As is customary when crypto markets gear up for a bull market, the meme space is buzzing with activity. Dogecoin (DOGE) is up almost 4% on the weekly chart, and even Shiba Inu (SHIB) is up on a daily basis. New meme coin Cutushi (CUTO) is also on track to repeat its previous success with both DOGE and SHIB, while competing with Dogecoin price predictions and positive Shiba Inu news.
DOGE Bulls Eye is trending upwards amid upcoming upgrades
Dogecoin (DOGE) was created solely for crypto humor to keep traders in a good mood despite the gloomy charts around them. Within a few years, DeFi innovation expanded the use cases for memecoins, and as expected, Dogecoin (DOGE) led the field in terms of liquidity and capital.
Dogecoin’s price skyrocketed in 2021, rising along with an astronomical increase in market capitalization. The token soared from $0.0099 at the start of the year to an ATH of $0.7376, making Dogecoin (DOGE) the first meme coin to rise this much.
Now, Dogecoin news reveals that an upgrade to the Dogebox platform will be released next week. This upgrade further decentralizes the Dogecoin (DOGE) network and makes token storage and transaction options more accessible.
Source: CoinMarketCap
Dogecoin price is currently trading at around -1.11% on a weekly trend, but this recent move gives DOGE bulls hope that the project can be leveraged and continue its 25.10% upward trend.
Although Shiba Inu dogs are struggling with decline, the combustion rate remains stable.
Shiba Inu Coin soared 150,000% in 2021 before slowing down until the community intervened.
Currently, Shiba Inu prices are relatively stable as the Shibarium and burn protocols are in effect and the project is less volatile. Also, to compensate for the limited utility on the platform, Shiba Inu (SHIB) has maintained an impressive burn rate to overcome a token supply of over 900 trillion.
Source: CoinMarketCap
Meanwhile, on the chart, Shiba Inu’s 24-hour trading volume decreased by 20.41%. Also, the 1.87% decline in market capitalization does not inspire hope that Memecoin will improve from its current weekly downtrend of 7.42%. However, in the case of meme coins like Shiba Inu (SHIB), you can’t say never.
Investors bet on Kutoshi to follow in Dogecoin’s footsteps
Like many meme coins, Cutushi (CUTO) has a fun story to back up its concept. The project is inspired by the Chinese beckoning cat and Satoshi Nakamoto’s blockchain ideals. The Chinese beckoning cat is said to bring wealth and prosperity, and the Cutushi project aims to apply this traditional omen to the crypto market.
The Cutushi project has a wide range of features. The first is DEX. Users can trade and exchange tokens without queuing transactions on a congested network, ensuring the security of the Ethereum network.
Next is Kutoshi Farming, where members can earn rewards while participating in the community. We also have an academy dedicated to bringing Defi literacy to the masses. Through the Academy, members of the Cutshi community can learn how to get the most out of Defi technology.
Approximately 7% (440 million) of the total token supply is designated for burning to maintain the CUTO price. The burning of tokens increases their value over time, creating scarcity and demand.
CUTO is currently in its second stage of presale, with investors buying at $0.022. Investors are bullish on the CUTO token and believe the project has the potential to record a similar rally to Dogecoin.
Cutushi: The next big thing in the meme coin sector
Dogecoin (DOGE) and Shiba Inu (SHIB) have impressive histories of rapid price appreciation, but Cutushi is on track to become the next great meme project.
For more information on the CUTO presale, please see below.
https://cutshi.com/
Join our community and become a member:
https://twitter.com/CutushiToken
https://t.me/cutshi
