1. Dogecoin miners reduce selling pressure
2. Shiba Inu’s profitability increases
3. Cutoshi redefines memecoin industry

The last quarter of 2024 is expected to be promising for the crypto market. Many tokens have started gaining, and are rising on the price charts. Investors are keenly observing Dogecoin, Shiba Inu, and Cutoshi for a significant bull run.

Dogecoin miners reduce selling pressure

The Dogecoin community is currently optimistic about the memecoin’s growth, despite the reduction in selling pressure by miners. According to data, miners have accumulated about 280 million Dogecoin tokens in the last 50 days. At the time of writing, these DOGE tokens are worth approximately $25 million. Experts believe that such accumulation indicates miners’ confidence in Dogecoin’s stability and future value. Meanwhile, the trading price of DOGE tokens has increased by more than 4% in the past seven days, currently standing at $0.11.

Shiba Inu’s profitability increases

Shiba Inu has been witnessing positive developments for many weeks, resulting in a surge in its price. Over the past seven days, the market price of Shiba Inu has increased by around 12%. Currently, a SHIB token is available at $0.000016. This momentum has significantly improved the profitability of SHIB holders. According to the latest data, around 49% of Shiba Inu investors are currently in the money. Experts believe it could grow further in the coming weeks because 73% of SHIB tokens are currently held by whales. Thus, if they continue to maintain their holdings, it will support the memecoin’s price movement.

Cutoshi redefines memecoin industry

While memecoins can offer a good crypto investment option, most (even the big ones like Dogecoin and Shiba Inu) are infamous for being highly volatile due to a lack of real-world tangibility. To address this issue, Cutoshi has entered the blockchain arena. It is a new memecoin inspired by the Chinese Lucky Cat and brings utility to facilitate the platform’s DeFi elements. The project’s ecosystem has several essential tools for users to grow and make profitable decisions, including Cutoshi DEX, Cutoshi Farming, Cutoshi Academy, Cutoshi NFTs, and Cutoshi Merch. Its multi-chain decentralized exchange (DEX) allows people to swap their cryptos directly across other blockchains. With Cutoshi farming, users can participate in various engaging activities and missions. Users can complete missions and collect Cutopoints, which will be redeemable for CUTO tokens, prizes or other rewards. These notable features have made Cutoshi the most trending new DeFi coin.

The last quarter of 2024 promises to be a significant period for the crypto market. Dogecoin and Shiba Inu continue to show positive results, while the new memecoin Cutoshi draws attention with its innovative approach to DeFi.