It’s a wild assortment of tokens to look out for in what remains of 2024. The chaotic year has been superb for some of the top altcoins and lackluster for others, hence the hunt for the best cryptos to buy now.
Litecoin (LTC) makes our list for its recent ETF developments, the endangered Ripple (XRP) looks to jump right back, and Cutoshi (CUTO) is one top meme project completing the trio.
Litecoin Hash Rate, Transactions Spike In October
The LTC token has been second-choice for the past decade compared with its PoW counterpart, Bitcoin. Litecoin (LTC) hasn’t done too badly, but the overshadowing success of the BTC ecosystem has left many PoW tokens in its wake.
Attention has recently shifted back to the Litecoin price, as institutional traders feel the token could be a decent choice for ETF trading. Of course, we’ve seen ETFs become operational on Bitcoin and Ethereum, and one could expect similar success on Litecoin (LTC).
Source: CoinMarketCap
Talk of Litecoin ETFs has brought significant traffic to the LTC chain. The platform has seen about $4.3 million in monthly inflows, and the Litecoin (LTC) transactions beat most of the top altcoins in October. Litecoin’s 24-hour volume is up by 3.77%, and the Litecoin price has surged 4.29% in the last week.
Ripple Faces Rejection Again
While many token prices, including the LTC price, are finding new highs courtesy of Bitcoin’s surge, Ripple (XRP) is struggling at resistance levels. The XRP token has failed to breach its resistance, and the signs do not look good for a bullish run.
The XRP price retested its August lows on Friday, sinking to $0.488 before rising over the weekend by about 5%. The Ripple price is now some ways off its starting price this week, and the token might face a bearish future if it cannot hold above its current 0.27% weekly loss.
Source: CoinMarketCap
The ETFs discussions have also spread to Ripple, with many tipping the XRP price for a surge should the SEC approve Ripple ETFs. Currently, Ripple (XRP) is struggling with a 15.79% monthly drop, and anything can happen from here.
Cutoshi To Join The Ranking Of Top Altcoins
The Cutoshi (CUTO) project might be new in the market, but the token has set out to compete with the top players in the crypto market. The project is looking to storm the market by combining the good fortune of its mascot, the Chinese Lucky Cat, with Satoshi Nakamoto’s defi ideology of economic independence.
The Cutoshi project extends its influence into the Defi sector by introducing its own DEX. Apart from giving the CUTO meme coin vital utilities that would create demand for the token, the Cutoshi DEX addresses interoperability by simplifying the process of trading and managing digital assets across different chains.
Cutoshi farming is another interesting feature of the project. Holders can gain more tokens by completing tasks and earning rewards, which can then be redeemed for CUTO tokens.
For long-term sustainability, the Cutoshi project has plans to burn 7% of its CUTO token supply. This, among many other reasons, is why observers believe the project has a promising trajectory that could take it to the level of the top meme coins. CUTO is selling at $0.022 in presale Stage 2.
Crypto Gains: Best Bet For 2024
Bitcoin’s recent uptrend has created some bullish excitement in the crypto market with investors hoping to end the year with more profits. Although Litecoin and Ripple have the potential for gains, the new hybrid project Cutoshi is attracting all the crypto whales.
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