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Although Cardano (ADA) and Shiba Inu (SHIB) have experienced massive surges in the last month, analysts agree that their rallies are just getting started.
However, veterans know that the real gains will be made with undervalued low-cap gems such as Cutoshi. This is a revolutionary meme coin that leverages a 360-degree DeFi ecosystem and investors have started taking notice.
Cardano Is Gearing Up For Bullish Continuation
After reaching the crucial $1.30 level for the first time in years, Cardano followed with a pullback that saw its price retest the $1.20 support. After spending months on the sidelines, Cardano woke up with a month-long rally that saw it rake in nearly 270% returns. Today, Cardano is cooling off, with little to no action in terms of price movement and a 44% reduction in 24-hour trading volume, with roughly $3.5 billion worth of ADA traded on exchanges.
Moreover, Cardano could be in for some more turbulence, as an 18.53 million token unlock is scheduled on December 6. In preparation, some whales have already hedged their position and sold about 56 million ADA over the last few days.
Despite the incoming volatility spike, sentiment is still overwhelmingly positive and 91% of Cardano holders remain bullish, as shown by CoinMarketCap. Analyst and trader Cantonese Cat has shared a chart reading on X that details Cardano’s macro movement within Fibonacci levels, suggesting that at the peak of the bull run, ADA could top out between $7 and $8.
Shiba Inu Is Consolidating, Lead Developer Teases New Coin
With a 75% monthly surge, Shiba Inu (SHIB) reached a local peak of $0.000033 however, at these levels, selling pressure intensified, forcing a retracement. Following a 5.8% 24-hour increase, Shiba Inu sells for $0.000029 and has been consolidating around this mark for the past week.
Analyst Rony Kapoor pointed out on X that Shiba Inu’s current price action resembles that of Dogecoin right before its huge November run. If SHIB follows DOGE’s footsteps, it could soon reclaim the $0.000033 level, which would pave the way for a run to the 2021 all-time high of $0.000088.
In other news, Shiba Inu’s lead developer, Shytoshi Kusama, has made waves in the crypto world with the announcement of a new meme coin — SHIFU, that will be part of the Shiba Inu ecosystem. Moreover, popular crypto commentator Lark Davis doubled down, sparking a wave of excitement, hinting that SHIB holders could receive a substantial SHIFU airdrop.
This development has made waves in the meme coin space and reignited sentiment among investors. SHIFU, along with Cutoshi (CUTO) is set to be part of a new wave of utility-driven meme coins that are built with longevity in mind.
Cutoshi Brings Together The Best Of Memes And DeFi
Cutoshi (CUTO) is a new utility meme coin leveraging a cutting-edge DeFi platform. Investors are rushing to the $CUTO presale and so far, more than $1.28 million has been raised in record time.
Cutoshi prioritizes decentralization and privacy above all, the two main cornerstones of crypto philosophy, echoing the teachings of Bitcoin creator Satoshi Nakamoto. This means that middlemen are removed from the equation and users have complete control of their assets. Moreover, no KYC is required to use CUTO DEX, Cutoshi’s revolutionary cross-chain exchange.
Via the Cutoshi Farming initiative, users will be tasked with completing various tasks and missions aimed at boosting Cutoshi’s presence on social media. For their efforts, they will receive CUTO points which can then be redeemed for more $CUTO post-presale.
In stage 4 of the $CUTO presale, tokens are available at $0.031. When taking into account all that Cutoshi has to offer, there has never been a better time to get involved.
For more information on the Cutoshi (CUTO) Presale:
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*This article was paid for. Cryptonomist did not write the article or test the platform.
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