It’s been a tale of different fates for different altcoins as the crypto market becomes increasingly unpredictable. However, recent developments point to a period of stability for top meme coin, Shiba Inu (SHIB).

Elsewhere, experts are tipping a new meme coin, Cutoshi (CUTO), as one of the projects that could outdo the duo of PEPE and Shiba Inu (SHIB). Analysts are predicting a strong end-of-the-year bull run for the meme coin sector, and with Cutoshi bringing Defi and memes to the party, CUTO could be headlining the rally.

Uptober Optimism: Will PEPE Coin Join The Rally?

Pepe coin has a history of exciting rallies, and the meme coin has built a strong reputation as one of the top meme coins. With optimism building around ‘Uptober,’ PEPE is understandably one of the meme coins the crypto market would look up to for bullish inspiration. However, the recent performance of the PEPE price leaves some question marks on what to expect from it.

According to data from CoinMarketCap, Pepe coin’s highest point in the past one year came in late May when the PEPE price set a new ATH at $0.00001718. Many analysts believe that the PEPE price surge at the time only reflected the general crypto market’s bullish reaction to the Bitcoin halving news.

Despite recording periodic surges, Pepe coin has struggled to get anywhere near its peak. The coin is currently trading at a weekly 4% gain, but even that is still a distant -45.46% below its ATH. It remains to be seen how much the Uptober hype can influence the PEPE price.

Shiba Inu To Capitalizing On ‘Uptober’ Momentum

For some months now, Shiba Inu has struggled to impress on the price charts. The meme coin has been relatively mediocre for some time now, considering its status as the second-largest meme coin in terms of market cap. In fact, the last time the Shiba Inu Coin price recorded a serious spike was in March when it hit  $0.00003592. Since then, it has been a downward slope for Shiba Inu (SHIB).

However, a prediction by Shiba Inu (SHIB) marketing lead, Lucie, on X (formerly Twitter), has sparked some excitement around the project. Lucie tweeted on Wednesday that the SHIB coincould go up 1,000% in two to three days, citing the project’s developing and well-established ecosystem as a poten

Go to Source to See Full Article
Author: Crypto Daily