Recently, Shiba Inu has shown notable growth, attracting traders' attention. However, its success might be overshadowed by the new project Cutoshi.

Shiba Inu Breaks Key Levels

Shiba Inu (SHIB), known as the 'Doge killer', is riding the trend of meme coin bull markets. In the last 30 days, SHIB increased by 23.71%, despite recent declines. Breaking the key support level of $0.00001680, which is the 100-day moving average, opens the way for new highs. The token is expected to reach its March peak of $0.00003556 soon, with the next support level at $0.000030.

Cutoshi: New Competitor in Memecoin Market

Cutoshi (CUTO), currently in its presale phase, is emerging as a strong competitor to SHIB. While it's a meme coin, it presents significant potential due to its commitment to the DeFi ecosystem. Cutoshi plans to launch a multichain DEX, enabling unrestricted trading, and will support its holders through a token burn mechanism and NFTs. Due to its low presale price and limited supply, Cutoshi could mimic the success of other successful meme coins.

Conclusion

Traders who missed the opportunity with Shiba Inu might want to consider Cutoshi, which promises to become a leader among meme coins with its rapid expansion.

The development of Shiba Inu and Cutoshi indicates ongoing interest in meme coins in the crypto market. Both projects aim to carve out their niches with innovative approaches and community support.