Shiba Inu (SHIB) Renews Focus on Its Decentralized Finance (DeFi) Ecosystem, Can It Hit $0.000018?

Shiba Inu (SHIB) is pursuing new growth triggers on the market, renewing its focus on its Decentralized Finance (DeFi) ecosystem.

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Shiba Inu (SHIB) is setting its sights on new growth triggers in the market, renewing its focus on its Decentralized Finance (DeFi) ecosystem. Launching Shibarium with the expectation of sustainable growth, Shiba Inu coin is finally showing signs of something big ahead in its DeFi world. Experts now hint that Shiba Inu’s price will hit $0.000018.

They also believe this new meme coin, Cutoshi, could follow the 2021 SHIB rally at presale, setting it among the biggest trends in the meme coin sector this year.

Cutoshi’s Hybrid Multichain Exchange Draws Investor Interest

Cutoshi has witnessed an influx of investors’ interest because of its presale performance and unique, innovative features. For context, Cutoshi has already raised over $400K in funds, with a projection of $1 million by the end of October. It introduces a meme-inspired token infused with DeFi functionalities. With the Lucky Cat as its mascot, Cutoshi intends to tokenize good fortunes and bring them to the blockchain.

Drawing on Satoshi Nakamoto’s teachings of blockchain technology, which include monetary freedom, privacy, and decentralization, Cutoshi is building a vibrant ecosystem driven by its community, where decision-making solely relies on its users. It features Cutoshi DEX, a hybrid protocol that allows the swapping of cryptos across multi-chains, evidently solving interoperability problems. Beyond CUTO DEX, the platform ensures its users earn complimentary rewards through Cutoshi farming.

To begin farming, investors will complete challenges and quests, earning points that can be redeemed for more $CUTO tokens. What’s more interesting is its deflationary mechanism, which fosters continuous token scarcity in the ecosystem. This limited supply will heighten buying pressures, evidently increasing the value of CUTO. At a low price entry point of $0.022, investors have a chance to capitalize on this intriguing opportunity before the price soars.

Can Shiba Inu Price Hit $0.000018?

Shiba Inu has remained in a dominant consolidation phase, with its price value trading in a close range over the past month. Despite the resurgence of SHIB whales, Shiba Inu’s price has been on a downtrend, paring off some of its recent gains. It has declined by 3% in 24 hours to trade at $0.00001702.

Usually, the Shiba Inu coin has always rebounded after an intense drawdown. This latest trend might follow previous moves. But this is unlikely since Shiba Inu is witnessing declining investor interest. Its large wallet investors have been shedding their holdings between September 10 to October 10. On the other hand, retail investors have continued to accumulate their holdings in the same time frame.

Typically, a drop in holdings for large investors signifies a bearish outlook for the altcoin. While Shiba Inu developers are committed to promising updates on the chain, its community members are optimistic, believing that Shiba Inu’s utility will continue to grow, impacting the value of the Shiba Inu token in the long term. However, the focus remains on rebalancing SHIB from its intense selling pressures. More importantly, it will revive growth metrics like the burn rate again.

Can Cutoshi Contend With Shiba Inu?

Like Shiba Inu, Cutoshi has some interesting DeFi features, a token burn mechanism, and solid community backing, which could help propel it to grow largely in the broader meme coin market. While it’s ambitious compared to Shiba Inu, Cuto

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