Crypto Trading Popular Amongst 2024 Investors, Meme Coins Offer Highest Growth With Cutoshi Looking To Emulate Shiba Inu

October 24, 2024

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As of 2024 a Triple A report confirms that over 506 million people own cryptocurrencies, while a study shows that 40% of Americans own crypto, up 30% from last year. So what coins are investors trading?

We’ll be analyzing Shiba Inu to see how it became an overnight sensation, and Cutoshi, a newer entrant predicted the same success as SHIB In 2021.

Meme Coins Like Shiba Inu Reign Supreme In 2024

Without doubt, Bitcoin is the most famous, owned, and trusted crypto in the world, with a market cap of over $1.3 trillion, and currently accounting for over 50% of all crypto wealth.

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According to recent data from CoinMarketCap, meme coins like Shiba Inu accounted for the biggest share of traffic.

And so, not surprisingly, memecoins have been the best-performing sector of crypto in 2024, with a total market cap now exceeding $61B.

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In the graphic below, from CMC’s Q3 report, we can see how Shiba Inu is one of the most popular topics within the crypto meme world.

What Makes Shiba Inu So Compelling For Meme Coin Investors?

Although the dog token started off as a meme coin without utility, it began with a strong community that would later become the devout Shibarmy, active on social media and in real life.

From there, they began to grow their ecosystem, as well as encourage all kinds of fun participation from fans around the world.

The ShibaSwap, a basic DEX, was their first real DeFi offering. The community also began buy backs to burn SHIB to keep prices steady. Shiba Inu is community-led in many aspects and continues to focus on innovation and community engagement, with things like the entertaining TheShib.io newspaper to the upcoming Shiba Inu game.

The project, which is up 158% this year, and a mindblowing 31,971,410% percent since its inception, has a lot to teach about the right way to launch a memecoin.

Could Cutoshi Be The New Shiba Inu?

Like Shiba Inu, Cutoshi, a new project, seeks to mix the social power of memecoins with the inspiring possibilities of DeFi. Cutoshi is a new project, still in presale, with things on the right path, as it raises over $500K.

The meme is based on the Chinese Lucky Cat – the waving cat often seen in Asian shops. In their whitepaper, the Cutoshi team lay out their commitments to the principles of Satoshi Nakamoto, bringing autonomy and financial freedom to its investors.

The roadmap mirrors the early stages of Shiba Inu’s development – make an adorable meme, build a decentralized exchange, release utility-filled NFTs, offer yield farming and assemble a community through group activities and merch. Cutoshi’s Learning Academy, encourages users to fully partake in the ecosystem Cutoshi is building.

Cutoshi has a long way to go before they can reach the heights of Shiba Inu. But given that the token is in the second phase of presale, with a market cap of under 9M as opposed to Shiba Inu’s market cap of $10B, there’s a lot of room for positive price action.

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