As Shiba Inu becomes the 10th largest crypto, following closely on the tail of Dogecoin, analysts ask if a rise to $0.01 is possible and likely. Dogwifhat also follows suit, up over 60% in the last week, as meme coins are pumping. New presale project Cutoshi, based on the Lucky Cat meme, impresses the community with the uptake of their quest farming. Which coin will go up most?
SHIB Eyes $0.01, But Is It A Realistic Goal?
Meme coins have been performing excellently in 2024, and coins like Doge, Shiba Inu, and Dogwifhat are now on the verge of going parabolic thanks to the pro-crypto stance of the president-elect. Memes in particular are benefitting due to Donald Trump and Elon Musk teaming up, with the former saying that he would put Musk in charge of the Department of Governmental Efficiency – or D.O.G.E.
Although this has yet to be confirmed, Shiba Inu and other meme coins are responding, with SHIB up by 44% this week.
Lucie, a Shiba Inu content marketer since 2021, believes SHIB could reach $0.01. She shared this on X earlier in the year, expressing confidence in the token’s potential to eliminate two decimal places.
Given Shiba Inu’s current price of $0.00002493, this would mean the coin would have to grow by over 38,000%. Although this seems easy when we look at SHIB’s price history and the price has increased so significantly, the coin is now much bigger, meaning that it’s much harder for it to grow.
If Shiba Inu were to hit $0.01 it would have a market cap of over $5 trillion. Given that the entire overall crypto market is sitting at just under $3 trillion, this seems either overly optimistic or a prediction for the far future.
Dogwifhat: The Kurdistan Cryptocurrency Joke That Went Too Far?
Dogwifhat has posted similar gains to Shiba Inu, up 60% over the last week. The coin peaked yesterday at $4.59.
Dogwifhat has a much smaller market cap than SHIB, meaning that more growth is possible. However, on the flip side, Dogwifhat is very unpretentiously just a meme coin, as it declares clearly on its website. “Literally just a meme coin’.
That said, there is an audio clip from someone on the website, saying that Masoud Barzani
(Former President of Kurdistan Region), has said Kurdistan is about to adopt Dogwifhat as a national currency.
However, this is almost certainly just another joke from the humorous team that is behind Dogwifhat.
Cutoshi’s Community-Driven Farming Takes Off
Cutoshi is a meme coin, but what sets it apart from Dogwifhat is that it has lasting potential, as it is also planning to become a DeFi hub. This is because the Cutoshi team is following in the footsteps of coins like Shiba Inu, by building in real utility to their coin and ecosystem. They believe in the power and importance of decentralization, accessibility, and financial autonomy that DeFi makes possible.
And the first phase of their DeFi plan has just launched – a community-based token farming venture.
Investors, and even those who haven’t bought into the presale, can now take part in various quests to earn $CUTO tokens, from joining socials to creating memes and taking short quizzes. Over 1500 people have already taken part in the three days since the farming platform went live. This shows how bullish people are feeling about the platform.
Like Dogwifhat, Cutoshi understands that fun is an important way to build a community, and so the next step is to gamify the process, with a public leaderboard and prizes for the top spots.
$CUTO is the native token of the ecosystem and is up by over 70% since the launch of the presale. With various utilities in the Cutoshiverse, and a cute and clever meme to back it, things are looking good for the project both in the short and long term.
Given the tiny market cap of the project (roughly $11 million), Cutoshi has the biggest room for growth out of Shiba Inu and Dogwifhat.
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