Institutional investors are once again bidding heavily on Bitcoin (BTC) ETFs, which are seeing record net inflows. Meanwhile, Shiba Inu (SHIB) and Cutoshi (CUTO) are making strides, as both are seeing renewed buyer interest.
Cutoshi in particular is gaining major traction as its viral presale is about to cross $1.2 million in raised funds.
While Bitcoin Rebounds, Smart Money Takes Action
Bitcoin is back above $97k once again, as it saw a 2.7% intraday increase. However, buying pressure has been slowing down, as reflected by the 32% drop in volume, with roughly $47.4 billion worth of BTC traded across exchanges in the last 24 hours.
On the other hand, large investors have taken advantage of the dip to bolster their Bitcoin ETF positions. ETF issuers like BlackRock and Fidelity have recorded a record $6.2 billion in net inflows, topping the $6 billion February record, which was reached amid the Bitcoin ETF launch euphoria.
Meanwhile, crypto analyst Volker has pointed out that the Bitcoin sell wall is slowly but surely scaling down. This accumulation of sell orders has barred Bitcoin from reaching $100,000. However, it will likely take another full-fledged battle between bulls and bears to see it crumble.
While seeing Bitcoin at $100,000 feels like a guarantee at this point, many are shifting their attention to projects that could yield greater returns in 2025. Shiba Inu still has a lot of room for growth, but Cutoshi could ultimately steal the show with its unique DeFi ecosystem.
Shiba Inu Soars Above Resistance, What’s Next?
After spending the majority of the past two weeks ranging around the $0.000024 level with minor deviations, Shiba Inu (SHIB) has reclaimed the crucial $0.000026 level with a 4% daily increase.
On X, analyst Master Kenobi has shared a detailed outlook on Shiba Inu’s current price performance. He draws attention to Shiba Inu’s price structure over the years and how it relates to the current chart formation. Kenobi believes that once Shiba Inu breaks out, it could rise to $100 billion in market cap at the peak of the bull run in 2025.
Additionally, Shiba Inu’s burn mechanism, Shibburn, is firing on all cylinders. In the last day alone over 1 billion SHIB tokens were removed from circulation, with a 2,050% increase in the burn rate.
Discover Cutoshi, The Luckiest Cat On The Blockchain
Cutoshi brings a breath of fresh air to the meme coin landscape with its cutting-edge cross-chain DeFi protocol named CUTO DEX. The exchange will allow users to instantly swap assets between all major blockchains at lightning-fast speed and just 0.25% in fees.
The project makes it a point to uphold the values of privacy and decentralization that inspired Satoshi to create Bitcoin and change the world forever. This means that users don’t have to compromise sensitive information when engaging with the ecosystem. When it comes to the sovereignty of funds, middlemen are removed from the equation.
Cutoshi is inspired by the traditional Chinese Lucky Cat and wants to bring good fortune to its rapidly growing user base via the Cutoshi Farming initiative. Holders of $CUTO will be eligible for recurring staking rewards. Moreover, while the presale is still in motion, investors can participate in fun events and complete different tasks that will yield Cuto points. These points can then be redeemed for additional $CUTO tokens once they are available for trading.
Furthermore, until December 4, users can participate in Cutoshi’s meme contest and share their best memes. A $2,000 prize pool awaits and those who want to learn more can do so here!
Stage 3 of the presale is nearly complete and demand is skyrocketing. With $CUTO selling for just $0.0259.
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
