Popcat, Ripple, and Cutoshi are three cryptocurrencies on investors’ radar. With the present bullish sentiment in the crypto space, investors are transforming their strategies to buy the most profitable coins.
Cutoshi, in particular, is generating new excitement as it prepares to dominate the DeFi sector, beginning with its grand presale.
Popcat claims new highs
Popcat (POPCAT) is a Solana-based meme coin. Like most meme coins, it was inspired by a viral internet meme. This particular meme features a domestic short-haired cat named Oatmeal. The cat’s mouth pops open and closed, creating a comical effect.
Interestingly, Oatmeal was later developed into a game where users click on the cat’s image to make its mouth open and close, to rank on a leaderboard. Now, on the Solana blockchain, the meme-inspired POPCAT has grown in price and impact, benefitting from community engagement and speculation.
Recently, the price of POPCAT has been hitting new all-time highs. According to a report by BeinCrypto, the uptrend could persist because buyers remain in control. The report explained what different indicators are saying about POPCAT’s price movement.
The Relative Strength Index (RSI) is currently at 62.32, indicating that there is still room for growth before the asset enters the overbought territory. Also, the Average Directional Index (ADX) remains solid, suggesting that POPCAT’s upward movement will likely continue in the short term.
As of press time, POPCAT is trading at $0.9868, a 70.66% increase in the past month. If the uptrend continues as the report claims, early buyers will keep counting profits. This is a sign that investors should buy new meme coins like Cutoshi for long-term profits.
Ripple gains in open interest
Ripple (XRP) is one of the oldest cryptocurrencies designed for international payments. It once wowed the crypto world with its legal victory over being tagged security by the SEC. The crypto project is generating new interest among derivatives traders as it tests its stablecoin, Ripple USD (RLUSD).
The payment remittance firm earlier announced that RLUSD is awaiting regulatory approval and is geared toward institutions, not individuals. XRP holders are excited about the development because RLUSD will lead to higher adoption of Ripple’s payment infrastructure and services, which could boost the usage and adoption of XRP.
FXStreet reported that open interest (a measure of market activity) in XRP jumped to a peak of $1 billion last week. Since then, it has corrected to $846 million. The coin is trading at $0.5873, a 5.86% increase in the past month.
Cutoshi predicted to be a 100x gem
Cutoshi (CUTO) is a new Ethereum meme coin that blends memes and DeFi. It has an excellent decentralized exchange (DEX) that connects various blockchains, allowing users to swap coins or trade across multiple chains quickly.
The Chinese Lucky Cat, known by the Chinese to bring good fortune to homes and businesses, inspired the creation of Cutoshi. Cutoshi aims to bring good fortune to the blockchain. In other words, early investors will likely reap significant rewards the more they interact with the platform.
Additionally, users will enjoy incentives for staking the $CUTO token or providing liquidity. Community members can also earn huge rewards in the form of $CUTO tokens for completing fun tasks and quests.
Another impressive feature of this project is the Cutoshi Academy, a learning platform that simplifies DeFi knowledge. All transactions in this ecosystem are done in the native token, $CUTO.
Investors who want to benefit from Cutoshi’s innovative nature can buy CUTO tokens in the ongoing presale at a discounted price of $0.015. Analysts believe Cutoshi is a 100x gem.
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