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Home Blockchain

Why Ripple XRP And Viral New Altcoin Are About To Enter Parabolic New Growth Stage

by DigestWire member
November 22, 2024
in Blockchain, Crypto Market, Cryptocurrency
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Why Ripple XRP And Viral New Altcoin Are About To Enter Parabolic New Growth Stage
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The post Why Ripple XRP And Viral New Altcoin Are About To Enter Parabolic New Growth Stage appeared first on Coinpedia Fintech News

Ripple (XRP) has again taken the spotlight and this time for reasons other than excruciating legal battles with the SEC. Despite its triple-digit monthly growth, Ripple’s run appears far from over as it enters its euphoric stage. 

Another project that has been flying under the radar has started gaining significant traction — Cutoshi. This is a newcomer in the meme coin space that leverages cutting-edge DeFi utility and is currently still in presale. Judging by the growing number of investors flocking to get an allocation, it could soon become one of the best plays of 2025.

Ripple Volume Skyrockets With A 25% Surge

With Donald Trump winning the US presidential elections, Ripple holders had a field day, as XRP soared by over 109% in less than a month with a near-vertical breakout from its trading channel around $0.51.

The president-elect has stated numerous times that he intends to officially turn the United States into the world’s biggest crypto hub, focusing on promoting the development and adoption of blockchain technologies. This of course means a new, comprehensive regulatory framework, which will greatly benefit Ripple, as one of its main woes has been the draconian crackdowns by the SEC.

Recently, Ripple Labs announced the release of the proprietary stablecoin RLUSD. This is expected to further expand adoption and put Ripple at the forefront of the stablecoin space, which is expected to grow to $3 trillion in the upcoming years, as demand for stablecoins continues to rise. Moreover, Ripple has started exploring the possibility of launching a Dirham-backed stablecoin, with the support of the United Arab Emirates’ Central Bank. 

These developments galvanized the Ripple community, as reflected by the explosive price action of XRP, with over $7 billion in trading volume recorded in the last 24 hours. At press time, Ripple sells for $1.19 with a 3.5% intraday increase, with the chart showing a clear path for bullish continuation. 

Analyst Clifton FX has pointed out on X that in the 2-hour timeframe, Ripple is completing a bullish pennant pattern that could send XRP to new heights in the upcoming days.

Cutoshi, The Luckiest Cat On The Blockchain Is Rewriting The Meme Coin Script

The Lucky Cat of Japanese legend is said to bring good fortune to businesses and households. This is where Cutoshi draws inspiration from as it seeks to bring prosperity to its flourishing community with a groundbreaking reward system. Simultaneously, Cutoshi’s roots delve into the foundational principles of blockchain, as this meme coin embodies the values of privacy and decentralization that inspired Satoshi Nakamoto to create Bitcoin.

CUTO DEX is at the heart of the Cutoshi ecosystem. This is a novel cross-chain exchange that will allow for seamless transactions across all major blockchains. This means near-instantaneous speeds and just 0.25% in fees. 

Via the Cutoshi Farming initiative, users will have the opportunity to earn generous monetary incentives the more they engage with the project. In order to spread awareness about Cutoshi and boost its online presence, they will be tasked with completing various missions and quests. For their efforts, they will receive CUTO points which can later be redeemed for $CUTO once the token launches. Additionally, they can also stake their $CUTO and enjoy a passive income stream, while doing their part in supporting the ecosystem.

Stage 3 of the $CUTO presale is now underway and so far, nearly $1 million has been raised in record time. $CUTO is priced at just $0.0259, which is an ideal entry point, as substantial increases are expected in the upcoming weeks. Investors who want to be on the winning side of the utility-driven meme coin revolution should consider looking into Cutoshi and all that it has to offer!

For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/

Join and become a community member: 

Twitter: https://twitter.com/CutoshiToken

Telegram: https://t.me/cutoshi

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