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Historically, October is known for major bullish trends for many cryptos. One such coin set to record impressive price performance in October is Shiba Inu (SHIB). Despite fluctuating prices, Shiba Inu continues to attract attention from the broader crypto market. Its devoted holders believe the meme coin could mirror its previous spectacular run in October 2021, with a new ATH being the target.
However, despite Shina Inu and Dogecoin (DOGE) gains, a new DeFi project, Cutoshi (CUTO), is already attracting investors in stage two of its presale. The project embodies the ideal of DeFi while bringing meme coin excitement with it. Cutoshi is already set to emulate Dogecoin’s price success with 100x gains already predicted. Is this a possibility?
Cutoshi’s Supermodel Print Guarantees DeFi Success
The Cutoshi (CUTO) project has been gaining massive traction among DeFi investors, owing to its hybrid nature of a DeFi hub and meme coin. In what crypto experts believe might be a supermodel blueprint, Cutoshi follows the DeFi core principles of Bitcoin founder Satoshi Nakamoto while adopting the Chinese Lucky Cat as its emblem.
Cutoshi seeks to advance DeFi operations by introducing a Decentralized Exchange for token swapping and trading. This unique DEX will eliminate the hassle surrounding cross-chain transactions, allowing users to access and transfer their assets easily. Being an Ethereum-based utility token, Cutoshi users will also benefit from the scalability and security features of the Ethereum blockchain.
With DeFi tokens gaining traction within the crypto market, investors have already placed positive price predictions for Cutoshi. Currently, CUTO is trading at $0.022, offering early investors a 46% ROI. With a capped token supply, the price is set to surge even further due to the token’s scarcity.
Can Shiba Inu Price Hit The $1 Mark?
Shiba Inu (SHIB) has recently experienced notable price performance. Over the past month, its price has recorded an over 29% surge, trading around the $0.000017 region. Despite the current weekly price dip, Shiba Inu’s daily trading volume has also increased, as a Shiba Inu News tweetsuggests a potential all-time high.
Source: TradingView
SHIB technical indicators also suggest the token is trading above the 10 and 20-day simple moving averages, which are $0.00001751 and 0.00001760, respectively. The token’s strong resistance is near the $0.0000150 and $0.00001800, where the Shiba Inu price has faced multiple rejections in the past. A stronger resistance, however, lies around the $0.000019 mark, where the SHIB token faced its most recent peak before dipping.
With the RSI at 59, if the Shiba Inu price manages to hold above its trendline of around $0.00001670, there is a higher potential for a price surge as the meme coins aim to retest the $0.00001800 mark. A break above this point will also push the SHIB token towards the $0.000019 mark, where it last faced rejection.
Dogecoin Price Movement Eyes The $0.6 Mark
The Dogecoin price has grown steadily throughout September, with only minor corrections recorded. The DOGE price breakout that started out in late September has already led to a monthly surge of over 4.5% to trade ataround $0.11, with clear signs of an uptrend on the horizon.
Source: CoinMarketCap
According to Ali Martinez, Dogecoin (DOGE) might be poised for a repeat of the historical bullish pattern. Martinez has indicated that Dogecoin is highlighting abuy signal, having broken out of its multi-year descending triangle, a price pattern that has always led to significant rallies.
Moreover, the surge in Dogecoin trading volume signals increased liquidity and interest. These two factors usually stabilize the market and might prevent a sell-off from DOGE token holders, especially the whales. With this, analysts believe the meme coin might surge higher, with the Dogecoin price prediction exceeding the $0.6 mark.
Will Cutoshi Dominate DeFi?
With the ‘Uptober’ momentum set to favor meme coins like Shiba Inu and Dogecoin, the DeFi sector has also joined the race, with Cutoshi leading the wave. Cutoshi is set to edge out top DeFi projects with its meme fun.
For more information on the Cutoshi (CUTO) Presale:
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https://twitter.com/CutoshiToken
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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