The latest trends suggest that XRP and TRON could be on the verge of a rally. This has created a bullish sentiment around both projects with many investors doubling down on their initial investments. Meanwhile, Cutoshi is gaining significant traction during its presale. Should momentum continue to snowball, Cutoshi could outperform XRP and TRON going into 2025.
XRP Active Addresses Hit 6-Month High
Over the past week, the number of active XRP addresses hit a 6 month high of 12,230. During this timeframe new wallet creations have increased by 10.39% with a total of 18,321 new accounts being created. This suggests that XRP is building momentum though its price performance tells a different story.
Ripple (XRP) currently trades at $0.5217, down 0.86% over the last week. This marks a 17% crash over the last month with XRP being one of the worst-performing cryptocurrencies in the market’s top 10.
XRP currently has a Relative Strength Index (RSI) score of 41.83, suggesting that XRP could be oversold. This suggests that XRP could experience a rebound over the next month, though many investors are choosing to diversify.
TRON Seeks To Lower Transaction Fees
The TRON ecosystem has seen significant growth in 2024. While this has resulted in several price increases, it has also caused TRON’s fees to soar. This increase has made the TRON network less attractive to everyday investors, with negative long-term implications regarding adoption.
However, TRON developers are already looking to solve the problem. The network recently passed a proposal known as “Proposal 95.” According to reports, Proposal 95 will half all TRON network fees, making TRON significantly more attractive. Since this announcement TRON’s price has increased by 2% to $0.1677 and TRON’s daily trading volume has soared by over 40% to $443 million.
Could Cutoshi Outperform Major Altcoins?
Cutoshi has captured the attention of thousands of investors with its innovative meme coin model. Unlike traditional meme coins Cutoshi offers fantastic utility helping it stand out in a highly competitive market.
The project is inspired by the Chinese lucky cat and aims to bring good luck to DeFi investors. Its ecosystem consists of several features. Most notable of these is the Cutoshi decentralized exchange. Through this exchange investors can trade a multitude of cryptocurrencies across blockchains for fees as low as 0.025%. The platform also utilizes a buy back and burn initiative to help drive up the price of $CUTO tokens.
$CUTO tokens help to power Cutoshi’s ecosystem and can be staked throughout the presale to help investors maximize their returns. Aside from staking tokens, early adopters can also complete quests and other challenges to earn Cutoshi points. These points can then be redeemed at a later time for additional $CUTO tokens.
To speed up cryptocurrency adoption Cutoshi is also launching its own crypto academy. This educational platform will teach new investors how to get involved in the crypto market. It covers everything from how to place trades to how to mitigate risk.
Despite being in its early presale rounds Cutoshi is already gaining significant traction. Stage two of the presale is selling out fast, with $CUTO tokens available for just $0.022. With market analysts expecting a meme coin boom in 2025 Cutoshi is in a fantastic position to offer significant returns and early adopters are expected to win big.
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