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The last quarter of 2024 looks promising for the crypto market, with Dogecoin and Shiba Inu soaring, while the emerging Cutoshi leads the charge for a potential bull run.
Table of Contents
Dogecoin miners reduce selling pressure
Shiba Inu’s profitability increases
Cutoshi redefines memecoin industry
The last quarter of 2024 is expected to be promising for the crypto market. Many tokens have started gaining, and are rising on the price charts.
Investors are keenly observing Dogecoin, Shiba Inu, and Cutoshi for a significant bull run. While these three memecoins have shown growth potential, Cutoshi, a newly launched MemeFi ecosystem, is taking the lead.
Its novel business roadmap, and growth projection have made it the hottest utility memecoin on the block. It has emerged as a serious challenger to the market dominance of Dogecoin and Shiba Inu and will outperform them in 2024, as per analysts’ view.
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Dogecoin miners reduce selling pressure
The Dogecoin community is currently optimistic about the memecoin’s growth, with the reduction in the selling pressure on DOGE, by the miners.
According to data, the miners have accumulated about 280 million Dogecoin tokens in the last 50 days. At the time of writing, these DOGE tokens are worth approximately $25 million. Experts believe that such accumulation is indicative of the miners’ confidence in Dogecoin’s stability and future value.
Meanwhile, the trading price of DOGE tokens has increased by more than 4% in the past seven days, and currently stands at $0.11.
Shiba Inu’s profitability increases
Shiba Inu has been witnessing positive developments for many weeks. This has resulted in a surge in its price. Over the past seven days, the market price of Shiba Inu has increased by around 12%.
Currently, a SHIB token is available at $0.000016. This momentum has significantly improved the profitability of SHIB holders. According to the latest data, around 49% of Shiba Inu investors are currently in the money.
Experts believe that it could grow further in the coming weeks because 73% of SHIB tokens are currently held by whales. Thus, if they continue to maintain their holdings, it will support the memecoin’s price movement.
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Cutoshi redefines memecoin industry
There is no doubt that memecoins can offer a good crypto investment option, most memecoins (even the big ones like Dogecoin and Shiba Inu) are infamous for being highly volatile, which is due to the lack of real-world tangibility. To address this issue, Cutoshi has entered the blockchain arena.
It is a new memecoin, inspired by the Chinese Lucky Cat, and brings utility to facilitate the platform’s DeFi elements. The project’s ecosystem has several essential tools for users to grow, and make profitable decisions. These tools included Cutoshi DEX, Cutoshi Farming, Cutoshi Academy, Cutoshi NFTs, and Cutoshi Merch.
Its multi-chain decentralized exchange (DEX) allows people to swap their cryptos directly across other blockchains. With Cutoshi farming, users can participate in various engaging activities and missions. Users can complete missions and collect Cutopoints, which will be redeemable for CUTO tokens, prizes or other rewards.
All these notable features have made Cutoshi the most trending new DeFi coin. Understandably, there is a great demand for CUTO, the native token of the platform.
The presale round of Cutoshi has begun. Currently, a CUTO token is available for $0.015, but it is expected to soon jump to $0.22. Experts believe that the project’s value can grow 100 times soon.
For more information on the Cutoshi (CUTO) presale, visit the website: https://cutoshi.com/
Join and become a community member: https://twitter.com/CutoshiToken, ttps://t.me/cutoshi
Read more: Ethereum and Bonk whales investing into Cutoshi before the next price increase
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