While the crypto market is continuing its turbulent pace, two familiar names attract renewed attention –Shiba Inu (Shib) And Cutoshi (cuto). One is a well -known piece of memes sailing in an extended price crisis. The other is an increased construction project of construction tools by emphasizing confidentiality and decentralization. Although their strategies differ, the two provide updates that may have an impact on the feeling of the market in the coming weeks.
Shiba Inu is struggling to free up
The value of the Shiba Inu (SHIB) remains constant at $ 0.00001192, which is quite different from $ 0.00002192. It was at the beginning of 2024. This major drop meant that only 20% of holders are in money, according to health data. A few months ago, the figure was 91%.
However, the prospects are not dark: burnt shib chips have experienced a spectacular increase in volume. Shibburn data show that the daily burning rate increased by 3 206%, with 30.1 million tokens destroyed from existence. Although this does not necessarily mean that prices will increase, the slow reduction in supply can only help stabilize or increase the value of the token as long as there is no drop in demand.
- Key price zone: This is considered a significant level of support because the price is negotiated approximately 0.00001192 for several days in a row.
- Profitability concerns: Currently, only twenty percent of all SHIB holders are in money, which shows how weak the token is in the recent past.
- Possible upwards: If the burns rate continues to increase and the feeling of the market becomes positive, then Shiba Inu can try to bounce back. As always, timing is difficult to predict, especially in a cryptography market known to be quite volatile.
Cutoshi makes a new exchange website
On the other hand, Cutoshi has published the Cutoshi exchange site which allows users to exchange their digital assets without having to connect their portfolios. This new approach is supposed to give people an agency feeling about their money, without having to go through traditional third -party integrations.
What makes Cutoshi Swap so special?
- Portfolio -free option
It is possible to manage exchanges without really linking a portfolio, which increases anonymity and decreases the unauthorized chances of access. - Transversal procedure
Users can easily transfer assets between various blockchain networks thanks to the platform’s multiple blockchain support. - No assets restriction
The decentralized principles are faithful to the form, and the platform has very few restrictions, which means that fewer tokens are put on black list. - Complete autonomy
Indeed, users have their private keys with them, which means that they do not have to count on centralized exchanges.
If you are interested, you can check Cutoshiswap.com And register for the waiting list to be informed when the DAPP swap is posted.
Take -out
Even if Shiba Inu and Cutoshi are different entities, their latest news shows that cryptographic space is still evolving. The Shiba Inu burns program can help stabilize or even increase the price of the shib token if investors regain confidence. In addition, the swap function without a cutoshi portfolio seems well placed to call on those who want more intimacy and more channels.
- Shiba Inu: It will take more than chip burns to get out of the current price area, but this wave of burns could be the first sign of better times.
- Cutoshi: The approach of the new site can very well attract many users who are looking for asset management of less complicated and more self-service assets.
In a constantly evolving market, projects that approach the real pains of users tend to do well longer than those who are simply excited. Shiba Inu is on the side of the offer, Cutoshi is betting on privacy and accessibility – which could both be good in a competitive crypto space.
Discover more on Cutoshi:
Website: Cutoshi.com
Twitter (x): @Cutoshitoken
Telegram: T.me/cutoshi
