Shiba Inu Coin Price: SHIB’s New Partnership Results In 5% Surge, With A Rally On Horizon Investors Also Increase Floki And Cutoshi Holdings
The meme coin market has had a fair share of the bull market since the start of the year, with the last quarter holding enormous potential for yet another bull run. Notably, Shiba Inu (SHIB) and Floki Inu (FLOKI) are in the spotlight due to their potential for an imminent rally.
While Shiba Inu recently partnered with Mass Finance to enhance its ecosystem with AI-driven legal and fiscal solutions, Floki Network also announced its highly anticipated Valhalla mainnet launch date. Meanwhile, Cutoshi (CUTO), a fast-rising presale star, has been attracting enormous attention after it secured a listing on CoinMarketCap.
Cutoshi Teases Exponential Gains With Rapid Presale Progression
Cutoshi’s (CUTO) recent listing on CoinMarketCap, coupled with its presale achievements, including raising over $700K having almost completed its second presale stage, are not the only reasons for the growing interest. Cutoshi’s main attraction particularly lies within its hybrid ecosystem. Essentially, the hybrid MemeFi protocol upholds Satoshi Nakamoto’s Bitcoin core principles of decentralization, monetary freedom and privacy.
These principles serve as the foundation of the Cutoshi ecosystem which houses a DeFi hub consisting of intrinsic features like a DEX platform, a staking protocol and farming mechanism. In addition to its fully functional Cutoshi DEX which facilitates multi-chain crypto exchange, users can also explore Cutoshi farming for extra layers of incentives. There is also a dedicated Cutoshi Academy aimed at spreading DeFi knowledge to the masses.
What’s more interesting about this project is the native $CUTO token. The deflationary token serves as the primary mode of transaction within the Cutoshi ecosystem. While it also facilitates governing processes and reward distribution, CUTO’s self-sustaining attribute sets it apart from its peers. This also explains the growing interest in the presale campaign where each $CUTO token is currently sold at an ample price of $0.022 within its second stage which is 93% sold out.
Shiba Inu Price Stalls Despite Recent Partnership
In a recent development, Shiba Inu (SHIB) announced that it has teamed up with AI-powered platform, Mass Finance, in what appears to be a strategic attempt to expand its ecosystem to accommodate diverse users.
According to its social Mass Finance is poised to be the “Financial Layer of the Shiba State with AI-driven legal and fiscal solutions, supported by Stripe and others”. Although it is still unclear how exactly the partnership will impact Shiba Inu token value, there are speculation that it may add more utility backing for SHIB token.
Meanwhile, SHIB token is currently trading within a narrow weekly price range of $0.000017 and $0.000018, which reflects a neutral price zone. However, as seen in the monthly chart above, SHIB price had previously surged by 5% to a monthly peak of $0.000019 shortly after its partnership announcement before it eventually settled around its current price range.
Floki Valhalla Upcoming Mainnet Launch Teases Potential Upsurge
There has been a growing optimism in the Floki community ever since it announced the upcoming launch date for its Valhalla Mainnet. While the leading meme coin has been working towards expanding its ecosystem for several months, this latest development represents a significant step in that regard.
Meanwhile, the FLOKI ecosystem is expected to witness more traction as the launch date slated for 28th of November draws nearer. Currently, the native FLOKI token is trading within a weekly price range of $0.000014 and $0.000013, which reflects a little above 3% decline.
However, FLOKI price still maintains a generally bullish outlook when its year-to-date price trajectory is considered. With over 330% increase in the past year as seen in the chart above, FLOKI token still ranks among the top gainers this year. This positive outlook, coupled with its upcoming Valhalla mainnet launch is driving a bullish projection for Q4.
Can Cutoshi Lead Floki And Shiba Inu With DeFi Integration?
Although Shiba Inu and Floki are actively working on improving their offering beyond just being a meme coin, they are yet to fully actualize their ambitions. In contrast, Cutoshi is set to launch as a full-functional hybrid protocol with DeFi integration.
This approach alone positions it for rapid adoption which is already evident in the speedy progression of its presale. Furthermore, Cutoshi’s ongoing Halloween campaign offers up to 20% discount bonus on every token acquisition for a limited duration. This comes after early buyers have already secured about 46% price increase from the completion of the first presale stage.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
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