Shiba Inu Coin Price Prediction: Crypto Whales Dive Into SHIB, Pepe And Innovative New DeFi Coin Set For Mega Pump | Bitcoinist.com

The altcoin season has officially started, with meme coins taking center stage. Ethereum-based tokens Shiba Inu, Pepe and Cutoshi are among those making headlines. These tokens are among the biggest gainers recently, with significant potential

Shiba Inu Price Prediction Amid Bull Run

Doge-killer Shiba Inu (SHIB), one of the biggest meme coins, has shown its dominance. Amid a bull market, the token reached monthly highs and seems poised to go even higher

On November 14, amid an overheating bull market, Shiba Inu reached a multi-month high of $0.00002524. Shiba Inu is now approaching its March highs when the meme coin market was at its highest. This comes after months of relative underperformance compared to other memecoins

Source: CMC

The latest move is significant for Shiba, as it can drive further momentum. At this price level, 62% of the wallets have profitable Shiba Inu positions. Wallets in profit have a significant effect on investor confidence, driving bullish momentum. Moreover, technicals for Shiba Inu are strong, especially its moving averages

In a bullish scenario, Shiba Inu will break through its resistance close to $0.000030, above its latest all-time high. Beyond this level, Shiba Inu will run into the $0.0000341 level, equal to a relative strength index of 80. Going beyond that level will likely be possible in some time, as the technicals reset

Pepe Eyes New ATH As Whales Pump

Ethereum-based meme coin Pepe was one of the big winners of the crypto bull run. On November 14, the token broke its all-time high, reaching $0.00002524. Moreover, on-chain data and technicals suggest that the token is in a position to grow much more

At its current level of $0.00001989, Pepe has seen a 114.25% increase in the last 30 days. This impressive growth comes from whale accumulation. On November 22, one whale withdrew $6.42 million of Pepe from an exchange. Moves like these suggest that traders are moving tokens to safer storage, taking a long-term view on investment

Technicals are also strong for Pepe. Its fast growth has pushed moving averages to a strong buy position. The charts have also recently displayed a bullish flag and pole pattern, indicating potential further increases. If Pepe can stay above the key support of $0.000022, one scenario has it breaking $0.000035. This is above its ATH and a 60% increase from current levels.

Ethereum-Based Cutoshi Becomes Viral

Pepe and Shiba Inu are not the only Ethereum-based tokens that are getting attention. More recently, a memeFi token, Cutoshi (CUTO) went viral thanks to its presale and DeFi ambitions.

On November 22, Cutoshi was trending on Twitter after raising $1 million for its DeFi eco. The project aims to create a decentralized platform run by its users. Complete with a multichain DEX, a farming , and a learning hub, Cutoshi wants to bring new traders into DeFi and away from centralized exchanges

One of the factors behind its success was a combination of meme coin virality and DeFi utility. On the one hand, meme coins are accessible to all traders, as they don’t require a lot of technical knowledge for investment. At the same time, the DeFi utility helps to give the token price stability

Riding on the success of other Ethereum-based tokens like Pepe and Shiba Inu, Cutoshi could potentially make DeFi more accessible to average users

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