With Bitcoin reaching a new all-time high, the market has been galvanized and optimism has returned. Much of Meme coins appear primed for a comeback with Shiba Inu (SHIB) and Bonk (BONK) already teasing major breakouts.
Cutoshi, a meme underdog, or maybe it’s better to say an ‘undercat’ is taking the spotlight with its unique blend of cuteness and a cutting-edge DeFi platform.
Shiba Inu Is On The Verge Of A Breakout
The $0.000020 mark has been eluding bulls for a while as Shiba Inu’s ranging action has continued throughout the past few weeks. Despite the sustained selling pressure that kept Shiba Inu (SHIB) from consolidating above range highs, the pullbacks have been shallower, indicating increasing buyer interest. As of today, Shiba Inu sells for $0.0000187 with monthly gains above 6%, and a 44% decline in volume with about $659 million worth of SHIB traded in the last 24 hours.
Additionally, whales are steadily accumulating Shiba Inu. According to data from IntoTheBlock, Shiba Inu experienced a 7,429% surge in netflows as large wallets continued to beef up their SHIB position.
Bonk Sees Swift Recovery
Over the past week, Bonk (BONK) has rebounded by 7.3% after briefly tapping the $0.0000171 floor. Currently, Bonk is priced at $0.000022 with little to no action in terms of intraday price movement. It’s important to note that when zooming out on the chart, Bonk is still respecting the ascending trendline marked by a string of higher lows.
On-chain analysis corroborates the bullish picture, as Bonk’s long-to-short ratio sits at 1.42, indicating that more traders are betting on Bonk’s price to rise. Moreover, the Gemini exchange has recently listed Bonk, further expanding the meme coin’s presence in the crypto world.
Cutoshi Farming Mechanism Goes Live
Cutoshi wants to change the stereotype around meme coins being nothing more than hype-driven speculative assets. This project separates itself from run-of-the-mill meme coins with its hybrid approach that merges meme culture with DeFi innovation.
At the heart of the Cutoshi ecosystem is CUTO DEX a cross-chain, fully private, decentralized exchange that will allow seamless transactions across all major blockchains at near-instantaneous speeds and low fees.
Chinese Lucky Cats are said to bring prosperity to businesses. Cutoshi brings good fortune to the blockchain and its rapidly growing community with a unique reward system that incentivizes users to engage with the platform and promotes long-term investment.
One of Cutoshi’s most interesting features CUTO FARM is now live and users will have the opportunity to earn massive prizes while growing their $CUTO portfolio. They will be tasked with completing fun missions aimed at boosting Cutoshi’s online presence. In exchange for their efforts, they will receive CUTO points which can be redeemed for more $CUTO once the token hits the markets. Over 1,300 CUTO farmers have already taken action and are stacking points. Don’t miss out!
Another standout aspect of the Cutoshi ecosystem is the Cutoshi Academy. This is an educational hub created to help beginners on their crypto journey while teaching them the basics of DeFi, trading, and how to build a future-proof portfolio. Cutoshi believes that crypto should be for everyone, but also understands that it could be quite overwhelming sometimes. The purpose of the Academy is to lower entry barriers and bridge the knowledge gap.
Stage 3 of the viral $CUTO presale is 98% complete, and tokens sell for just $0.0259. So far more than $700,000 has been raised and demand is through the roof. This is the perfect entry point for investors who want to make the most of the upcoming meme season.
For more information on the Cutoshi (CUTO) Presale:
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