Crypto Analysts Predict Cutoshi (CUTO) To Deliver Greater Returns In Q4 Than Rivals SHIB And BabyDoge
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/Cutoshi/ – The Q4 of 2024 holds a lot of promise for crypto investors. As meme coin investors try to buy the best projects that show significant growth potential, experts are projecting that the Cutoshi (CUTO) project is poised to outdo meme rivals like Shiba Inu (SHIB) and Baby Doge (BabyDoge).
While Shiba Inu and Baby Doge have shown significant bullish momentum in recent weeks, the Cutoshi project has displayed solid use cases that are relevant in the DeFi industry. As such, Cutoshi is soaring on a raging potential and is tipped for 20x growth in presale.
Cutoshi (CUTO) has emerged as one of the hottest meme projects of 2024 given its multiple use cases. This has set it apart from other meme coins like Shiba Inu and BabyDoge. For context, early investors in the first stage of CUTO presale have already recorded over 45% in ROI. Given the limited total supply, analysts project over 50x rallies in the coming months.
Banking on its robust ecosystem, Cutoshi is a project that promotes decentralization and financial freedom. Inspired by the traditional Chinese Lucky Cat believed to bring fortune to people and Satoshi Nakamoto’s teachings, the overall objective of Cutoshi is to bring luck, prosperity and wealth to investors’ digital assets while following the core DeFi principles.
Apart from the introduction of a decentralized exchange that allows the swapping of digital assets across multiple blockchains, Cutoshi also champions an academy. The Cutoshi academy is designed to enhance users’ understanding of the DeFi industry and the crypto space at large.
Since its launch in 2020, Shiba Inu has risen to become one of the biggest meme coins in the industry with a market cap of over $10 billion, sitting second behind only Dogecoin in the meme industry. Within the last 12 months, Shiba Inu’s price has gained over 157% in value, as per stats.
Zooming in, the Shiba Inu price has spiked in the past 24 hours coinciding with a massive spike in the burn rate. As per data from Shibburn, Shiba Inu token burn rate has soared by 14, 575% in the past 24 hours with over 279M SHIB tokens removed from the circulating supply. Amid the surge, Shiba Inu token is looking set for a major breakout.
Market data shows that Shiba Inu trading volume has jumped by over 50% in the past 24 hours with key market indicators showing bullish signals. Data from Tradingview shows that Shiba Inu price has flipped both the 50-day and 200-day SMA with the meme coin on the path of breaking the $0.000018 resistance zone. If it succeeds, Shiba Inu might surge by 20% soon.
BabyDoge Picks Momentum, Set Sight On $1 Billion Capitalization
BabyDoge Coin (BabyDoge) has been on the blockchain since 2021. However, its market trajectory of 2024 is showing sky-high potential for growth. For context, BabyDoge’s market cap value reached its all-time high in March when it recorded $549 million in valuation.
Meanwhile, Baby Doge’s market cap has moved from $139M in early September to over $460M valuation, according to CoinMarketCap. The technical analysis shows that BabyDoge might witness a breakout soon. Crypto analyst, TMV believes that a breakout could push the BabyDoge price to $0.000000003200, $0.000000003250 or towards the $0.000000003400 mark.
Source: Tradertmv on X.
Going forward, Tradingview stats shows that BabyDoge is trading above the 50-day and 200-day EMA. However, the RSI shows 100, signaling the meme coin is in the overbought zone. As such, a retracement might resume soon. Even at that, the rising trajectories of the Baby Doge token in the past months, have placed it in a prime position for a significant ROI in the coming month.
Why Cutoshi Might Lead The Next Market Rally
While the meme market battles for dominance ahead of Q4 and 2025, Cutoshi’s multiple use cases and the fact that it was created based on Satoshi Nakamoto’s teachings inform of its roaring potential. With Shiba Inu and BabyDoge approaching an overbought zone which could trigger retracement, CUTO could surpass them soon.
For more information on the Cutoshi (CUTO) Presale: Website.
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