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October has been an eventful month in the crypto market with positive price movements from digital assets. Dogecoin and Shiba Inu, for example, have made a remarkable recovery. The Dogecoin price has grown by 24% in the last 7 days, while the Shiba Inu coin surged by 5%.
However, Cutoshi’s presale is making a huge statement in the market and has already seen massive interest from several large investors, driven mostly by the unique multichain DEX, which will solve issues relating to crypto trading in exchanges.
Cutoshi Poised To Reign Supreme Over Dogecoin And Shiba Inu
Meme coins such as Dogecoin and Shiba Inu are driven mostly by trends, social media hype, and speculations. However, this model isn't sustainable in the long term, which is why Cutoshi'semergence is a game changer. Inspired by the traditional Chinese Lucky Cat, a symbol of luck and wealth placed in homes, Cutoshi aims to bring luck and wealth to investors' digital assets.
Following Satoshi Nakamoto's core visions for blockchain technology, which are privacy, decentralization, and monetary freedom, Cutoshi is developing an ecosystem that gives investors control over their assets. Cutoshi boasts of a next-gen DEX exchange that brings together blockchains and permits seamless token swapping.
This DEX is designed to solve issues relating to privacy, security, and asset bans, following the path of top DEXs like Uniswap. Given that, CUTO, the native utility token, is expected to continue increasing throughout presale and rise significantly by the time it is listed on Binance. Other tools in the ecosystem are the Cutoshi Academy and a farming protocol designed to incentivize the community.
Early buyers of the CUTO token have made 46% ROI as the price jumped from $0.015 to the current $0.022. The recent listing in CoinMarketCap is expected to trigger more rallies, with high expectations of the price jumping to $1 in early 2025. Having raised over $600k within a short time and with the limited 440M total supply, CUTO could enter the top 5 meme coins in 2025.
Analyst Forecasts Rise In Dogecoin Price
In recent days, Dogecoin has impressively retested crucial support levels, showing a positive market sentiment. On-chain analyst WorldOfChart, in an analysis at X, believes that the Dogecoin price is recovering quickly. Earlier in September, the analyst projected the Dogecoin price to hit $0.30 in the coming weeks.
Source: WorldOfCharts on X
Meanwhile, CoinMarketCap data shows that Dogecoin crypto has witnessed massive rallies in the past week. However, an attempt at breaking through the $0.18 resistance level was unsuccessful, leading to the Dogecoin price pulling back to the $1.70 mark. While the Dogecoin trading volume is down, there are strong indications of a rally soon.
Dogecoin is still trading above the 50-day and 200–day SMA in both the daily and 4-hour timeframes, an indication that the ongoing rally is not over yet. If the DOGE price breaks the $0.182946 and 0.189887 resistance levels, it could reach the $0.20 target within days. However, if it fails, it might pull back towards $0.15.
Shiba Inu Coin Set To Breakout Soon
Shiba Inu (SHIB), the second-biggest meme coin, could end its consolidation soon and begin an upward trend. This projection is based on Shiba Inu tokens ' recent price action and increasing whale accumulation. According to CoinMarketCap data, the Shiba Inu price has gained 5% in the past week, with market activity rising exponentially.
A crypto analyst, Alex Clay, analyzed the Shiba Inu daily chart on X and thought that an inverse head-and-shoulders pattern had formed. The expert listed three breakout targets, $0.00002830, $0.00003235, and $0.00003820, that the Shiba token could reach soon. If Alex's projections come to light, November might be a good month for Shiba Inu.
Source: Alex Clay on X
Tradingview data shows that Shiba Inu is trading above the 50-day SMA with price volatility at 3%. Meanwhile, the Shiba Inu chart shows the meme coin is about to witness a MACD crossover which could trigger massive rallies. With the bullish market sentiment and the rising market activity, Shiba Inu is one of the meme coins expected to witness huge growth in Q4.
What Are The Top Meme Coins For Crypto Investors Today?
Although the crypto market is full of options, not all are profitable. While Dogecoin and Shiba Inu are tipped to set new yearly price records, Cutoshi can be expected to compete with both. Outside the presale advantage, Cutoshi has a clear road map with strong utilities that will drive its adoption. This could see CUTO easily hit 40x before launching on exchanges.
For more information on the Cutoshi (CUTO) Presale:
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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
