Ripple Network has sat comfortably in the spotlight all-year-round, largely because of its legal tussle with the Security and Exchange Commission (SEC). While this has left a noticeable dent on its price trajectory, the native XRP token has continued to attract positive sentiment because of its resistance even in the face of harsh market reality.
Meanwhile, contending the spotlight with top altcoins like Ripple is Cutoshi (CUTO). The fast-rising presale star has drawn enormous attention because of its diverse market appeal driven by its hybrid protocol. However, industry experts are projecting the native CUTO token to mirror Ripple’ success and potentially surpass it this Q4 and beyond.
Cutoshi’s Blend Of Meme Coin Entertainment And DeFi Attributes Attracts Positive Sentiments
Presale star, Cutoshi (CUTO) distinguishes itself from other meme coins by expanding its market reach with the integration of decentralized finance (DeFi). Notably, the hybrid protocol prioritizes Nakamoto Satoshi’s Bitcoin core principles rooted in decentralization, privacy and monetary freedom. This unique approach not only offers a fresh perspective to the meme coin market but positions Cutoshi for mass adoption.
Cutoshi has successfully raised close to $500K merely two stages into its presale. But that’s not the highlight. Cutoshi’s allure lies within its DeFi hub, which features a DEX platform, a staking protocol and farming mechanism that allows participants to engage in rewarding quests to win the native CUTO token alongside other complimentary gifts like NFTs and Merch.
Furthermore, Cutoshi adds a learning academy to its ecosystem with the aim of eliminating DeFi illiteracy. This community-centric approach, coupled with its cultural theme inspired by the popular Chinese Lucky Cat known to bring goodluck, and progress, adds to the project’s overall appeal. At a current price of $0.022, which marks about 46% increase from the initial price of $0.015, early backers are flocking in to secure a spot in this revolutionary project.
Ripple Coin Demonstrate Strength Amidst Price Recovery
Ripple (XRP) price trajectory in the past week exhibits a strong recovery with a potential price outbreak if the bullish momentum is held for long. Compared to its monthly trajectory, Ripple coin has registered a noticeable price increase from the levels around $0.522 to trade above the resistance level of $0.539.Â
Although almost inconsequential, this recent uptick in XRP price has reignited a new wave of optimism. For context, XRP coin has attempted to break past the $0.718 price level multiple times, but was sadly met with strong resistance. While this is largely attributed to the court case with the SEC, XRP year-to-date price chart portrays a resilient trajectory.
Furthermore, XRP technical analysis on TradingView, including its 10-day EMA points at a buy signal which suggests an imminent price outbreak. Should that be the case, XRP price may swing swiftly towards its 7-month ATH of $0.718, and potentially set new highs.
Can Cutoshi Mirror Ripple Success This Q4?
Ripple Network is an established DeFi protocol that facilitates global payments while providing financial solutions for businesses leveraging its on-chain infrastructure. Meanwhile, Cutoshi is a hybrid protocol with primary focus on meme coin entertainment and DeFi.Â
This unique blend allows Cutoshi to thrive in a diverse market, further putting it an edge ahead of Ripple in the ground scheme of things. Whilst Ripple coin is 89% down from its ATH of $3.84, Cutoshi’s rapid market adoption and deflationary mechanism could help it record the $1 milestone in record time and possibly surpass Ripple’s record highs.
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