The possibility of a future XRP ETF is building stronger after the SEC acknowledged Grayscale’s request for ETF conversion. This development could mean a lot for the future trajectory of the XRP token.
Kaspa’s price is on a free fall as investors hope that the token will hold strong around a key resistance level. Notably, Cutoshi is entering another bullish gear in its presale as it’s seen a major interest from whales, driven by the recent bonus announcement.
Investor Influx to See Cutoshi Record More Presale Milestones
Cutoshi (CUTO) has taken the crypto industry by storm and captured the hearts and minds of investors, thanks to the hybrid structure of the project. Cutoshi has raised over $650,000 and has already gained 46% in profit for its early investors.
Having sold out over 80% of the tokens allocated for stage 2 of the presale, the Cutoshi token price is set to increase when it enters stage 3. That means investing now will position investors on the path of massive gains in the coming week. At only $0.022, investors can buy the token now.
To reward the community, Cutoshi is running a Halloween bonus offer for potential investors. Here, investors can leverage the limited 20% bonus on all deposits to add more CUTO tokens into their portfolios. Do not miss out, as the bonus ends 5th November.
Meanwhile, Cutoshi has grown into one of the hottest meme projects in presale. With the recent CoinMarketCap listing, it is projected to hit 100x in the coming months. Unlike meme coins like Bonk with no utilities, Cutoshi is backed by a robust ecosystem with tools such as multichain DEX, an academy and a farming mechanism aimed at rewarding the community.
Grayscale’s Push for Ripple ETF Gets Major Boost
The United States Securities and Exchange Commission (SEC) has acknowledged Grayscale’s request to convert its Digital Large Cap (DLC) Fund, which includes the XRP token, into an exchange-traded fund (ETF).
Grayscale is also the company that successfully filed for Bitcoin and Ethereum ETFs. They have now received a written acknowledgement from the SEC on the DLC Fund, which is made up of Bitcoin, Ethereum, Solana, XRP, and Avalanche tokens.
The development puts Grayscale in competition with other asset managers like Bitwise and Canary Capital in the race to secure XRP ETF approval. This development is going to boost the market momentum of XRP, which has witnessed bearish trends in recent weeks. With the rising XRP trading volume and market cap, the possibility of the Ripple price hitting $1 is high in Q4.
Source: CoinMarketCap
How Long Will Kaspa Tokens Sloppy Bear Trend Persist?
Kaspa (KAS) has been witnessing an extended downturn in price value for weeks. As per CoinMarketCap, this loss has resulted in the Kaspa price dropping by 22% within the last month. This decline comes after Kaspa recorded its all-time price high of $0.2075 in August.
Since then, Kaspa tokens have lost 44% to trade at $0.1162. Amid the bear run, investors will be hoping that it won’t break through its resistance level of $0.1071, as that may result in a further downturn. With the rising Kaspa trading volume and market cap, there are high expectations of a rebound in the coming days.
Meanwhile, a rising number of the Kaspa community are hopeful that the token will get listed in one or both tier 1 CEX like Kraken and Binance before the year runs out. Such a listing will go a long way in boosting the market momentum for Kaspa. According to crypto analyst Scient on X, Kaspa price is nearing its bottom with high chances of a rebound soon.
Source: Scient on X
Final Verdict: What Coin to Invest
While XRP and Kaspa have strong potential for future growth, Cutoshi stands out with the unique decentralized exchange which will allow for the seamless swapping of digital assets across various blockchains at a low fee. Given the low entry price point, the ongoing bonus and the strong utility in the ecosystem, CUTO can easily hit 50x before the end of 2024.
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