Shiba

Ethereum

Hybrid

Lucky Cat

Shiba Inu

Shiba Inu has seen a breakout performance recently, with traders looking at where it can go next. However, its rally will likely still underperform <a href="https://cutoshi.com/" target="_blank" rel="noopener noreferrer nofollow">Cutoshi</a>, an early stage project everyone is talking about.&nbsp;
<h3 id="strong-shiba-inu-breaks-key-support-targets-0-000030-strong">Shiba Inu Breaks Key Support, Targets $0.000030</h3>
The “Doge killer” <a href="https://shibatoken.com/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> has been on an upward momentum and is trending higher. The token has been riding the trend of meme coin bull markets, and even performing better than others.&nbsp;
In fact, in the last 30 days, Shiba Inu was up 23.71%, despite a decline in the past few days. After breaking key support of $0.00001680, SHIB is likely to go higher. This level was the 100-day moving average (MA), a crucial metric for quantitative traders.&nbsp;
If this momentum keeps going, Shib could continue to surge toward its March high of $0.00003556. The next support for SHIB is at $0.000030, which is a realistic next step for the token. With traders excited about the latest developments in the Shiba Inu ecosystem, many are expecting big moves.&nbsp;
One of these exciting developments is the launch of a potential Shiba Inu ETF in the United States. While US regulators are not favorable to altcoin ETFs, memecoins might have a better chance. So far, regulators have not been as heavy-handed in the enforcement of this asset class.&nbsp;
Currently, Shiba Inu is trading at $0.00001662, a bit below its 100-day MA. However, traders are optimistic about the token’s near-term performance.
<h3 id="strong-cutoshi-emerges-as-shiba-inu-competitor-strong">Cutoshi Emerges As Shiba Inu Competitor</h3>
While SHIB is still struggling to regain its earlier highs, Cutoshi (CUTO) is only going up. This token is in its presale phase, presenting a huge opportunity for traders who get in early. Cutoshi is a memecoin, but one with real utilitY.&nbsp;
This meme coin with a Chinese Lucky Cat avatar is unique. Like Shiba Inu, Cutoshi is building an entire DeFi ecosystem. However, what sets Cutoshi apart is that DeFi is its main focus. This project has strong values when it comes to decentralization and freedom, following Satoshi’s vision.&nbsp;
For this reason, Cutoshi is launching a multichain DEX, enabling anyone to trade without restrictions. It will also feature token farming, a burn mechanism, NFTs, and a learning platform. All these features are there to reward and support its holders.&nbsp;
Both SHIB and Cutoshi are also Ethereum meme coins. This gives them access to the largest DeFi ecosystem and the most traders. Because launching a meme coin on Ethereum costs more money than on other chains, the projects there are typically more serious. This is why Ethereum is still a gold standard for meme coins.&nbsp;
At a low presale price of just $0.022, Cutoshi could make new meme coin millionaires. With a low supply of just 440 million tokens, Cutoshi has a realistic shot of reaching $1. This is similar to SHIB’s performance in its early stages.&nbsp;
<h3 id="strong-conclusion-strong">Conclusion</h3>
Traders who missed Shiba Inu should check out Cutoshi. This new meme coin could make the next meme coin millionaires with its rapid rise.&nbsp;
For more information on the Cutoshi (CUTO) Presale:
<a href="https://cutoshi.com/" target="_blank" rel="noopener noreferrer nofollow">https://cutoshi.com/</a>
Join and become a community member:&nbsp;
<a href="https://twitter.com/CutoshiToken" target="_blank" rel="noopener noreferrer nofollow">https://twitter.com/CutoshiToken</a>
<a href="https://t.me/cutoshi" target="_blank" rel="noopener noreferrer nofollow">https://t.me/cutoshi</a>
The post <a href="https://www.ethnews.com/shiba-inu-price-targets-0-000030-in-crypto-recovery-hike-is-it-enough-to-compete-with-the-utility-hybrid-cutoshi/" rel="noopener noreferrer nofollow">Shiba Inu Price Targets $0.000030 In Crypto Recovery Hike, Is It Enough To Compete With The Utility Hybrid Cutoshi?</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Shiba Inu Price Targets $0.000030 In Crypto Recovery Hike, Is It Enough To Compete With The Utility Hybrid Cutoshi?

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