Meanwhile, Pepe (PEPE) also showed an enormous rally, with the price tripling within ten days. However, the new meme coin, Cutoshi (CUTO), has seen more investor participation as traders feel its token presale can offer better returns.

Shiba Inu (SHIB) Consolidates After Promising Breakout

After a month-long consolidated price action, Shiba Inu (SHIB) broke out of the critical resistance at $0.00001949 last week. Shiba Inu surged tremendously after passing this resistance, gaining over 50% in just a few days to reach the $0.00003044 price.

However, Shiba Inu quickly dropped over 25% in the next four days. Over the last 24 hours, Shiba Inu has risen 2.6% and trades at $0.00002436.

On the 4-hour chart, Shiba Inu broke above the upper trendline today, which has rejected the price since the recent peak. Shiba Inu has been consolidating for three days due to the immediate resistance at $0.00002626. If Shiba Inu moves past this resistance, it may induce a significant demand, helping continue the price rally.

Pepe (PEPE)

On 5 November 2024, PEPE started a new rally, shot up more than 200%, and reached a new All-time High (ATH) of $0.00002524 on 14 November 2024. However, PEPE faced massive bearish sentiment, dropping nearly 20% below this new ATH on the same day.

The Relative Strength Index is at 77 and is dropping as PEPE undergoes a price correction. Today, PEPE took support near yesterday’s opening price of $0.00002065.

PEPE now trades at $0.00002117 and has seen a decline in demand today, as indicated by the 30% drop in daily trading volume. PEPE is experiencing wild intraday price fluctuations as traders are uncertain about the future price performance.

Cutoshi (CUTO): Practical Memecoin Rivalling SHIB and PEPE

Cutoshi is a utility meme coin that has gained significant popularity due to its practical ecosystem. The project takes inspiration from Satoshi Nakamoto’s vision of global adoption of decentralized finance (DeFi).

Unlike most meme coins, Cutoshi has a serious mission of spreading DeFi so that it can be mass-adopted and the decentralized economy can grow. It plans to achieve this by using the power of the meme coin community to reach the masses.

It has built an engaging ecosystem of the Cutoshi DEX, Cutoshi Academy, and farming. Cutoshi offers peer-to-peer cross-chain asset swapping to its users so that they can manage all their digital assets under one platform. The DEX provides secure and quick transactions with low fees, which it uses to maintain proper functioning and make updates to increase platform efficiency.

Cutoshi offers newcomers an easy transition to DeFi by delivering fun and engaging learning materials that simplify complex blockchain and Web3 concepts. The best part is that all the content will be free so that everyone can access it and join the DeFi ecosystem.

The farming mechanism that allows users to earn exciting rewards is live, and over 2,500 members have started farming. Users can earn by completing the quests and rising through the community leaderboard. The rewards are CUTO points that can be converted into CUTO tokens. Completing more challenges gives more rewards, as higher ranks get more points.

Cutoshi is also bringing a merch shop so community members can support the platform and show their devotion to CUTO. The merchandise will include hoodies, beanies, phone cases, mugs, and many more CUTO-themed items.

The CUTO presale has reached stage three, and the token currently has a value of $0.0259. As the presale progresses to further rounds, the price will keep increasing, generating massive profits for early investors.

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