Altcoin season has officially begun, with meme coins taking center stage. Ethereum-based tokens Shiba Inu, Pepe and Cutoshi are among those making headlines. These tokens are some of the biggest gainers recently, with significant potential.
Shiba Inu Price Prediction Amidst Bull Run
The Shiba Inu Doge Killer (SHIB), one of the largest coins, showed its dominance. Amid a bull market, the token has reached monthly highs and appears poised to go even higher.
On November 14, amid an overheated bull market, Shiba Inu reached a multi-month high. maximum of $0.00002524. Shiba Inu is now approaching its March highs, when the meme coin market was at its highest. This comes after months of relative underperformance compared to other memecoins.
Source: CMC
The latest decision is important for Shiba, as it can provide new momentum. At this price level, 62% of portfolios have profitable Shiba Inu positions. Profitable portfolios have a significant effect on investor confidence, generating upward momentum. Additionally, the Shiba Inu’s technical specs are solid, especially its moving averages.
In a bullish scenario, Shiba Inu will break through its resistance near $0.000030, above its last all-time high. Beyond this level, Shiba Inu will encounter $0.0000341 levelequal to a Relative Strength Index of 80. Going beyond this level will likely be possible in some time as technical settings are reset.
Pepe eyes new ATH as whales pump
Ethereum-based meme coin Pepe has been one of the big winners in the cryptocurrency bull run. On November 14, the token broke its all-time high, reaching $0.00002524. Additionally, on-chain data and techniques suggest that the token is capable of growing much further.
At its current level of $0.00001989, Pepe has seen a Increase of 114.25% over the last 30 days. This impressive growth comes from the accumulation of whales. On November 22, a whale took $6.42 million from Pepe in a trade. Moves like these suggest traders are moving tokens to safer storage, taking a long-term investment view.
The techniques are also solid for Pepe. Its rapid growth has pushed the moving averages into a strong buy position. The charts have also recently displayed a bullish flag and pole pattern, indicating further potential increases. If Pepe can stay above the key support at $0.000022, one scenario sees it surpass $0.000035. This is above its ATH and a 60% increase from current levels.
Ethereum-based Cutoshi goes viral
Pepe and Shiba Inu aren’t the only Ethereum-based tokens getting attention. Most recently, a memeFi token, Cutoshi (CUTO) went viral thanks to its presale and DeFi ambitions.
On November 22, Cutoshi was trending on Twitter after raising $1 million for his DeFi ecosystem. The project aims to create a decentralized platform managed by its users. Complete with a multi-chain DEX, farming system, and learning center, Cutoshi wants to attract new traders into DeFi and move away from centralized exchanges.
One of the factors behind its success was a combination of the virality of meme coins and DeFi utility. On the one hand, meme coins are accessible to all traders, as they do not require much technical knowledge to invest. At the same time, the DeFi utility helps ensure the price stability of the token.
Building on the success of other Ethereum-based tokens like Pepe and Shiba Inu, Cutoshi could potentially make DeFi more accessible to average users.
For more information on the Cutoshi (CUTO) presale:
https://cutoshi.com/
Join and become a member of the community:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
