Shiba Inu
Coin Is Set For Major Breakouts,
Here Are The
Next Two Altcoins
ToFollow The
Same Trend
Shiba Inu Coin Is Set For Major Breakouts, Here Are The Next Two Altcoins To
Follow The Same Trend
by Bitcoinist
2 hours ago
in Industry
0
With all the turbulence in the crypto market, the gains are coming in. While
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is eyeing an all-time high at $100k, Shiba Inu is following. At the
same time, two other tokens, Bonk and Cutoshi , may be seeing massive gains in
the near future.
Shiba Inu Barking At The Big Leagues
The crypto market is seeing a lot of excitement around Shiba Inu . Currently,
Shiba Inu is priced at $0.00002919 , with a 30-day gain of 68%. With Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
seeing its all-time high at almost $98k the crypto market is soaring and Shiba
Inu is set to gain too.
What’s driving Shiba Inu, other than the overall market, is the growth of its
ecosystem and technical developments. Notably, the Shibarium Network , Shiba’s
own Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Layer 2, is undergoing a major upgrade. The upcoming hard fork
will tackle some of its most important issues.
Notably, Shibarium is expected to become more scalable, optimizing user
experience. At the same time, transactions will be faster and will reach
finality sooner. These developments are why analysts are optimistic about
Shiba Inu.
Token burns are another big bullish driver for Shiba Inu. Recently, over 4
million Shiba Inu were removed from circulation. This is always bullish for
SHIB. Technicals are also flashing buy signals , especially the moving
averages. For this reason, analysts predict SHIB to go to $0.000056 by the end
of 2024.
Bonk Is A Wild Card In The Meme Coin Jungle
The self-proclaimed Solana-based Doge, Bonk, is entering a volatile phase.
Since its all-time high at $0.000053 , the token dipped 10%. Currently it is
trading at $0.00004252, up 123.16% over the last 30 days.
The volatility is showing in Bonk’s technicals. The overall outlook for the
token is currently neutral. Notably, short-term moving averages are above
Bonk’s current price, indicating selling pressure. At the same time, long-term
moving averages are bullish, which means that the token still has some
support.
Despite this, analysts are still optimistic about Bonk. if the token breaks
through the $0.000045 resistance, it has a path to surpassing its all-time
high. In this bullish case, Bonk has the potential to triple its ATH values,
reaching $0.00015.
Cutoshi Raises $1.2 Million In Investments
With memecoins entering a period of volatility, investors are looking at
alternatives. MemeFi token Cutoshi is among those that are benefiting.
Blending memecoins with DeFi, Cutoshi secured $1.2 million just weeks after
launching its presale.
The $1 million investment milestone did not go unnoticed. Cutoshi was trending
on X , showing that traders are interested in its unique approach. Notably,
what attracts investors to Cutoshi is its deep focus on utility and
decentralization.
Cutoshi is building a DeFi ecosystem that aims to make decentralized
technology more accessible than ever. Most crypto traders still rely on
centralized exchanges. This leaves their crypto in the hands of potentially
unscrupulous entities, which can lead to disaster. The FTX collapse was just
one example of this happening.
This is why Cutoshi wants to bring as many people to DeFi as possible. Its
multichain DEX, for instance, will aim to make trading simple and accessible.
At the same time, it also promised to launch a learning academy to help
support new traders.
With more and more traders recognizing the importance of custody, Cutoshi is
in a good position to play its part in making crypto truly decentralized.
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