GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout

Shiba Inu Early Holders Spot Similarities With Meme Coin Cutoshi As Gains Are On The Horizon

Early investors of Shiba Inu (SHIB) have been keeping a close eye on Cutoshi, a new meme coin that’s showing familiar patterns to SHIB’s early days. With SHIB’s spectacular 1,381,096% rise since its launch, crypto enthusiasts are wondering if lightning could strike twice with Cutoshi.

While SHIB now commands a massive $10.5B valuation, Cutoshi sits at just $9M during its presale phase, presenting a similar entry point to what SHIB offered its early investors in 2020. 

Shiba Inu Has The Blueprint For Meme Coin Success

SHIB’s journey from a simple dog meme coin token to a full ecosystem with DeFi, games, and more began with Ryoshi’s vision of “decentralized spontaneous community building.” 

This philosophy proved revolutionary, as the project evolved beyond meme status to launch ShibaSwap, develop the Shibarium Layer 2 blockchain, and build a devoted community known as the Shib Army.

The project has shown commitment to both fun and functionality. With terms like ‘PuppyNet’, “Shiboshis’, and staking and reward tokens like ‘LEASH’ and ‘BONE’. But at the same time, developing serious DeFi infrastructure created a unique blend that attracted both casual investors and serious DeFi users. This dual-pronged approach has helped SHIB maintain relevance long after other meme coins faded.

Innovations from the team include:

  • ShibaSwap – A DEX for staking, liquidity, and token swapping.

  • Shibarium – Shiba Inu’s Layer 2 blockchain.

  • The Shib Magazine – Covering innovations and updates in the Shibarium ecosystem.

  • Shib Name Service  – Digital identity system for multichain wallet addresses and Web3 usernames.

  • Shibacals – Service for transforming NFTs into physical collectibles.

  • Shiba Eternity – A collectible card game featuring Shiboshis.

  • Shib the Metaverse – A virtual world for purchasing land and creating immersive experiences.

  • The Shib Daily – A news platform providing updates and analysis on the Shibarium blockchain.

In recent news, Shiba Inu has automated the process of their burning, helping to shore up prices.

Shiba Inu is currently the 13th biggest coin by market cap, up by 22% on the monthly chart and 144% on the yearly chart. 

Can Cutoshi Follow The Lucky Path?

Cutoshi is currently in stage 2 of its presale,  and appears to be following SHIB’s successful template while adding its own unique elements. Like SHIB’s connection to Japanese culture through the Shiba Inu dog, Cutoshi draws inspiration from the Chinese Lucky Cat and combines it with Satoshi Nakamoto’s vision of decentralization.

The project’s whitepaper outlines a comprehensive ecosystem, including: 

  • A p2p Cross-Chain Cutoshi DEX – for easy and private trading across blockchains.

  • Staking and Farming – to help investors learn and earn with DeFi.

  • Group Quests and Competitions – to unite the community.

  • A Utility-based NFT Collection – which will provide DeFi benefits like discounts on trading.

  • A Merch Shop – where token related items are purchasable with the native token CUTO.

  • A Learning Academy – helping people grow and integrate with the world of web3.

  • CUTO Burning – 7% of the tokens are reserved for burning, much like Shib’s burn system.

This is similar to SHIB’s expansion from simple token to full DeFi ecosystem. With one of the key factors being the utility of the CUTO token. The emphasis on community-driven development and governance also echoes SHIB’s successful approach.

Memecoins are inherently unpredictable but coins like Solana’s POPCAT returned over 10,000% in 2024, investors can see there is a lot of room for growth for Cutoshi. CUTO is currently at $0.022, up by 46% from stage 1 of its presale. 

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

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.  

Latest Press

post-thumbnail
News
4 hours ago
WhaleAlert Notes 200M DOGE Transfer, DOGE Rises Over 20%
The post WhaleAlert Notes 200M DOGE Transfer, DOGE Rises Over 20% appeared first on Coinpedia Fintec...
READ MORE
post-thumbnail
News
4 hours ago
Pendle Team Moves Over 2M Tokens Worth $11M to Binance
The post Pendle Team Moves Over 2M Tokens Worth $11M to Binance appeared first on Coinpedia Fintech ...
READ MORE
post-thumbnail
News
4 hours ago
Breaking: Bitcoin Reaches A New ATH Of $80K! More Room To Rise Further?
The post Breaking: Bitcoin Reaches A New ATH Of $80K! More Room To Rise Further? appeared first on C...
READ MORE
default post thumbnail
News
4 hours ago
Avalanche Nears Breakout – Top Analyst Sets $420 Target For AVAX This Cycle
Avalanche (AVAX) has surged over 40%, reaching a critical supply level that, if broken, could trigge...
READ MORE
post-thumbnail
News
4 hours ago
$1,400 On The Horizon? Solana Breach Of $200 Excites Analysts
Solana, the leading Layer 1 blockchain platform, has at last overcome the critical $200 barrier, giv...
READ MORE
default post thumbnail
News
4 hours ago
Dogecoin Price Hits New 2024 High: Here Are 2 Ways It Could Go From Here
The Dogecoin price action since the beginning of the week has been nothing short of impressive. Nota...
READ MORE
default post thumbnail
News
4 hours ago
Donald Trump Plans ‘Crypto Recovery Act’ – Here Are the Top Coins to Buy Now
Speculation is mounting that Donald Trump is preparing to unveil a major initiative to stimulate the...
READ MORE
default post thumbnail
News
4 hours ago
Analyst Reveals Bitcoin Key Support Levels For Reaccumulation – Details
The price of Bitcoin showed a highly positive reaction to Donald Trump’s emergence as the next US ...
READ MORE
default post thumbnail
News
4 hours ago
Ethereum’s Market Cap Lags $1 Trillion Behind Bitcoin (BTC): Here’s When ETH Will Catch Up?
As of 5 November 2024, Bitcoin has not only managed to maintain its status but has also expanded its...
READ MORE
default post thumbnail
News
4 hours ago
SUI Network Launches SnoozeCat: The Next Big Meme Coin Amidst Bull Run
SnoozeCat is here to wake up your crypto potential! Join our presale and Game Airdrop for exclusive ...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started