Crypto Bull Cycle Shines Spotlight on Trending ERC 20 Token with SHIB and BONK Still Proving Reliable Meme Coins to Buy Now

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/Cutoshi/ – Meme coins are demonstrating surprising resilience amid the market-wide correction, with Shiba Inu (SHIB) and Bonk (BONK) leading the rebound. These two projects in particular distance themselves from the mass of memes as they adopt a utility-driven approach, which gives them an undeniable edge when compared to meme coins that are solely reliant on hype to survive.

Cutoshi (CUTO) , a newcomer, is also gaining significant traction with its unique MemeFi ecosystem that leverages a cutting-edge, cross-chain platform and a revolutionary reward mechanism. Investors are taking notice as the $CUTO token has been in up-only mode since the start of the presale, with early adopters already enjoying over 106% gains.

Shiba Inu Bounces Back After Retesting Bottom, What’s Next?

Over the last week, Shiba Inu’s momentum waned as it failed to flip the $0.000032 level into support. After several attempts, Shiba Inu experienced a deep pullback, worsened by the market’s downturn. However, after it briefly tapped the $0.000025 bottom, buying pressure started mounting, Shiba Inu recovered by 6% and is now trading at $0.000028.

Trader and analyst Astekz has drawn attention to a multi-month cup & handle formation that is taking shape on Shiba Inu’s weekly chart. A breakout from here could send Shiba Inu skyrocketing and lead to a potential reclaim of the $0.000040 level by the end of the year.

This bullish thesis is also supported by the surge in activity within the Shiba Inu ecosystem. Shiba Inu’s Layer 2 blockchain, Shibarum, has just reached two major milestones, with over 2 million active addresses and 500 million transactions processed. These remarkable numbers highlight growing community engagement, which could directly translate into a massive upward move in the upcoming weeks.

Bonk’s Recovery Continues

Bonk has also experienced significant disruption after reaching a new all-time high of $0.000059 in late November. Since then, Bonk retraced by nearly 40% amid the Bitcoin flash crash that led to a surge in volatility across the board. At the time of writing, Bonk sells for $0.000038 following a 5% intraday increase. The 38% decrease in Bonk’s volume suggests that market participants have taken a step back for now. In the last 24 hours, roughly $622 million worth of BONK has been traded on exchanges.

Recently, Bonk kickstarted the #LetsBONK campaign, encouraging holders to share the hashtag on social media. For every share 1000 BONK tokens will be burned and for every new follow across all platforms, 10,000 tokens will be removed from circulation. The goal is to burn at least 1 trillion BONK by December 24, creating a massive supply shock that could send the Bonk price into the stratosphere.

This recent flush also helped reset Bonk’s overheating RSI indicator, which currently sits in neutral territory at 44 points on the daily timeframe. This means that sellers are getting exhausted while bulls are cautiously stepping up their game.

Cutoshi Turns Heads with Farming Mechanism

Ethereum-based Cutoshi is born at the intersection of meme energy and DeFi utility. Via the CUTO DEX exchange, users will be able to seamlessly swap assets across all major blockchains at the lowest fees possible. Moreover, users don’t have to give up sensitive data or rely on middlemen, as the exchange is completely non-custodial.

Just like Japanese Lucky Cats bring good fortune to businesses and households, Cutoshi seeks to bring good fortune to the blockchain and the Cuto community. The Cutoshi Farming initiative allows individuals to participate in various missions and tasks aimed at expanding Cutoshi’s social media reach. For their efforts, they will earn Cutopoints, which can be later exchanged for $CUTO tokens.

Over $1.36 million has been raised in the ongoing presale, which is currently in its fourth stage. $CUTO tokens are now available for $0.031, a perfect entry point for a project with the potential to outshine both Bonk and Shiba Inu in terms of gains in 2025.

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