The effect of Ripple Network’s legal tussle with the SEC on the native XRP token can not be overemphasized. Specifically, XRP prices have faced noticeable fluctuations all-year-round, with the ongoing court case compounding its woes. However, in the past 6 months, Ripple (XRP) has managed to retain over 8% of its gain as observed on TradingView.
Meanwhile, as Ripple coin continues to navigate harsh market conditions, Cutoshi (CUTO) is drawing enormous attention. The new gem is stealing the spotlight as analysts predict it to be the next 100x meme coin set to outperform top altcoins like Ripple by 2025.
Cutoshi (CUTO)— The Bullish Presale Star With Vast DeFi Potential
Based on the Ethereum network, Cutoshi (CUTO) is a MemeFi platform that focuses on DeFi adoption and community-based reward mechanism. Notably, the hybrid protocol prioritizes Satoshi Nakamoto’s Bitcoin core principles of decentralization, privacy and monetary freedom, all of which allow an effective blend of meme coin and DeFi attributes.
As such, Cutoshi’s ecosystem houses lucrative features like a DEX platform where its users can swap cryptocurrencies across multiple blockchains. Additionally, there’s a staking protocol and a community-based token farming mechanism that allows users to complete games to win extra tokens alongside complementary NFTs and Merchs. Likewise, Cutoshi hosts a learning Academy to teach people about DeFi— a solid adoption strategy.
Meanwhile, Cutoshi is enjoying the spotlight in the meme coin presale market. With over $350k initially made in its first presale stage and nearly $500,000 now accumulated in total, investors are joining in on this meme coin’s movement as they rush to buy its deflationary token, $CUTO at a current selling price of $0.022– a 46% spike from its last price at $0.015.
Ripple Holders Reacts To XRP Price’s Little Pumps Amidst SEC Appeal
Following bearish sentiment from SEC’s appeal, Ripple (XRP) coin has remained relatively low for most part of the year. However, the price of XRP hasn’t been entirely dormant, considering its 8% jump over the past six months, establishing itself as a strong asset still.
According to the chart above, it can be seen that the price of XRP rose up significantly at the end of September, over $0.65– a crucial milestone it hasn’t crossed since April. While Ripple price has subsequently navigated a bearish and is showcasing nearly 8% month-long decline, its holders are optimistic for a major recovery.
Although XRP token is still trading below the resistance level around $0.540, the recent uptick from $0.525 to the level above $0.538, coupled with a bullish 10-day EMA, suggests a potential price outbreak. Should this happen, experts think it could spark a major price recovery. However, the resolution of the SEC’s appeal on Ripple Labs would be needed for this to happen.
Can Cutoshi Hit $1 Before Ripple Coin?
The $1 milestone is more likely to be achieved by Cutoshi before Ripple. For starters, Ripple already has a deadweight which happens to be SEC’s appeal. This can potentially slow its momentum to $1.
On the flip side, Cutoshi is a fast rising MemeFi platform with attractive DeFi features to capture more attention. Additionally, its position as a presale token places it in front of endless possibilities for exponential gains, potentially outperforming most top altcoins by 2025.
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