The announcement of the replacement of Gary Gensler has resulted in XRP experiencing a long-awaited rally, with many traders predicting a rise to $4.50. Tron founder Justin Sun is also benefiting from the upcoming administration, leading to a massive TRON pump. Cutoshi has also seen bullish investor attraction, up by 106% since its initial price, and early investors are eager to get in on the action.
XRP’s Long-Awaited Rally Signals New Confidence In Crypto
With SEC Chair Gary Gensler stepping down in January and crypto matters being put more squarely under the purview of the CFTC, XRP price has been pumping ever since the news. XRP recently flipped Solana to become the third-biggest crypto by market cap.
But prominent traders such as Ali Martinez and BitBoy see that this is just the start for the coin, with Martinez predicting $4.40 as the next leg up and highs of $8.40 to $48.12.
Meanwhile, BitBoy recently posted a YouTube video explaining why he thinks XRP is going to hit $4.50 very soon.
Sun’s Latest Moves Push Tron To New Heights
Justin Sun loves making the news and after recently buying a banana for $6.2 million and then eating it, he also invested $30 million into Trump-associated crypto World Liberty Financial and received the post of advisor to the DeFi-based project.
This caused TRON to pump by 104% in one day, before retracing some of its gains. Tron’s price is up 44% on the weekly chart and the 8th biggest crypto by market cap. Recently, Tron recorded an impressive $500 billion in stablecoin transfer volume for November, surpassing networks like Base and Solana. This increased liquidity shows that people are keen to engage in DeFi and other on-chain Dapps.
Tron also achieved an important milestone, exceeding 120 million total holders, alongside reaching a new peak in daily revenue of $21 million.
Memes And DeFi Collide As Retail Buys Into Cutoshi’s Presale
Cutoshi encourages investors to get on-chain and start trading, free from restrictions and watchful eyes. Their plan, which is going well so far, is to attract people to the coin from a meme perspective and then introduce people to DeFi. Cutoshi’s cross-chain decentralized exchange allows people to move money without confusion or hassle.
While this year has been mainly about memecoins, this is also evolving as the whole market turns bullish. Memes continue to rise, with MOG coin posting gains of over 6000% on the yearly and platforms such as Aave are up by 131% this year.
The project has already begun a gamified token farming initiative with over 4000 people participating. Cutoshi has raised over $1.32 million and is up by 19% as the third stage of the presale sold out in record time, with investors keen to get in on a project at an early stage.
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