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The crypto world is in a frenzy after Donald Trump’s victory. The president-elect's pro-crypto stance has brought renewed confidence and the market has reacted with green candles flooding the charts.
Trailing Bitcoin’s rise, Shiba Inu (SHIB) appears ready for the next leg up. Avalanche (AVAX) also looks primed for a surge after months of ranging action. Meanwhile Cutoshi’s viral presale is making waves in the meme coin space with its unique blend of memetic energy and DeFi functionality.
Over the past week the Avalanche Foundation repurchased 1.97 million AVAX tokens from the Luna Foundation Guard (LFG). According to data from Cointelegraph Avalanche planned to purchase the tokens for $45.5 million but spent around $53 million.
Since the purchase Avalanche’s price has increased by 3.45% to $26.88 at the time of writing. Avalanche’s daily trading volume has fallen by 13% suggesting that investors are choosing other altcoins over Avalanche during the market’s recent surge.
After months of turbulence Shiba Inu’s Shibarium has reached near-full operational capacity. Over the last week, Shibarium users hit 4.75 million up from 4.21 million just one week before. This has taken Shibarium to new operational highs with over 466 million transactions.
These statistics suggest that Shiba Inu usage is growing which could indicate a potential price increase towards the end of 2024. Shiba Inu is currently trading at $0.00001876 and has rallied by 8.5% over the last month. While Shiba Inu currently trades at 78.65% below its previous highs, data on Coinmarketcap shows that 88% of voters are bullish about the project's future.
Behind the cutesy and lighthearted surface Cutoshi boasts a state-of-the-art DeFi platform that sets the project apart from most run-of-the-mill meme coins.
CUTO DEX allows for seamless transactions across all major blockchains while ensuring lightning-fast speed and the lowest possible fees. A burn mechanism will constantly reduce the total supply, ensuring healthy price action and paving the way for scarcity-driven growth.
But that’s not all, as more prizes await users who engage with the Cutoshi ecosystem. Via the CUTO FARM initiative, during and after the presale, users will have the opportunity to take part in fun missions and special events aimed at boosting Cutoshi’s social media presence. Upon completion, they will receive cutopoints which can then be redeemed for more $CUTO tokens.
Stage 2 of the presale is wrapping up and tokens are priced at just $0.022 with early buyers already enjoying returns of 46%. So far, more than $700,000 has been raised in funds and interest is growing exponentially. According to spectators, $CUTO could lead to incredible returns as the bull market gains traction.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
