Shiba Inu’s (SHIB) Market Consolidation: Cutoshi’s Deflationary Model Attracts Investor Attention

Memecoins gather value because of the interesting meme on which it is based and the community that rallies around the token. Dogecoin and Shiba Inu remain the oldest dog-themed memecoins with the largest market capitalization. However, lately, both tokens have seen a dip in their price momentum. 

Instead, newer coins like Cutoshi ($CUTO) still in their presale, are taking center stage and grabbing the attention of investors. Cutoshi is a fun and entertaining memecoin with financial incentives that is gathering a lot of buyers. Let’s discuss how SHIB’s days are over and the future belongs to new-age memecoins like Cutoshi. 

Where Are The SHIB Whales?

The Shiba Inu castles are all quiet. Recent data shows that Shiba Inu whales, or those wallets with transaction volume of more than $100K, have dropped by 24%. The whale transaction volume on SHIB dropped by 2.82 trillion SHIB to 2.08 trillion. The sudden reduction in volumes has slowed down the overall transaction volumes across exchanges, toning down market momentum.  

Source: u.today

Shiba Inu has consolidated below the 50-day SMA and 200-day SMA moving averages. This lack of pressure has caused Shiba Inu to move in a tight bound range. Shiba Inu has seen a slight jump but it has to move up before we can confirm the uptrend. 

Cutoshi: Entertainment Meets Financial Innovation 

Cutoshi is a fresh change from the boring cat and dog meme-themed coins. It actually has a deep meaning behind its name. It takes its name from the Bitcoin’s pseudonymous creator Satoshi Nakamoto and the Lucky Cat. 

Talking about Cutoshi’s ecosystem: Cutoshi has a full-fledged ecosystem with DeFi capabilities, fun quests, NFTs, and a multi-chain DEX. The DEX will enable Cutoshi users to swap tokens for a negligible fee. Yield farming quests will allow $CUTO holders to pool liquidity and win rewards. Early investors will also get access to limited edition 8,000 NFTs with attached benefits. 

Is Cutoshi Presale Worth Investing In?

Cutoshi’s presale is currently in its 4th stage and the price of one $CUTO token has risen from $0.015 to $0.031. Cutoshi has a supply of 440 billion tokens and a 7% burn mechanism in place to keep the supply scarce. 

Cutoshi presale is special for many reasons. First, the token is available at a very low price despite its multi-utilitarian approach. 60% of the token supply is getting released during the presale itself. This will help prevent any selling pressures and keep the price rising in proportion to demand. 

SHIB, on the other hand, has a token supply in the trillions. Cutoshi is a carefully crafted token that keeps the fun element high while giving ample earning opportunities to the users. 

Cutoshi Presale Live, Learn More Below

• Price: $0.031 per $CUTO
• Supply: 440,000,000 tokens (ERC-20)
• Website: https://cutoshi.com
• Telegram: https://t.me/cutoshicommunity
• X (Twitter): https://x.com/CutoshiToken