After years of legal struggles, Ripple (XRP) is having a main character moment as it unapologetically took the spotlight and outperformed the vast majority of the market.
Meanwhile, meme coins continue to make headlines, with Floki (FLOKI) and Cutoshi (CUTO) set to lead a utility-driven revolution and redefine the entire space.
Ripple Rebounds From The Bottom, What’s Next?
Ripple (XRP) left altcoins in the dust with a 400% monthly surge that saw it reach a new local peak of $2.84, a level unseen since January 2018. A predictable retracement followed shortly after and today Ripple trades at $2.41 with a 1% intraday increase. As Ripple retested levels around $2.25, buyers promptly stepped in pushing the price higher.
This latest rally saw Ripple scale the crypto leaderboards with ease as it outpaced BNB, Solana, and Tether, claiming third place with a gigantic $136.8 billion market cap. Undoubtedly, Donald Trump’s victory in the US elections played a key role, as the President-Elect time and time again has reaffirmed his stance as a pro-crypto candidate. Additionally, the ongoing legal war between Ripple Labs and the SEC seems to be coming to an end with a reported settlement reached behind closed doors.
Moreover, Ripple’s proprietary stablecoin RLUSD is expected to hit the markets soon, after months of testing. This will place Ripple at the center of the stablecoin market and likely propel the XRP price to new heights, with the next major target being the $3 mark.
Floki Consolidation Continues After Major Rally
Floki (FLOKI) has soared by over 80% over the last month, becoming one of the best-performing large-cap memes. Floki topped out locally at $0.000265 and as selling pressure intensified it corrected by a few percentage points. At the time of writing, Floki sells for $0.000232 with a neutral weekly price action and a 3% intraday decrease.
Analyst and trader The Cryptomist, Floki has been moving under a short-term descending trendline as shown by the string of lower highs. This dynamic resistance has barred the Floki price from rising higher. However, a breakout followed by a successful retest could spark another rally and see Floki reclaim its all-time high of $0.000346.
Along with Cutoshi, Floki is among the very few memes that offer real utility that transcends the hyper-focused nature typical of meme coins. In the case of Floki, its ecosystem boasts a metaverse game, Valhalla, which is enjoying significant interest and has put Floki at the forefront of the growing crypto-gaming niche.
Cutoshi Could Become The New Meme Standard
Cutoshi merges pristine meme energy with DeFi capabilities, creating a one-of-a-kind MemeFi ecosystem designed with longevity in mind. CUTO DEX is the heart of the Cutoshi ecosystem, this is a decentralized exchange that allows for near-instantaneous swaps across a multitude of blockchains at the lowest possible fees.
Users will not be required to share private information when using the platform and will retain complete custody of their funds. This is in stark contrast with the framework implemented by centralized exchanges. Cutoshi seeks to embody the principles of privacy and decentralization that inspired Satoshi Nakamoto to create Bitcoin and change the world forever.
Moreover, Cutoshi incentivizes users to engage with the ecosystem granting them the chance to earn generous rewards. Users can also complete various tasks and quests in exchange for points that can be redeemed for additional $CUTO tokens.
Stage 4 of the Cutoshi presale is underway, with $CUTO tokens selling for just $0.031. $1.3 million has been raised so far and demand is skyrocketing. This means that there has never been a better time to get involved and join Cutoshi’s utility-driven meme coin revolution.
For more information on the Cutoshi (CUTO) Presale:
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