After months of legal battles, Ripple (XRP) could be poised for a breakthrough following a Trump victory in the US election. However, with regulatory scrutiny holding XRP back, many investors are turning to alternatives like Floki and CutoshiBoth projects are expected to see huge returns on investment towards the end of 2024, with Cutoshi already gaining significant traction throughout its pre-sale.
Can Ripple (XRP) recover from legal scrutiny?
Ripple XRP has experienced several setbacks in 2024 due to its ongoing legal battle with the SEC. This has prevented Ripple XRP from recovering despite several ecosystem upgrades and growing investor adoption. Nonetheless, with the number of institutional buyers of XRP skyrocketing, Ripple could be on the verge of a significant rally.
According to CNF analysts, Ripple XRP has seen a 266% increase in institutional buyers over the past month. Purchases fell from $1.1 million in September to $0.3 million in October. This data suggests that bullish sentiment is growing throughout the XRP community despite its legal issues. Currently, XRP is trading at $0.5354 and Ripple’s daily trading volume has exceeded $2 billion in the last 24 hours.
Floki flies away after Trump’s victory
Over the past 24 hours, Floki saw a significant rise of 13.7%, bringing its annual return to 351%. This rise was triggered by Trump’s victory in the US elections, which triggered a general market rise.
Despite this sudden rise, Floki’s price has fallen by 2% over the past week, with Floki trading at $0.0001398 at the time of writing. Although this rise is expected to be temporary, it suggests that Floki could recover during the next bullish period. Floki’s daily trading volume also soared by 131.82% in just 24 hours, bringing its trading volume to $276 million.
Investors benefit from Cutoshi presale
With its unique hybrid meme currency model, Cutoshi is gaining popularity among altcoin investors. This exciting new project combines the hype of meme currencies with fantastic utility and a fun Chinese lucky cat theme.
Much like the traditional Chinese cat, Cutoshi seems to bring luck and good fortune to his community.
The project is expected to gain huge traction with memecoin investors, with features such as its DeFi Exchange already receiving praise. Cutoshi Exchange will allow investors to transact across multiple blockchains at extremely low fees.
Cutoshi will also launch an educational platform aimed at new investors. Named Cutoshi Academy, the platform will cover a range of topics from investing basics to more advanced investment strategies. This will help investors create profitable portfolios and manage risks.
The Cutoshi pre-sale has gained huge traction and the second stage is already 93% sold out. $CUTO tokens are available at $0.022, but their price will increase once the stage is completed. Given its growing community and robust ecosystem, Cutoshi is well-positioned for a significant rally, with observers expressing excitement about a potential rally in the near future.
For more information on the Cutoshi (CUTO) presale:
https://cutoshi.com/
Join and become a member of the community:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
The subject matter and content of this article are those of the author alone. FinanceFeeds assumes no legal responsibility for the content of this article and it does not reflect the views of FinanceFeeds or its editorial staff.
The information contained on this page does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation or individual needs. We strongly recommend that you seek independent professional advice or conduct your own independent research before acting on any information contained herein.
Related News :