Ripple (XRP) is finally out of the woods and its momentum is only growing stronger with euphoria running rampant. Binance Coin (BNB) has also started moving after spending months on the sidelines and reached a new all-time high just a few days ago.
Meanwhile, Cutoshi (a new meme coin) continues to make waves and investors are flocking to the viral presale of its native $CUTO token.
Ripple Retesting Support Before Next Leg Up, $3 Incoming?
In November, Ripple (XRP) took the spotlight with a 400% monthly surge that saw it tear through milestones and reach a new peak at $2.80. This Ripple price point hasn’t been seen since 2018, sparking a gold rush as XRP is gearing up to conquer new heights. As investors booked profits, a pullback followed with Ripple settling at $2.30.
According to reports, Ripple’s lawsuit with the SEC is coming to an end. Rumors suggest that the two parties have reached an agreement behind closed doors. Additionally, the head of SEC and main crypto-antagonist, Gary Gensler, has confirmed that he will step down on January 20. These developments have reignited holder interest and the sentiment around Ripple is overwhelmingly bullish.
After months of intensive testing, Ripple’s proprietary stablecoin RLUSD is set to hit the markets relatively soon. Savvy investors have already been ‘buying the news’ for months and once RLUSD’s launch is live, Ripple is expected to see a massive green candle and possibly rise above $3.
BNB Is Consolidating On Higher Levels, What’s Next?
With other major Layer 1s like Solana and Cardano getting all of the attention, BNB took the backseat as its price continued to range. Throughout 2024, BNB has demonstrated remarkable price stability, especially during the bearish summer months. However, once the market turned green again, BNB lagged behind.
This changed over the last week, as BNB saw a near-vertical jump that saw it breach the $680 resistance and set a new all-time high at $793. As selling pressure intensified, BNB retraced all the way down to $718 where it found strong support.
According to on-chain data from GlassNode, BNB has recorded a surge in active addresses, highlighting growing investor interest. Analyst Jelle believes that BNB is set for bullish continuation once reaccumulation is complete. He points out that in 2021, after a major breakout, BNB experienced a gigantic 1,600% rally. Given the extremely favorable market conditions, history could soon repeat, although at $103 billion in market cap, it’s unlikely that BNB will experience the same price multipliers.
The New Meme Coin Revolution Starts With Cutoshi
Cutoshi could soon turn the meme coin space on its head with its revolutionary MemeFi ecosystem. The CUTO decentralized exchange brings all major blockchains into one place and allows users to seamlessly swap assets between them. This makes it easy for users to trade without having to switch between platforms dedicated to specific blockchains.
One of the project’s most intriguing features is the Cutoshi Farming initiative. Users can complete various tasks and quests. In exchange for efforts, holders will receive points that can be redeemed for more $CUTO tokens post-presale. Moreover, once staking is live, investors will be able to put their tokens to work and earn passive income on autopilot. This system allows users to earn money via two main avenues and encourages long-term holding, priming $CUTO for significant appreciation.
Stage 4 of the Cutoshi presale is now live with $CUTO tokens selling for $0.031. The meme narrative continues to dominate the market, and the attention toward utility-driven projects grows steadily. This means that Cutoshi is set to launch at the best possible time and early buyers could see amazing returns in 2025.
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