Cutoshi and Neiro: The Meme Coins That Are Challenging Shiba Inu's Dominance

Meme coins are at the center of the current bullish rally, and believe it or not, neither of the prominent players is in the picture. At the moment, all eyes are on Cutoshi and Neiro's impressive achievements.

Cutoshi and Neiro are currently the hottest meme coins in the crypto market, outperforming even Shiba Inu and surprising everyone.

Cutoshi, in particular, has already raised nearly half a million at stage presale, and is quickly approaching the $1 billion market capitalization.

According to experts, these tokens could rally from their current price with the expectation of doubling or even tripling in value.

Cutoshi Hybrid Exchange To Revolutionize Meme Coin Market

Cutoshi is an Ethereum-based meme coin that recently launched in the presale market. But it’s already tagged as the next 100x moonshot. This lofty prediction, alongside its hybrid MemeFi ecosystem, which features serious DeFi tools, has made it possible for the project to swiftly pull nearly half a million merely two stages into its presale campaign. At its core is the multichain DEX protocol.

This decentralized exchange was designed to simplify trading by allowing easy crypto asset swaps across multiple blockchains. An additional farming mechanism is included where users can participate in community-based challenges and quests to win points that can be redeemed for more tokens. As such, Cutoshi transcends beyond the “no utility” nature of most meme tokens. As a result, the project is poised to surpass other popular meme coins in no time.

Remarkably, Cutoshi is inspired by Satoshi Nakamoto’s vision of blockchain technology. With these principles, Cutoshi has created a learning academy to spread DeFi knowledge. Considering how such a move can trigger massive adoption, investors are purchasing $CUTO at $0.022. As such, they can capitalize on this intriguing opportunity before the price soars.

Will Neiro Break The $1 Billion Market Cap Barrier?

Neiro’s market capitalization has increased to over $800 million, sparking debate in the broader market on how soon it will surpass the $1 billion threshold. After achieving massive milestones, including an 18% price increase in a week, Neiro has outperformed several meme rivals like Brett and Popcat. Neiro technical indicators suggest a mixed momentum.

According to CoinMarketCap, Neiro’s price is hovering around $0.002033. This is a staggering 4,608% growth, swiftly moving from the price of $0.000039. The rapid growth can be attributed to its recent Binance listing that occurred in September. Additionally, Neiro’s success is due to the significant involvement of whales. Large investors have been accumulating the project, which pushed its price higher.

While experts are increasingly optimistic about the meme token, its technical indicators highlight mixed momentum. Neiro’s trading volume has seen a 30% outflow, reflecting increasing selling pressures. This further highlights that the Neiro token is bearish in the near term. Traders might want to keep an eye on any resistance levels that are forming above its current price to determine whether the Neiro coin could hit further gains.

Shiba Inu Price Prediction: Will It Overcome Critical Resistance Barrier?

After hitting a yearly high of $0.000045, Shiba Inu has witnessed multiple corrections, with recent momentum reflecting a possible trend shift. On September 18, Shiba Inu’s price broke out from its descending channel and horizontal range, triggering a price rally. However, its price reversed, quickly falling by 29% to trade at $0.000021 on October 3. However, it bounced 9% from the upper level of the horizontal support zone.

This bounce signaled a retest of the broken resistance, which could establish new support and trigger further upward movement. Shiba Inu’s hourly chart indicates that the meme token initiated an uptrend on October 6, which formed two sub-waves and developed wave three of a higher degree. However, it witnessed subsequent declines that threatened the five-wave pattern by re-entering the wave one region, which sparked speculations regarding the overall structure.

The Shiba Inu’s price could go either way, suggesting some short-term bullish momentum. SHIB token could continue with the five-wave pattern to reach $0.000023, or it could create a lower high and consolidate in horizontal support. Traders need to keep an eye on the $0.000019, a critical resistance level projected to minimize the current rise.

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