However, the bull rally started in November and is still fresh in the cryptocurrency market. While runners like Pepe and Shiba Inu are already extended, the new ERC-20 memeFi coin Cutoshi has gained traction.

Pepe Fails Breakout Finds Support Near $0.00002

On Sunday, PEPE tried to break out of the $0.000021 resistance zone; however, the sellers took control immediately as the price reached a high of $0.0000233. However, the follow-through of the breakout is yet to be seen.

The volume of the failure candle is more than that of the breakout candle, which showcases the bear grip on PEPE price action. Currently, the 10-period moving average is the main support, coinciding with the major psychological zone of $0.00002. The RSI of PEPE has also taken a dip after reaching the overbought zone to the current level of 58.

Shiba Inu Reaches 8-Month High, ATH Soon?

Shiba Inu, the second biggest memecoin, showed great momentum, rising over 15% on Sunday intraday moves. The breakout came after the three-week-long consolidation, which had a base depth of 26%. In the move, SHIB reached a market cap above $19 billion, with volume rising over 300% on the breakout day.

Shiba Inu is trading at $0.00002936 and has risen nearly 19% in the last seven days. In the meme coin space, Shiba Inu has gained strength along with Cutoshi’s momentum in its presale.

Shiba Inu and PEPE investors are diversifying into Cutoshi due to its potential growth after the launch, which is mainly projected because of its unique structure and noble approach in the meme coin space.

Cutoshi Leads In The MemeFi Space With Unique Features And Immense Utility

Memecoins are popular for their hype in the community and the crypto market. However, newer coins like Cutoshi and Shiba Inu are changing investors’ perceptions of memecoins. Cutoshi is preparing to be a major player in the DEX with its cross-chain swapping feature.

Cutoshi is a MemeFi cryptocurrency inspired by the Chinese Lucky Cat, symbolizing prosperity, wealth and luck. It encourages users to embrace this mindset for their digital assets while promoting freedom, anonymity and financial empowerment.

Cutoshi (CUTO) plans to launch a multichain DEX, enabling users to trade and swap crypto assets effortlessly across multiple blockchains. This innovation addresses the common interoperability issues faced by traditional DEX platforms.

The ecosystem also features a gamified farming system, adding an interactive element. Users can complete tasks, stake and earn rewards, creating an engaging investment experience. A leaderboard tracks top earners, boosting community involvement and competition.

Cutoshi’s future roadmap includes a merchandise shop where purchases can be made with the native token, CUTO. This spreads the Lucky Cat’s charm and enhances the token’s utility. Additionally, the platform will offer a learning academy with free lessons and advanced paid options, payable in CUTO.

To amplify its appeal, Cutoshi recently launched CoinMarketCap. In its fourth presale phase, priced at $0.031, a 106% jump from the initial $0.015, tokens are selling very fast, driving demand and creating a sense of urgency.

Also, today is the last day of Cutoshi’s meme contest, which has a $2,000 prize pool. The top ten meme creators will win a share of the rewards. Here is the post of one of the winners. It can be any form of art with a tag of @CutoshiToken. Users have the chance to win a big cash prize.

For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/

Join and become a community member:

https://twitter.com/CutoshiToken https://t.me/cutoshi

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.