Shiba Inu has been attracting excitement over major project developments recently. Developers have once again teased the upcoming TREAT token, bringing new utility to its ecosystem. At the same time, Cutoshi is a utility meme coin that is attracting attention with its significant potential.
Shiba Inu Sees Bullish Momentum After Major News
The “Dogekiller” Shiba Inu (SHIB) has been one of the strongest projects this cycle. Recently, Shiba Inu saw a multi-month high of $0.000329. Currently at $0.00003057, Shiba Inu experienced 80% growth last month. Latest developments suggest that the token is still in a strong position to grow.
Source: CMC
The excitement over new project launches fueled a lot of Shiba Inu’s recent performance. According to the latest posts by Shiba Inu ecosystem lead, Shytoshi Kusama, Shiba Inu is finally unveiling the TREAT token.
https://x.com/ShytoshiKusama/status/1864026106841510051
TREAT token was out since 2022, but has not yet been released to the public. Its goal is to serve both as a meme coin and a utility token, playing a role in Shiba Inu’s governance. This means that Shiba Inu is adapting to the growing interest in utility tokens. In fact, technical projects have outperformed meme coins this season.
Technicals are very strong for Shiba Inu. Currently, both the simple and exponential moving averages are below the current price. This indicates bullish momentum for Shiba Inu. The oscillators are mostly neutral, but the momentum indicator is a buy.
MemeFi Token Cutoshi Eyes $1 Potential
The shift to utility in the meme coin space has benefited one trending meme coin. MemeFi token Cutoshi (CUTO) is attracting a lot of attention, thanks to its focus on DeFi and utility. The project’s ambitious goals already helped secure significant investments.
By December 4th, Cutoshi raised over $1.2 million in presale investments, just weeks after its launch. The token is currently in its 4th stage of the presale, increasing from its initial price of $0.015 to $0.031. As investors are increasingly focused on utility.
Source: Cutoshi
MemeFi Cutoshi combines meme coins with DeFi utility. It aims to build a decentralized ecosystem run by its community. At its center will be the Cutoshi Multichain DEX, aiming to make trading easier and more accessible than ever. The DEX will offer low fees, self-custody and an intuitive interface to make trading both secure and easy. These features align with its mission to educate regular traders about DeFi and its advantages.
Can Cutoshi Really Reach $1?
Still, while Cutoshi’s mission is noble, can it really go from $0.031 to $1? The key to this question is in Cutoshi’s tokenomics. The token has a fixed supply of 440 million and a built-in deflationary mechanism. Notably, a portion of Cutoshi DEX revenue will go toward burning the token.
From the standpoint of tokenomics, a $1 price target is ambitious, yet possible. At current market prices, a $1 target would put Cutoshi in the top 300 crypto assets. Ultimately, Cutoshi’s rise to $1 will depend on how well the DEX is going.
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
