Shiba Inu Early Holders Spot Similarities With Meme Coin Cutoshi As Gains Are On The Horizon

Early investors of Shiba Inu (SHIB) have been keeping a close eye on Cutoshi, a new meme coin that’s showing familiar patterns to SHIB’s early days. With SHIB’s spectacular 1,381,096% rise since its launch, crypto enthusiasts are wondering if lightning could strike twice with Cutoshi.

While SHIB now commands a massive $10.5B valuation, Cutoshi sits at just $9M during its presale phase, presenting a similar entry point to what SHIB offered its early investors in 2020.

Shiba Inu Has The Blueprint For Meme Coin Success

SHIB’s journey from a simple dog meme coin token to a full ecosystem with DeFi, games, and more began with Ryoshi’s vision of “decentralized spontaneous community building.”

This philosophy proved revolutionary, as the project evolved beyond meme status to launch ShibaSwap, develop the Shibarium Layer 2 blockchain, and build a devoted community known as the Shib Army.

The project has shown commitment to both fun and functionality. With terms like ‘PuppyNet’, “Shiboshis’, and staking and reward tokens like ‘LEASH’ and ‘BONE’. But at the same time, developing serious DeFi infrastructure created a unique blend that attracted both casual investors and serious DeFi users. This dual-pronged approach has helped SHIB maintain relevance long after other meme coins faded.

Innovations from the team include:

ShibaSwap – A DEX for staking, liquidity, and token swapping.
Shibarium – Shiba Inu’s Layer 2 blockchain.
The Shib Magazine – Covering innovations and updates in the Shibarium ecosystem.
Shib Name Service – Digital identity system for multichain wallet addresses and Web3 usernames.
Shibacals – Service for transforming NFTs into physical collectibles.
Shiba Eternity – A collectible card game featuring Shiboshis.
Shib the Metaverse – A virtual world for purchasing land and creating immersive experiences.
The Shib Daily – A news platform providing updates and analysis on the Shibarium blockchain.