- November 15, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The post Will Ripples Expansion Lead To XRP ATH? Crypto Analysts Identify Sui And New Trending Sensation As Coins Most Likely To Pump appeared first on Coinpedia Fintech News
Ripple has generated excitement in the broader cryptocurrency market about a possible Dirham-backed stablecoin launch in the UAE. This coincides with discussions around its upcoming RLUSD, with experts hinting their optimism about this stablecoin, suggesting it could be a key driver for cross-border payments and digital banking. These developments have generated a tailwind for XRP’s price, pulling it out of its recent stagnation.
Meanwhile, Trump’s victory represents a turning point for crypto, particularly Sui and Cutoshi, which are well-positioned to reach exponential highs. Thanks to its unique blend of meme culture with DeFi utility, Cutoshi has gained ground quickly in the cryptocurrency market. Within weeks of its presale campaign, the project has raised over $800K as investors continue to be bullish on it.
CUTO Price Rises As It Enters Stage 3
Cutoshi (CUTO) is quickly heating up in the crypto world as traders discover its unique, playful vibe inspired by the Chinese Lucky Cat infused with solid DeFi functionalities. With a live farming protocol designed to reward users with CUTO tokens when they complete quests and challenges, Cutoshi intends to create an engaging and interactive experience that would ultimately grow its user base. The project will also launch its merch and NFTs to add vibrancy to its community.
Cutoshi has a multichain DEX platform outside this farming protocol that enables cross-chain transactions. Here, traders can swap crypto assets across multiple blockchains, eliminating interoperability issues. Also, its learning academy will offer educational materials regarding DeFi and cryptocurrency, helping new investors achieve financial freedom. As such, Cutoshi intends to foster DeFi participation in the crypto market.
Additionally, its deflationary mechanism will foster long-term value appreciation. So far, Cutoshi is in stage three of its presale campaign and is available at $0.0259.With an expected price increase in its next presale stage, investors could capitalize on this intriguing opportunity before it soars.
XRP Price Prediction: Can It Reach The $10 Mark?
After being dragged back by legal uncertainty, XRP’s price could experience a turning point, especially now that a pro-crypto president will assume office. This development will lead to the departure of a widely criticized regulatory security watchdog under the Chair of Gary Gensler. But, it will also more likely open the door for an XRP ETF, clearing its path to new highs.
On-chain metrics highlight that the 4-year symmetrical triangle pattern appears to have stopped. On the XRP daily chart, this pattern seems to have developed and is advancing past its upper resistance level. XRP’s price experienced resistance around the $0.56 mark, which was inevitable since its relative strength index suggests that the token was overbought before declining to a more neutral area around 63.
The bullish sentiment aligns with its MACD, maintaining a crossover above the signal line. While the $0.56 resistance zone remains challenging, breaching this point will push its value to $0.74, which appears to be the target for a breakout. If this XRP price analysis materialized, its conservative price target could be the $2 mark by the end of Q4. While a $10 XRP is less likely in the coming months, network development could trigger rallies that could move the token’s value quicker and more substantial gains.
Sui Hits ATH After Trump’s Election Win
Following Donald Trump’s re-election as the 47th U.S. President, the price of Sui hit a new all-time high of $2.38. The rally was triggered by a significant jump in trading volume, which reached $2 billion during this period. However, the attention has cooled off as expected, with SUI’s price slipping slightly to around the $2.24 level on November 7. This still represents a solid growth metric.
One of the main drivers behind the recent price surge is more users were using the SUI blockchain, which heightened investor interest in the crypto ecosystem. The breakout began when SUI’s price found support around the $1.79 mark, bouncing off by 32.7% to reach its new ATH. Additionally, its total value locked (TVL) increased from $892.98 on October 28 to $1.09 billion on November 7.
Notably, SUI’s trading volume also significantly increased, going from $432.9 million to $2 billion on November 6. With more network developments and collaborations, the Sui coin is well positioned for potential growth, ultimately surging past the $3 mark.
Best Token To Buy In Q4
While Sui and XRP tokens may look promising in the long run, Cutoshi presale may offer higher returns. With price increases at each presale stage, investors will continuously enjoy ROI at each stage in the short run without worrying about the turbulent market.
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