Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Meme coins like Cutoshi, Shiba Inu, and Brett are trading at undervalued levels, presenting high-growth opportunities this crypto season as they aim to replicate Dogecoin’s success.
Many cryptocurrencies, especially meme coins, are trading at undervalued prices despite the bull market. These meme coins can generate large profits in this crypto season as they show high growth potential. The top three meme coins, Shiba Inu, Brett, and Cutoshi, are trading at lower prices and potentially can replicate the gains of Dogecoin.
Cutoshi prepares to lead the meme coin pack
While major meme coins have performed well, hype-based rallies have become a risk factor for investors. There are utility meme coins like Cutoshi, which make their moves due to the strong fundamentals and backing from the community. Cutoshi is a major contender in the MemeFi space, aiming to reduce the gap between traditional and digital finance.
Bitcoin’s ideals inspire Cutoshi to spread decentralization globally and create a more efficient economy. Cutoshi fulfills these dreams with various utilities in its ecosystem. Cutoshi introduces an advanced DeFi ecosystem with standout features like a multichain DEX. This allows users to swap and trade crypto assets seamlessly across multiple blockchains. Users can earn attractive rewards through the Cutoshi Farming initiative by actively engaging with the platform.
The Cutoshi Farming protocol rewards participants with points that can be exchanged for free Cutoshi tokens. Impressively, over 1,300 users joined within the first 48 hours of its launch, highlighting the project’s rapidly growing community. Early supporters and competition winners will also receive NFTs as complimentary rewards.
Cutoshi created Cutoshi Academy to simplify essential concepts because crypto can be intimidating for beginners. The Academy helps newcomers grasp trading basics, build robust portfolios and avoid common mistakes.
Cutoshi has launched a meme contest with a $2,000 prize pool. The top ten meme creators will share the rewards. To participate, create engaging memes, tag @CutoshiToken, and use the hashtag #CutoshiMeme. To learn more, head over to the official X account.
Early adopters can purchase CUTO tokens during the presale for $0.0259. This Ethereum-based meme coin is predicted to rival Shiba Inu and Brett shortly.
Shiba Inu surfs 10-day moving average, breakout soon?
From the breakout on 9 November, Shiba Inu increased nearly 50% before topping out on 12th at the high of $0.00003. After the correction from the top, SHIB has failed to regain strength. However, it trades above the short-term moving averages of 10 and 20. While it has taken support from the 10-DMA several times, it has only touched 20 twice, which indicates that the coin still has strong buying power.
According to technical analysis, Shiba Inu is trading inside the triangle pattern, which will work out as a bullish continuation pattern if it breaks out from the upper resistance. The breakout level of this triangle pattern coincides with the $0.000025 resistance level, which is the major level to watch in the next few days.
The first target for the SHIB price is $0.00003, the recent swing high. The next target could be the March resistance level of $0.000032. If it breaks down, the major support levels are $0.000022 and $0.00002.
Brett trades in bullish flag pattern
In technical analysis comparison, Brett has shown stronger strength than Shiba Inu but lags behind Cutoshi. After the rally in early November, Brett has been trading in a bullish flag pattern. This flag pattern in Brett has a depth of 15% and a duration of 14 days. Currently, the price is near the breakout level. If buyers take control, the recent swing high might be taken out.
Brett’s relative strength index is at 67, near the overbought zone, but it might go higher if the price breaks the near resistance levels. The MACD is showing mixed signals as the MA lines are flat. The change in direction of the MA lines will further decide the direction of Brett’s price.
To learn more about the Cutoshi presale, visit the website. Join and become a community member on Twitter and Telegram.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Read the full article here