Expert analysis of how SHIB, BONK, and Cutoshi are shaping crypto trading today

Cutoshi, Shiba Inu, and Bonk are top choices for traders this year, as they each offer unique features and strong community support that attract investors.

Memecoins have positioned themselves as one of the top digital assets in the world. According to Murad, both Ethereum and Solana meme coins are witnessing massive growth. With the market being in the early stage of the meme coin supercycle.

While Shiba Inu and Bonk have dominated the meme coin space for some years, Cutoshi appears to be preparing to rival these top guns. The new Ethereum-based meme coin is on a mission to reshape the $58b meme coin market through its utility-backed coin. With the growing demand for the CUTO token, experts think it will hit $1 sooner than anticipated. 

Cutoshi emerges as top pick for crypto whales

While Shiba Inu and Bonk remain front runners, Cutoshi could spring a surprise with its utility token that blends fun meme coin and DeFi functionalities. At the heart of the Cutoshi ecosystem lies the Cutoshi multichain DEX, which permits easy swapping of assets across various blockchains, solving issues of interoperability, security, and privacy concerns in CEX exchanges. 

Apart from this, Cutoshi boasts of a learning Academy dedicated to educating members about DeFi principles and the crypto market in general; Cutoshi Farming, where CUTO tokens are offered as rewards to members who partake in tasks. All these features are designed to foster community development and interaction. 

Inspired by the traditional Chinese Lucky cat, Cutoshi wants to bring luck, prosperity, and wealth to digital assets while following Satoshi Nakamoto’s vision for blockchain technology. At $0.022, investors can buy CUTO token at stage 2 presale and position themself for an exponential rally in the coming weeks. Experts see Cutoshi as the next SHIB and forecast 50x growth before the end of 2024. 

Shiba Inu price expected to soar soon 

Shiba Inu positive price movement has impressed several experts. Based on stats from CoinMarketCap, Shiba Inu price soared 31% in the past month. This impressive run has increased the expectations of many investors. 

Top meme coin trader Chiara Promos observed that the Shiba Inu coin has broken out of a bullish channel and is poised for a potential rally. Using a 60-minute chart, the trader observed a second accumulation phase forming a triangle. According to the expert, key resistance levels to watch are $0.0000186494, $0.0000196923, and $0.0000209399. When these levels are cleared, the coin could soon head towards $0.000027.

Source: ChiaraPromos on X

Shiba Inu technical indicators show that the memecoin has broken out of the $0.000018 key resistance trendline with the coin flipping the 50-day SMA. With the massive surge in the Shiba Inu token burn rate in the past 24 hours, a retest of the $0.000020 mark is possible in the coming days. 

Bonk’s recent price surge sparks hope among token holders

Bonk’s recent price rally is good news for investors seeking a valuable coin this October. According to CoinMarketCap stats, Bonk’s market cap has increased by 10% to over $1.60b in the past day. Also, the price of Bonk gained 39% in the past week, which shows that the meme coin is on an uptrend. 

Crypto Titans, a crypto trader on social media platform X, believes Bonk Coin is going to fly after breaking out on the 1D timeframe. The expert believes a meme run and alt run will happen soon and that the Bonk price will soar by 10,000% compared to last year’s price.

Source: The Crypto Titans on X

Meanwhile, Bonk is performing exceptionally well, as it recorded 17 green days in the past month. However, the Bonk fear and greed index is neutral as the meme coin nears the overbought zone based on the RSI.  Meanwhile,  Coincodex website remains bullish with a positive  226% Bonk price prediction in the short term.

Conclusion

Meme coin’s growth potential is unmatched in the crypto world. Although Shiba Inu and Bonk remain good coins based on current performance, Cutoshi is an ideal alternative. Driven by a non-custodial exchange, CUTO could hit 100x in 2025. 

For more information on the Cutoshi presale, visit the website: https://cutoshi.com/

Join and become a community member: https://twitter.com/CutoshiToken, https://t.me/cutoshi