Will SHIB-Inspired Altcoins PEPE and Cutoshi Replicate SHIB's Massive Returns?

Recently, with the broader market recovering and turning bullish, Shiba Inu has shown an impressive rally due to the enormous demand after breaking

Shiba Inu (SHIB) has shown a breakout from a long-term downtrend, which has sparked a massive demand for the meme coin and led to a impressive rally.

This high demand has also rubbed off on other meme coins, like PEPE, and the new altcoin Cutoshi, which has seen a surge in demand due to its unique hybrid nature.

However, as these altcoins ride the wave of bullish sentiment, can they really sustain it to generate returns on the scale of SHIB’s massive gains?

Shiba Inu (SHIB) Chart Analysis

Shiba Inu price action showed a breakout from a long-term downtrend, which sparked massive demand for the meme coin and led to an impressive rally.

However, despite rising with great momentum, Shiba Inu faced sharp rejection from the $0.00003044 price level and dropped fast to take support at $0.00002259. Since then, the price action has been slow and consolidated.

Shiba Inu price trades at $0.00002428 after a massive 6% intraday plunge. However, the slow price action may be a minor pullback for Shiba Inu as a bullish cup-and-handle pattern formed starting May 29, 2024.

Thus, Shiba Inu has the potential to break the immediate resistance and continue its upward trend with increased momentum.

PEPE (PEPE) Chart Analysis

Recently, PEPE broke out from its month-long sideways price congestion and underwent a massive rally. As a result, PEPE gained over 200% within two weeks, surpassed its previous ATH and reached a new all-time high of $0.00002524 on November 14, 2024.

However, PEPE has dropped significantly over the last two weeks and currently, the price is over 26% below the new ATH. PEPE trades at $0.00001825 at press time after facing an enormous 11% drop in the last 24 hours.

The massive PEPE rally, followed by a steady decline, has resulted in a flag and pole pattern. Due to the price correction, PEPE has come out of the overbought region and the RSI has dropped to 56.

The MACD indicator shows increasing bearish momentum as the oscillator line has moved below the signal line. Additionally, the 20-day Simple Moving Average has caught up with the price and PEPE is expected to bounce up from this SMA line.

Cutoshi (CUTO) Price Analysis

Cutoshi is a hybrid token on the Ethereum ERC-20 network that challenges traditional community-driven meme coins like Shiba Inu and PEPE with its DeFi practicality.

It has fused the fun of a meme coin community with a utility token’s practical and real-world use cases. Its meme coin facet is based on the Chinese and Japanese tradition of the lucky cat, which possesses special powers.

According to the tradition, those who keep the lucky cat in their homes will receive good luck and prosperity. So, Cutoshi is spreading good fortune and wealth to your digital assets by bringing the lucky cat on the blockchain.

Cutoshi’s DeFi half comes from its devotion to Satoshi Nakamoto’s ideals. It aims to bring decentralized finance to the masses and promote a decentralized economy like Bitcoin.

Thus, Cutoshi uses the power of the meme community to spread its vision and achieve its mission using its democratized platform. At the heart of its ecosystem is the Cutoshi DEX, a multi-chain decentralized exchange through which community members can swap their digital assets with others across blockchains.

Since it is decentralized, there is no third party, so users get peer-to-peer swapping with unmatched speeds at the lowest fees.

Moreover, Cutoshi has just announced a giveaway competition. It is a meme contest where you can win up to $2,000 worth of rewards Cutoshi offers to the best memes.

The contest is live on X, so create an outstanding meme, tag @CutoshiToken and use the hashtag #CutoshiMeme so the team can find your post.

Act fast, the contest ends on 4 December 2024. The native token CUTO is in the third presale stage, valued at $0.0256. CUTO has cleared over 80% of the third presale stage and is about to move to the next round, where its value will surge again, as it has in the previous rounds.

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com/

Join and become a community member:

https://