With the memecoin markets once again heating up, traders are looking at their best bets. One question that traders often ask is when will this or that memecoin reach $1. In this article, we will compare Shiba Inu, Pepe Coin, and
Cutoshi
memecoin, to see who can reach $1 the fastest.
Shiba Inu Stabilizes After Strong Year
Doge-killer
Shiba Inu (SHIB)
has seen slight positive momentum recently. After dropping from its yearly highs in March, the token is recovering. SHIB posted modest gains in both daily, weekly, and monthly charts recently, climbing to $0.00001382.
These slight gains have put it at a
90.76% gain
year over year, an impressive performance. If the memecoin markets pick up again, Shiba Inu is definitely in a position to benefit. The question is, when can it go to $1?
Pepe Had an Impressive Year
The biggest Solana-based token
PEPE
is also recovering, seeing weekly growth of 3.77%. Currently at $0.000007579, the token is countering its previous negative trend since its May highs.
Launched just in December last year, Pepe drove the latest memecoin wave, reaching an all-time high of $0.00001718. Its performance after that time was mostly trending negative. Still, the token
lost 56.54%,
better than most others since their ATH.
In any case, just like Shiba Inu, Pepe will definitely benefit from a memecoin run. The only question is can it really reach $1?
New Token Cutoshi Setting High Expectations
Cutoshi (CUTO)
is a new memecoin that blends fun with utility. Its mascot is the famous Chinese Lucky Cat, an iconic symbol in many cultures. For that reason, Cutoshi wants to bring prosperity and fortune to all its holders. But the token is more than a memecoin.
Taking inspiration from the Bitcoin founder Satoshi Nakamoto, Cutoshi loves decentralization, security, and privacy. The token is launching its own decentralized exchange (DEX), to enable safe trading for its users. Just like Shiba Inu, Cutoshi is an Ethereum token, which has several benefits.
Adding to its utility, Cutoshi has generous rewards for its holders. For one, it offers high yields on staking, available even during the presale. What is more, it also rewards holders who compete quests, earn points, and engage in the community.
With a presale price of $0.015, Cutoshi is a great opportunity for traders who want to see it rise to $1. But there is one feature that makes its rise to $1 much more realistic.
Why Cutoshi Will Reach $1 Faster Than Shiba Inu and Pepe
All three tokens have their benefits. However, when it comes to the race to $1, Cutoshi is the clear winner. The main reason why Cutoshi is in a much better position to reach $1 than Pepe or Shiba Inu is its tokenomics. For example, Cutoshi has a fixed supply of just 440 million tokens. In contrast, Pepe has a supply of a whopping 420,69 trillion tokens. Shiba Inu’s supply is even higher, at 589.59 trillion.
For Cutoshi to reach $1, it would only have to have a market cap of $440 million. This is pretty manageable, as even the first 100 biggest tokens have a higher market cap. In contrast, if Shiba Inu or Pepe reached $1, their market cap would have to be $420,69 trillion and $589.59 trillion respectively.
As the total crypto market cap is just $2.1 trillion, these figures are simply impossible. Shiba Inu would have to be almost 400 times bigger than Bitcoin. Even if Bitcoin reached $1 million, it would still be smaller than Shiba at $1. This means that
Cutoshi
has a much more realistic shot at reaching $1.
For more information on the Cutoshi (CUTO) Presale:
https://cutoshi.com/
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
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加密界的風雲人物為何DeFi代幣Cutoshi可能先於Shiba Inu和Pepe Coin突破1美元