2024-10-24 12:25 |
According to Caesar, the altcoin season will resume in Q4 and continue until Q1 of 2025. Cutoshi is one of the altcoins with high expectations, fueled mainly by the unique Cutoshi ecosystem, which hosts tools and features such as a multi-chain DEX, educational platform and farming mechanism.
Although in presale, Cutoshi has witnessed massive adoption, with over $500k raised within a short timeframe. Meanwhile, XRP and Shiba Inu are other potential altcoins that could trigger bullish moves. While the Shiba Inu chart is flashing a bullish signal, the various innovations ongoing could drive XRP to $0.7 soon.
Cutoshi Projected For A Bullish Rally After The Latest CMC ListingCutoshi is a project on the path to revolutionizing the $66B DeFi market. Inspired by the traditional Chinese Lucky Cat, which is believed to bring fortune and wealth to people, Cutoshi wants to bring luck, wealth, and prosperity to investors’ digital assets. The project follows Satoshi Nakamoto’s principles for blockchain technology, which are privacy, decentralization, and monetary freedom.
One of the top tools in the ecosystem is a multichain DEX, designed to bring blockchains together and allow for easy swapping of digital assets. Also, there is an educational platform on which investors can enroll and broaden their understanding of the DeFi space and cryptocurrency market. To reward the community, users can participate in quests, collect points, and redeem them as CUTO tokens through the farming mechanism.
As part of its mission to grow the platform, Cutoshi has secured a CoinMarketCap listing, allowing investors to track progress and learn more about the project. At $0.022, investors can buy CUTO in the ongoing stage 2 of the presale. Early investors who joined in stage 1 have made a 46% ROI. Given the limited 440M total supply, CUTO is expected to hit 20x in presale and 40x upon listing.
Ripple CEO Gifts $10m XRP Donation To VP Kamala HarrisAccording to MeCK, a crypto trader on X, Ripple has witnessed a major whale move which saw a whale move 52M XRP tokens from ByBit. While Ripple is breaking out of the consolidation phase, the analyst thinks that XRP price needs to close above $0.578 to confirm bullish momentum.
Source: CoinMarketCap
Meanwhile, Chris Larsen, the CEO of Ripple has donated $10M worth of Ripple tokens to the Kamala Harris campaign a few days before the US presidential election. This comes a few days after former president Donald Trump launched the World Liberty Financial token, which witnessed less market activity due to several factors like the tedious buying process.
According to the XRP technical analysis on Tradingview, the coin is undergoing correction. The XRP market sentiment is bearish. Both the oscillators and the moving averages are flashing sell signals. Having traded sideways in the past few days, the XRP crypto needs to maintain the $0.50 support zone to trigger a resurgence. A drop below the zone could be catastrophic.
Shiba Inu’s Token Burn Rate Surges By 880%Shiba Inu (SHIB) has witnessed an over 880% increase in burn rate in the past week. Shibburn stats show that over 320 million SHIB tokens were removed from circulation in the past week even as the meme coins struggle to overcome the bears.
Meanwhile, the Shiba Inu trading volume has plummeted to $302M from the $405M recorded in the past day, as per CoinMarketCap stats. The technical analysis shows that Shiba Inu market sentiment is bearish, with 13 green days in the past month. The meme coin has been struggling to hang on above the $0.000018 support zone.
Source: CoinMarketCap
However, the market indicators suggest that now could be the time to buy the meme coin as the next bullish move might push the Shiba Inu price to $0.000020. With the upcoming bull cycle, Shiba Inu is one of the altcoins expected to witness massive growth mainly due to the rising adoption of the Shibarium layer 2 blockchain network.
What Are The Cryptocurrencies To Watch For Sustainable Growth Today?Despite the gloomy outlook of XRP and Shiba Inu price movements, there is room for optimism ahead of the bull cycle. Although in presale, Cutoshi is expected to rise by 40x in the coming weeks as the ecosystem gains more adoption.
For more information on the Cutoshi (CUTO) Presale:
CoinMarketCap
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
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