Meme Coins Are Back: Dogecoin and Shiba Inu Lead the Charge, But Cutoshi Is the Real Gold

Meme coins are all the rage and investors who capitalize on this trend today could lock in amazing returns when the bull market enters its manic phase.

Meme coins have been making headlines in recent weeks, as investors capitalize on the hype surrounding these dog-themed cryptocurrencies. Dogecoin (DOGE) and Shiba Inu (SHIB) have led the charge, experiencing impressive rallies that have captivated the attention of traders and enthusiasts alike.

As the bull market enters its manic phase, these meme coins are poised for the next leg up. However, with SHIB and DOGE already reaching substantial heights, investors are eagerly seeking the next micro-cap gem that can deliver outsized returns. Enter Cutoshi ($CUTO), a meme coin that brings DeFi utility backed by meme cuteness.

Shiba Inu Whales Conspiring To Push Price Higher

Shiba Inu (SHIB) has experienced a brief pullback after surging by over 70% in just a few weeks. The meme coin has retraced from the $0.000029 peak and entered a short-term cool-off phase. At the time of writing, Shiba Inu trades at $0.000024, showcasing a 2.85% intraday decrease.

Despite the pullback, on-chain data from IntoTheBlock reveals that Shiba Inu whales are conspiring to push the price higher and shave a few zeros off the SHIB price. The analytic firm highlights that wallets holding between $1 and $10 million worth of SHIB have bolstered their positions by 425%.

Moreover, Shibburn, Shiba Inu’s burn mechanism, is firing on all cylinders, with a 487% increase in burn rate. This signifies that 5.9 million SHIB tokens have been removed from circulation. These continuous supply shocks are expected to drive Shiba Inu’s price much higher in the upcoming months as scarcity increases.

Dogecoin Retesting Higher Support Levels

After spending months on the sidelines, Dogecoin (DOGE) now leads the meme coin run, with a staggering 200% comeback that took just a few weeks to unfold. Dogecoin peaked at $0.47. However, as selling pressure intensified, it experienced a pullback, settling at $0.39 with a 1.3% daily decrease.

As Dogecoin continues to tear through milestones, the prophesied $1 DOGE appears basically a guarantee at this point. The sentiment around Dogecoin is so bullish that some analysts believe that it could even see a double-digit all-time high at the peak of the cycle.

Trader and analyst Dima James Potts has shared a chart reading on X that compares Dogecoin’s current performance to that of previous cycles. He believes that the ambitious $10 target could be in the realm of possibility and that the Dogecoin moon mission is just getting started.

Both Shiba Inu and Dogecoin will undoubtedly grant substantial returns to holders. However, savvy investors understand that the real gold is in micro-cap projects that have nowhere else to go but up-only, with Cutoshi being one of the finest examples.

Is Cutoshi The Next Big Meme?

Cutoshi exists at the intersection between memes and DeFi. At the heart of its ecosystem is CUTO DEX, a state-of-the-art non-custodial exchange that integrates all major blockchains, enabling seamless cross-chain swaps at near-instantaneous speeds.

Cutoshi draws inspiration from the Lucky Cats present in Chinese and Japanese legends. These cats are said to bring good fortune to businesses, while Cutoshi brings good luck to the blockchain.

This means that early investors can reap incredible rewards the more they interact with the platform via the Cutoshi Farming initiative. They have the opportunity to complete fun tasks and quests aimed at expanding Cutoshi’s online presence. These efforts will earn them CUTO points that can be later redeemed for $CUTO tokens.

Cutoshi recently launched a meme contest with a $2,000 prize pool. Interested readers can learn more by heading over to Cutoshi’s official X account.

Stage 3 of the presale is nearly sold out and $CUTO is priced at just $0.0259. Timing is key and the $CUTO token is set to launch at the most perfect time in the cycle. When taking into account all that Cutoshi has to offer and its relatively small market cap, it’s not a stretch tо expect it to outperform the likes of Shiba Inu and Dogecoin.

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