With the promising alt season approaching, meme coins are showing significant potential. Focusing on key players like Shiba Inu (SHIB), Book of Meme (BOME), and the emerging Cutoshi (CUTO).
Shiba Inu (SHIB) Set to Surge in Q4
Bitcoin dominance has fallen to 56.6%, and according to Kucoin, meme coin trading volumes have been rising, surpassing $641 million in March 2024. Recently, a major event—ShibaCon endorsed by Kusama—saw over 2.37 billion Shiba Inu burned in September, driving its value up by 25% in the last 30 days, backed by technical buy signals. Currently, SHIB trades at $0.00001697.
Book of Meme (BOME) Expected to Thrive in Alt Season
The Book of Meme (BOME) is positioned for success with the potential alt season. Its current trading price is $0.0064, gaining 8.68% in the last month. The market notes it as undervalued with an RSI of 44. Recent integration into PengyOS has boosted its adoption level. Over the past year, BOME has increased by 598%, with further growth expected by analysts.
Cutoshi (CUTO) Expected to 100x
Cutoshi is a new meme token focusing on utility, promising significant returns through its multi-faceted offerings, including DEX, token farming, NFTs, and a crypto academy. Given concerns about asset control post-FTX collapse, Cutoshi’s DEX emphasizes security and privacy, helping users retain asset control. Experts indicate a potential price surge, as CUTO aims to surpass SHIB and BOME with significant growth prospects.
As the DeFi market is projected to grow to 48 billion by 2031, cryptocurrencies like SHIB, BOME, and CUTO show promising potential for value appreciation, appealing to crypto enthusiasts.