With everything that is going on right now, the crypto bull market is showing no signs of stopping. With Ethereum predicted to break $4,500 by the end of the year, ERC-20 tokens will also benefit. Traders looking for potential 100x gains are looking at a mix of Shiba Inu, Chainlink and a new MemeFi token, Cutoshi.
Shiba Inu Retains Dominance Among ETH Meme Coins
As the Ethereum ecosystem continues to dominate, traders looking to take advantage of it zero in on its biggest memecoin. “Dogekiller” Shiba Inu (SHIB) has cemented its position as the second-largest memecoin and the biggest among ERC-20 tokens.
The token reached a recent multi-month high of $0.00003329. Despite the recent correction, Shiba Inu was one of the stronger meme coin performers in the recent rally. Moreover, its yearly performance is still impressive, registering a 204.44% increase.
Source: CMC
As an integral part of the Ethereum ecosystem, Shiba Inu has a lot going for it. The team is continuously developing new utilities. For instance, the latest updates to the Shibarium layer 2 scaling network for Ethereum demonstrate continued progress.
Shiba Inu also benefits from its frequent token burns. On December 10, the daily burn rate was up 1000%. Notably, 51.76 million coins were sent to a burn address in just one day. As token burns continue, Shiba Inu will see increasing supply constraints, leading to long-term price stability.
For this reason, Ethereum traders see it as a relatively safe bet among memecoins. This makes it a popular choice in Ethereum-focused portfolios.
Chainlink’s Robust Tech Appeals To Investors
Aside from memecoins, traders are looking for tokens with strong utility. Due to its important use cases and integrations, the blockchain oracle network Chainlink (LINK) is a strong choice. Its recent integrations showcase its potential.
Most recently, Chainlink has integrated its protocols with Coinbase’s Project Diamond. Diamond is a crypto platform for major global institutions, under Abu Dhabi regulators. The new partnership will put Chainlink’s chain in charge of data integration and lifecycle management of tokenized assets on Diamond.
This news has propelled Chainlink up 17% in just one day, to its multi-year high of $28.24. The optimism surrounding Chainlink suggests that the token is gearing up for even bigger gains in the near future. Beyond that, its dominance in oracle technology suggests that Chainlink will continue to play a key role in the industry.
New Viral Token Cutoshi Breaks $1.36 Million In Investments
No crypto portfolio is complete without small-cap tokens with major potential upside. One of these tokens is Cutoshi (CUTO), which has recently attracted over $1.36 million in presale investments. This has given it trending status on X, attracting even more traders.
Cutoshi is a memeFi token, a blend of memes and DeFi. With this unique blend, Cutoshi hopes to make DeFi more accessible to regular traders and investors.
The meme coin market segment has been one of the biggest gainers this year, fuelled by retail traders who are excited over opportunities for big gains. Cutoshi, on its end, wants to introduce these traders to the world of DeFi and its benefits.
Cutoshi features a multichain DEX, which lets users retain custody over their crypto. At the same time, its holders will have a real say in how the ecosystem will work. Its focus on decentralization has the potential to bring meme coin traders to DeFi.
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
