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Cryptocurrency News Articles
Shiba Inu and Cutoshi Emerge as Market Bulls in Unpredictable Conditions
Sep 29, 2024 at 09:39 pm
The current market conditions are unpredictable. However, two meme coins - Shiba Inu and Cutoshi - are growing rapidly, while defying bearish conditions.
Amidst the unpredictable current market conditions, two meme coins - Shiba Inu and Cutoshi - are rapidly gaining ground, defying the bearish market.
Shiba Inu is witnessing a surge in trade volume, while Cutoshi, a new project, is stealing the limelight. It is a meme coin that has managed to capture the attention of both investors and experts with its real-world utility.
Experts and market bulls are optimistic about CUTO’s growth and potential for profitability. This next Shiba Inu meme coin rival is quickly gaining popularity as a MemeFi coin, and is attracting investors from around the globe.
Shiba Inu Surges On The Back Of K9 Finance Launch
Shiba Inu has been trading in the green zone for the past few weeks. As a result, its market value has surged by more than 6% in the last month. At press time, you can buy a SHIB token for $0.000014.
One major factor contributing to its latest price surge is the rise in trading volume. According to data from CoinGlass, the meme coin’s derivatives trading volume had doubled within 24-hours.
The surge is linked to the upcoming launch of a liquid staking platform, K9 Finance, on the Shibarium network. It will enable users to engage in liquid staking of Bone ShibaSwap, a significant token within the Shiba Inu ecosystem.
According to Shiba Inu, the launch of K9 Finance can boost both the transaction volume and total value locked (TVL) on the network.
Meanwhile, analysts are observing increased whale activity in the Shiba Inu network, which could further support the positive price movement of SHIB tokens.
Cutoshi Presale Brings Bull Run To The Market
Cutoshi combines the entertainment of meme coins with the revolutionary ideals of Satoshi Nakamoto, the creator of Bitcoin. It is a hot new utility meme coin built on the principles of decentralization, aiming to empower individuals in the world of DeFi. The ten biggest meme coins account for about 90% of the entire meme coin market cap, and CUTO aims to join this list in 2024.
Its unique selling proposition (USP) is the multi-chain decentralized exchange (DEX), a versatile platform for easy asset swaps across different blockchains. It features NFTs, which are unique digital collectibles that enhance the project's excitement and value.
Cutoshi has a broader vision that extends beyond financial goals. It recognizes the importance of community and will launch the Cutoshi Academy, where users can learn and improve their understanding of DeFi.
Another gamified element in the project’s ecosystem is the Cutoshi Farming, which will allow users to participate in the platform’s activities and earn rewards. This approach aims to make DeFi education engaging and adventurous.
The CUTO token is the native cryptocurrency of the ecosystem. It will power the project’s ecosystem by facilitating transactions and educational initiatives on the platform.
The platform also plans to integrate a deflationary buy-and-burn mechanism.
Currently, the CUTO presale is ongoing. It is in the first stage, where early investors can book a token for just $0.015. According to market analysts, the project’s value is set to increase 100 times soon.
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
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