Memecoins continue to hold significant interest among traders, especially after many saw significant rallies in December. Now, traders are looking at which token will be the next in line for 10x gains. Among the most popular picks, Shiba Inu and Cutoshi seem to have the biggest potential.
Can Shiba Inu Rise 1000%
The “Doge-killer” Shiba Inu (SHIB) has been on a significant downturn since its recent peak in December. The token lost value since then, the token has lost 44% of its value, from $0.000030 to $0.00001668. However, analysts now see signs of a potential comeback in its charts.
Notably, one analyst pointed out that Shiba Inu is forming a falling wedge breakout. This is a technical indicator that often precedes significant reversals. If the indicator proves true, Shiba Inu could reach a conservative $0.00002913, a 73% increase.
https://x.com/viprosetr/status/1888578234536657176
Moderate predictions see Shiba Inu more than doubling to $0.00003612. The upper limit, on the other hand, is at $0.00004401, a 163% increase from its current price. From there, further increases are possible but will depend on various factors.
Still, Shiba Inu could also continue to decline for some time, based on its technicals. For instance, key weekly moving averages indicate a strong sell, showing negative momentum. At the same time, oscillators are more neutral, but also lean to sell. The sentiment is a far cry from the Shiba Inu marketing lead’s October prediction of a 1000% increase.
In any case, whether or not Shiba Inu can rise 1000% will largely depend on market sentiment. In the case of a new memecoin rally, this level is possible, despite Shiba Inu’s large market cap. Still, short-term volatility is likely.
Can Cutoshi Surpass Shiba Inu’s Growth?
While Shiba Inu holders are weighing potential entry, Cutoshi (CUTO) is breaking milestones. Most recently, the team announced that they are fast-tracking its presale, after attracting $1.7 million in investments.
The team explained that this was due to development on the Cutoshi DEX going faster than expected. Significant trader interest also likely played a role, since devs believe they can raise the rest of the funds faster. If this interest continues, analysts predict significant gains for Cutoshi.
One likely reason behind Cutoshi’s viral success is its blend of memecoins and utility. Notably, it is inspired both by maneki-neko, a beckoning cat figurine, and the legendary Bitcoin creator Satoshi Nakamoto. As such, it taps into the viral growth of memecoins, while also providing the stability of DeFi tokens.
https://www.youtube.com/watch?v=ZpxOmQGiR0g
As such, Cutoshi also aims to appeal to Bitcoin traders, who value privacy and decentralization. The project is building a decentralized exchange (DEX), enabling users to trade while retaining custody over their assets.
For this reason, Cutoshi could reach $1 when it starts trading on major exchanges. This is a 3,000% increase from its current price of $0.031. This increase will depend on the success of its DEX, as well as on CUTO’s ability to engage memecoin traders. However, since this is an early-stage project, a significant upside is possible, especially if market conditions remain favorable.
Cutoshi Presale Live, Learn More Below
Price: $0.031 per $CUTO
Supply: 440,000,000 tokens (ERC-20)
Website: https://cutoshi.com
Telegram: https://t.me/cutoshicommunity
X (Twitter): https://x.com/CutoshiToken
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