Popular Meme Coins Dogecoin And Shiba Inu Enjoy Active October, Cutoshi The Coin To Watch For November

Meme Coins Surge: Dogecoin and Shiba Inu Lead the Charge

October is poised for an exciting finish as meme coins gather momentum, with Dogecoin (DOGE) and Shiba Inu (SHIB) spearheading the rally. However, a lesser-known gem, "Cutoshi," is making waves within the meme coin realm. Its viral presale has attracted hundreds of investors, signaling its potential to disrupt both meme coins and the decentralized finance (DeFi) landscape.

Dogecoin Consolidates Before Next Potential Surge

Dogecoin is hovering above $0.16, a pivotal level that has been elusive for months. After facing selling pressure near $0.18, it has retraced to $0.165 with a daily decrease of 1.4%. On the weekly chart, Dogecoin boasts a 20% surge.

Crypto analyst Ali Martinez anticipates a significant November for Dogecoin. He predicts a breakout above a descending trendline, potentially propelling it towards the $0.22 mark by year-end, paving the way for a rally to the longed-for $1 target.

Shiba Inu Cools After Rally

The $0.000020 level remains a challenge for Shiba Inu bulls. It has retraced to the $0.0000183 range. Over the past week, Shiba Inu enjoyed a 4.5% increase, aided by a significant jump in trading volume from an average of $280 million to $689 million.

Whales are accumulating Shiba Inu, with nearly 4 trillion SHIB tokens acquired in the last 24 hours. Additionally, the convergence of the 50-day and 200-day moving averages hints at the potential for a bullish reversal.

Cutoshi Poised to Surprise in November

Cutoshi bridges the worlds of meme coins and DeFi. Its innovative cross-chain exchange enables seamless transactions across blockchains for a mere 0.25% fee. Liquidity providers benefit from an 80% share of these fees, while the remaining 20% fuels buybacks or token burns. This deflationary mechanism ensures the long-term sustainability of Cutoshi's native token, $CUTO.

Inspired by the Lucky Cat, Cutoshi brings fortune through its reward system. Users are rewarded "cutopoints" for completing missions and quests that promote Cutoshi. These points can be redeemed for $CUTO tokens. Staking $CUTO on the platform generates passive income.

To enhance its online and offline presence, Cutoshi will introduce NFTs and merchandise, enabling users to showcase their passion for the meme coin while earning rewards.

Cutoshi recognizes the negative reputation of meme coins as pump-and-dump battlegrounds. It has undergone an audit by SolidProof and listed on CoinMarketCap, proving its legitimacy.

The second stage of the $CUTO presale is underway, with over $600,000 raised. Tokens are priced at $0.022, and early adopters have already witnessed a 46% gain. Given Cutoshi's multifaceted offerings, it has the potential to mirror the remarkable growth witnessed by Dogecoin and Shiba Inu.

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