Both Solana (SOL) and Ripple (XRP) have already recorded double-digit surges over the past week, but the general consensus is that they are just getting started.
A newcomer in the meme coin space, Cutoshi, is also bound to take the spotlight with its cutting-edge DeFi-focused framework. Thousands of investors are already flocking to the viral presale of the $CUTO token.
Solana Is Rapidly Approaching Its 2021 ATH
Solana (SOL) is now dominating the Layer 1 war and is outperforming old-guard blockchains such as BNB and Ethereum with ease. This is mainly thanks to Solana’s user-centric approach that prioritizes ease of access and simplicity, while also giving rise to the most memorable meme season of the cycle. Solana meme coins are now funneling billions of dollars into Solana-based DEXes. Raydium, for example, has recorded over $2 billion in 24-hour volume, vastly surpassing Ethereum’s Uniswap with its $1.76 billion.
At press time, SOL sells for $246 with a 1.3% intraday increase. At $116 billion in market capitalization, Solana overtook BNB as the 4th largest cryptocurrency and is currently eyeing Tether’s 3rd place. At this point, there’s no stopping the Solana train, as reflected by the surge in Open Interest (OI), which has recently reached $5.64 billion, according to CoinGlass data.
Ripple Surprises Everyone As It Bursts Above $1
Ripple (XRP) was forced to take the backseat all throughout 2024, as the ongoing regulatory battles with the SEC injected a significant dose of uncertainty into the market. In the wake of Donald Trump’s victory and the increasing rumors about the upcoming resignation of head of SEC, Gary Gensler, Ripple broke out of its trading range with a violent upward move. In a matter of days. In less than a week Ripple soared by over 120% peaking at $1.20, a level not seen since 2021.
Right now, Ripple is priced at $1.11 with a slight 1.3% drop and a 32% decline in trading volume, with about $7 billion worth of XRP traded on exchanges. Analyst Armando Pantoja has pointed out that Ripple whales have added 453 million tokens, valued at approximately $526 million. As accumulation ramps up, the next significant resistance zone that Ripple must reclaim to continue on its bullish trajectory is $1.32.
Cutoshi Approaches $1 Million In Raised Funds While Demand Skyrockets
Inspired by the famous Lucky Cats from Asian tradition, Cutoshi wants to tokenize good fortune and bring it to the blockchain through its unique DeFi ecosystem. This approach not only makes Cutoshi an attractive investment, but it also future-proofs it against times of increased market volatility.
At the center of Cutoshi’s ecosystem is CUTO DEX. This is a cross-chain DeFi protocol that allows for seamless swaps across multiple blockchains. This feature alone immediately sets Cutoshi apart from most other exchanges as it offers greater versatility and ease of access.
The growing Cutoshi community will also benefit from several income avenues. Staking the $CUTO token or providing liquidity will result in recurring passive income. Meanwhile, users can also complete various quests and tasks aimed at boosting Cutoshi’s presence on social media. For their efforts, they will earn Cuto points, which can then be redeemed for more $CUTO tokens.
To raise awareness online and offline, Cutoshi will soon release merchandise and an NFT collection, allowing the community to show off their favorite meme while seeing their investment grow exponentially.
One of Cutoshi’s star features is the Cutoshi Academy. This is an educational platform designed to assist beginners on their crypto journey by simplifying all things DeFi and offering tips on building a profitable long-term portfolio. This initiative has been hailed as a much-needed addition that can benefit newcomers navigating the often overwhelming world of crypto.
The third stage of the presale is selling out fast and $CUTO is priced at just $0.0259, with early buyers already enjoying over 70% gains. This is still the perfect entry point for investors who want to capitalize on a meme coin built for long-term growth.
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