Shiba Inu (SHIB) and Dogwifhat (WIF) Give Up Recent Gains, Investors Find Solace in New Cutoshi (CUTO) Project

Bitcoin launched the week on the front foot, crossing its long-term $70000 resistance and urging the top meme coins like Shiba Inu (SHIB) and Dogwifhat (WIF)

Bitcoin's influence on the crypto market was felt by the top meme coins last week, as Shiba Inu (SHIB) and Dogwifhat (WIF) encountered resistance at key levels. However, these coins are now back to support levels, while a new meme coin and Defi combination, Cutoshi (CUTO), is showing signs of strength.

Shiba Inu's burn protocol provided some support during the downturn, with the burn rate hitting 252,900%. This comes after SHIB reached a monthly high of $0.00001973, which could serve as a starting point for any bullish surge.

On the other hand, WIF coin price predictions were cautious amid the uncertainty of the US elections. Some predictions suggested a $3 surge if the elections favored Solana, given that the meme coin is built on the Solana network.

However, with the elections only days away and Dogwifhat (WIF) already down 7.09% in the last seven days, the token seems to be losing steam despite the potential for a post-election surge.

Cutoshi (CUTO) is a project that combines Defi utility and the meme sector. Inspired by the Chinese Lucky Cat meme, the project aims to bring good fortune to investors and aligns with Satoshi Nakamoto's vision of financial freedom and literacy.

Cutoshi features an academy for newcomers to the crypto market, a DEX for trading assets without third-party involvement, and a 7% token burn for deflationary measures.

The CUTO presale is ongoing, with 80% of the second stage sold and a Halloween promotion offering 20% more on purchases.