The mood in the crypto market is pumped up. If the optimism translates to an uptrend, it could indeed be an 'Uptober' to remember, especially for Shiba Inu (SHIB) investors who have struggled to record significant gains lately.
While the Shiba Inu coin is on a redemption mission following its lackluster performance in recent months, a new presale token, Cutoshi (CUTO), is raring to break out. Both meme coins are top picks for investors. We'll explore the factors driving the hype around them and examine whether they have what it takes to deliver substantial returns for investors in the coming bull run.
With the crypto market rife with optimism about a bull run this month, it’s all eyes on the meme market as investors expect industry leader, Shiba Inu (SHIB) to lead meme coins on a rally. Despite the Shiba Inu price dip from $0.00002133 on September 28, the Shiba Inu coin is back in the greens with an impressive 29.21% monthly surge.
Further, there has been a noticeable increase in activities on the Shiba Inu project. Shiba Inu coin’s 24-hour trading volume pumped by an impressive 16.27% on Friday, and its market cap also gained slightly. Trader activities and traffic play a huge role in the price movements of meme coins. With these metrics suggesting a renewed interest in the Shiba Inu coin, the ‘uptober’ rally couldn’t be more timely.
At just -0.80%, Shiba Inu (SHIB) has almost completely shed its weekly losses, and the Shiba Inu price is already on a 29.41% monthly uptick. The ‘uptober’ momentum is brewing, and Shiba Inu (SHIB) is primed for a rally, according to expert projections.
Cutoshi is one of the new additions to the meme coin sector, and what is particularly interesting about the project is how it fuses Defi ideals with inspiration from the legendary Satoshi Nakamoto, who is renowned for advocating freedom, privacy, and decentralization.
The meme coin part of the Cutoshi (CUTO) project takes a cue from the symbolic Chinese Lucky Cat as its theme. With a balance of Defi features and meme coin features, Cutoshi is well-positioned to offer value to both sectors.
To solve the lingering problem of cross-chain operations, the Cutoshi (CUTO) project has created its own DEX. With the Cutoshi DEX, token swaps and other cross-chain activities become easier and more accessible. As an Ethereum-based project, Cutoshi enjoys the outstanding security and scalability of the Ethereum blockchain.
Cutoshi (CUTO) considers community development to be paramount to its ecosystem. This gives further insight into why the project features a Cutoshi Academy where crypto enthusiasts can learn the workings of the Defi industry.
CUTO is currently valued at $0.022 in Stage 2 of its presale, and investors from the Defi and meme coin sectors are buying out the tokens at record rates. The project has gotten the nod from experts who are confident the CUTO token could go all the way to surpass Shiba Inu.
The crypto market is in a frenzy. Anticipation is building up for the much talked about 'uptober' rally, and Shiba Inu and Cutoshi are in the spotlight as investors look to the meme coin sector for gains.
Shiba Inu's monthly gain has inspired a renewed interest in the project, and a bull run might be in the cards for the SHIB price. Meanwhile, Cutoshi's innovative blend of DeFi and meme makes it an attractive contender to surpass Shiba Inu. It’s only a matter of time before the two meme coins get into full throttle.
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