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Cryptocurrency News Articles
Cutoshi (CUTO) Is Poised to Outshine Shiba Inu (SHIB) and Toncoin (TON) in 2024
Oct 19, 2024 at 04:57 pm
Cutoshi has been listed on CoinMarketCap, boosting the visibility and credibility of the token. The Cutoshi Ecosystem Is Designed To Empower Users
2024 has been an incredible year for the cryptocurrency market. Many coins have reached new highs, and several new tokens have been introduced.
One of the most promising new tokens to emerge is Cutoshi, which offers a wealth of benefits for DeFi lovers. Here’s a closer look at Cutoshi and why it’s generating so much buzz.
Cutoshi has been listed on CoinMarketCap, which is boosting the visibility and credibility of the token.
The Cutoshi Ecosystem Is Designed To Empower Users
Cutoshi is a utility-driven meme coin that leverages the concept of the Chinese Lucky Cat, which is believed to bring fortune and prosperity to those who keep it in their homes. Cutoshi’s farming mechanism ensures that users can earn while participating in the community.
The Cutoshi ecosystem will distribute unique NFTs to its CUTO holders. The earlier they invest, the higher the chances of having more rewards and profit.
Also, the Cutoshi Academy aims to educate users about DeFi, bridging the knowledge gap and promoting a wider adoption of the CUTO token. Each CUTO token is currently selling for only $0.022 in stage 2 of its presale, having sold out stage one in record time.
Shiba Inu Burn Rate And Its Impact On Price
Shiba Inu is currently showing a level of strong momentum as some technical indicators signal a potential rally. Meanwhile, over the past month, the Shiba Inu price increased by over 40% creating excitement among holders.
Moreover, this bullish momentum follows a significant increase in the Shiba Inu burn rate, which spiked by over 7,900%.
In just a day, the burn rate of the meme coin spiked by a huge 1,436.03%, which indicated over 18.4 million Shiba inu tokens burned. As the burn rate increases, the circulating supply of the meme coin continues to drop. This aims at creating a deflationary effect that could eventually increase the Shiba Inu price.
With 589.27 trillion tokens currently in circulation, the impact of further burns could be substantial. On the other hand, technical analysis reveals that the meme coin is steadily climbing after a consolidation. A key resistance level is found around $0.000019. If the bulls can overcome this resistance, we could see the memecoin retest the $0.000021 mark.
Toncoin Price Chart Analysis
Toncoin has been in somewhat a state of uncertainty following the arrest of Telegram founder Pavel Durov. This has left many investors feeling disappointed, especially after seeing the impressive performance of the Toncoin price in the first half of 2024. However, some analysis suggests that we could still see a bullish comeback for the Toncoin price before the end of 2024.
Some of the key factors that are fostering this optimism include the expansion of the Toncoin ecosystem, featuring notable projects like Notcoin and DOGS. This growth is expected to attract new investments to Toncoin, especially if Pavel Durov is acquitted.
Moreover, the 1D Toncoin price chart shows that the altcoin is seeing some recovery following Durov’s arrest and subsequent release. This is evident in the formation of bullish candles. Furthermore, the William Alligator MAs converge and point to a more stable market.
Cutoshi Is Poised To Outshine Shiba Inu And Toncoin
While Shiba Inu and Toncoin continue to display notable price movements, holders are optimistic about their future. However, a new crypto is gaining massive attention from investors as a result of its unique offerings that enhance the experience of DeFi enthusiasts. Cutoshi is poised to yield exponential returns in the coming months.
For more information on the Cutoshi (CUTO) Presale:
https://twitter.com/CutoshiToken
https://cutoshi.com
Join and become a community member:
https://t.me/cutoshi
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