moreover, the past month also saw close to the same price increase for Shiba Inu.
This is observed on the Shiba Inu price chart where the meme coin surged from $0.0000138, recording about a 54% increase. These price movements are creating excitement among Shiba Inu holders, especially those who consistently bought the dips. Meanwhile, analysts still anticipate a further increase in the price of Shiba Inu.
Interestingly, as the Ethereum price continues to tick higher, Ethereum-based memecoins like Shiba Inu and Cutoshi are poised to follow suit.
Cutoshi and Shiba Inu Remain Bullish
While the price of Shiba Inu has jumped significantly in the past week and month, Cutoshi has also recorded massive presale token sales in just hours. Moreover, analysts predict that Shiba Inu’s bullish move is not even over yet.
Meanwhile, as the demand for Cutoshi continues to increase, analysts estimate that the value could hit the roof anytime from now. Even before the presale concludes, Cutoshi could jump by over 200%.
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