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<p class="is-style-lead">Dogecoin and Shiba Inu rallies created crypto millionaires; now, new meme coin Cutoshi blends community with utility.</p>
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   <li><a href="#shiba-inu-continues-triangular-consolidation" rel="noopener noreferrer nofollow">Shiba Inu: Continues triangular consolidation</a></li>
   <li><a href="#dogecoin-gaining-momentum-in-uptrend" rel="noopener noreferrer nofollow">Dogecoin: Gaining momentum in uptrend</a></li>
   <li><a href="#cutoshi-hot-new-memecoin-with-utility" rel="noopener noreferrer nofollow">Cutoshi: Hot new memecoin with utility</a></li>
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<p>The massive returns of <a href="https://crypto.news/price/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> and <a href="https://crypto.news/price/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> rallies have made many crypto millionaires. For a meme coin, a strong community is crucial to boosting the token’s valuation. Investing in meme coins provides traders with many opportunities to make huge profits quickly.</p>
<p>Recently, a new memecoin, <a href="https://cutoshi.com/" target="_blank" rel="noopener noreferrer nofollow">Cutoshi (CUTO)</a>, has been gaining popularity for its hybrid nature of a fun community and a practical ecosystem. Cutoshi could be the next token to replicate the performance of Dogecoin and Shiba Inu.</p>
<h2 class="wp-block-heading" id="shiba-inu-continues-triangular-consolidation">Shiba Inu: Continues triangular consolidation</h2>
<p>Launched at $0.000000000056 in 2020, Shiba Inu generated an enormous 157946000% return for investors who held the token until the All-time High (ATH) of $0.00008845, made around one year after its inception. Shiba Inu trades almost 80% below the ATH with a market cap of over $10 billion.</p>
<p>Shiba Inu trades at $0.0000186 after increasing by over 8% in the last 24 hours. The daily trading volume for Shiba has also surged by a whopping 200%. Shiba Inu trades above the 50-day SMA but is facing rejection again from the 200-day SMA, which it has been unable to break above for a long time.</p>
<p>SHIB has been moving in a triangular consolidation pattern for over a month. Today, the Shiba Inu price again tests the triangle’s upper trendline. Shiba Inu has been performing well recently, with the price increasing over 12% in the last four trading sessions.&nbsp;</p>
<p>However, SHIB will likely continue the consolidated price action as it faces considerable rejection despite the increased demand indicated by the volume.</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/solana-meme-coins-dogwifhat-competes-with-eth-based-meme-coin-cutoshi/"> Solana meme coins: Dogwifhat competes with ETH-based meme coin Cutoshi </a></p>
<h2 class="wp-block-heading" id="dogecoin-gaining-momentum-in-uptrend">Dogecoin: Gaining momentum in uptrend</h2>
<p>At its inception in December 2013, Dogecoin was valued at $0.00026. The memecoin saw massive demand due to its community, and the price rallied significantly. The ATH of $0.7376 made by Dogecoin in May 2021 provided early investors with over 283592% return on investment.</p>
<p>Dogecoin trades more than 75% below the ATH with the current market price of $0.1682. The market sentiment for DOGE is bullish, with an intraday price increase of over 12%. Dogecoin’s trading volume has also increased 75% in the last 24 hours.</p>
<p>Dogecoin has successfully started a new rally after breaking this year’s major downtrend over a month ago. Having surged over 28% in the last few days, Dogecoin shows bullish momentum.&nbsp;</p>
<p>The DOGE price moves quickly towards a key resistance level at $0.17578. If Dogecoin pulls back due to increased bearish pressure in the future, the price levels at $0.14992 and $0.13734 will likely act as strong supports, keeping the price from falling further.</p>
<h2 class="wp-block-heading" id="cutoshi-hot-new-memecoin-with-utility">Cutoshi: Hot new memecoin with utility</h2>
<p>In Asian culture, people decorate a lucky cat figurine in their homes to benefit from its powers of bringing prosperity and good wealth. Cutoshi is a project that brings the lucky cat’s powers to the blockchain to spread good fortune among digital assets.</p>
<p>Cutoshi is a utility memecoin that aims to increase DeFi participation with the help of meme culture and by providing practical functionality in its platform. <a href="https://crypto.news/ethereum-whales-tracking-popular-meme-coin-cutoshi-after-coinmarketcap-listing/" target="_blank" rel="noopener noreferrer nofollow">Cutoshi</a> has developed a democratized platform in which the power resides in the hands of the community members.&nbsp;</p>
<p>Cutoshi has placed a multi-chain decentralized exchange at the heart of the platform. The Cutoshi DEX allows users to swap assets across different blockchains at a low fee. Its decentralized nature offers increased security and privacy to users. The native token, CUTO, gives life to the ecosystem and guarantees the proper functioning of the platform features.</p>
<p>The token presale has progressed to stage two and has raised over $600,000 in this stage alone. CUTO is currently valued at $0.022 and is set to increase as the presale progresses to further rounds. This sets Cutoshi on the track to becoming the next successful memecoin.</p>
<p>For more information, visit the <a href="https://cutoshi.com/" target="_blank" rel="noopener noreferrer nofollow">official Cutoshi website</a> and join the community on <a href="https://twitter.com/CutoshiToken" target="_blank" rel="noopener noreferrer nofollow">X</a> and <a href="https://t.me/cutoshi" target="_blank" rel="noopener noreferrer nofollow">Telegram</a>.</p>
<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/ethereum-whales-tracking-popular-meme-coin-cutoshi-after-coinmarketcap-listing/"> Ethereum whales tracking popular meme coin Cutoshi after CoinMarketCap listing </a></p>
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Crypto traders say Cutoshi token mirrors the early success of Shiba Inu and Dogecoin

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