As the U.S. presidential election is less than a month away, crypto enthusiasts hope for a positive outcome that will favor the general crypto community. Meanwhile, Ripple is still seeing a sluggish price movement despite its increasing use and adoption. Moreover, crypto investors are looking at Cutoshi as a preferable option for reliable growth.
Owing to the unique features and huge earning potential, investors find Cutoshi valuable. By propagating the teachings of Bitcoin founder Satoshi Nakamoto, the Cutoshi ecosystem aims to promote a blockchain space where privacy and monetary freedom will rule. Cutoshi stands out from other meme coins by offering real value and aiming at long-term growth. CoinMarketCap has noticed the potential of the project and has listed the project, boosting visibility and demand.
Cutoshi Is Positioned For A Huge Success
Unlike most other memecoins like Dogecoin and Shiba Inu, Cutoshi is not based only on the hype of its community. Rather, this promising crypto focuses on providing utility with real DeFi tools like a decentralized exchange (DEX), farming, and an educational platform. This gives Cutoshi a more stable foundation to grow.
Meanwhile, Cutoshi also values long-term growth and that is why the ecosystem uses a deflationary token model. It may interest you to know that the token burn mechanism that is built into CUTO ensures that over time, the supply of the token will reduce. As a result of this, there would be an increased scarcity of CUTO and this will cause a value appreciation.
This is similar to how deflationary cryptos like Bitcoin have performed historically. In addition, Cutoshi uses a gamified farming system in which community members are rewarded for active participation, including completing quests and collecting points. Interestingly, this gives individuals a tangible reason to hold the CUTO tokens and engage actively in the community.
When you think that it’s over, Cutoshi opens another chapter. With its Academy, Cutoshi aims to bridge the knowledge gap in DeFi. This Academy aims at helping users understand how to more effectively make the most out of decentralized finance. Interestingly, the utility token of Cutoshi, CUTO, is undergoing its presale and each token is priced at only $0.022 in stage 2.
Ripple Price Chart Analysis
The Ripple coin seems to be going through a pivotal moment as the year gradually comes to an end. Although still trying to break out of its extensive consolidation, experts anticipate a strong bullish move for the Ripple coin in the near future. Meanwhile, Ripple has been trading below the $0.56 mark over the past week despite the increased trading volume of over $1.28 billion.
Irrespective of the fact that the altcoin hasn’t really been the best in terms of price performance, Ripple continues to hold the position of one of the most influential tokens in the crypto space. As a result of its problem-solving capabilities, especially in the aspect of cross-border transactions and becoming a better alternative to SWIFT, analysts anticipate a huge rally in a short while.
Meanwhile, the Ripple price chart displays a mix of bullish and bearish signals. Despite a recent market recovery, the 50-day and 200-day EMAs have both displayed a downward trend for the altcoin as they act as strong resistance levels. As a result, Ripple may hover between $0.56 and $0.52 for longer unless there is a significant increase in buying pressure.
Source: TradingView
In addition, the possible formation of a death cross by the moving averages hints at a potential bearish scenario for Ripple. Nonetheless, the future price movement of Ripple in the near term would be largely influenced by its ability to break past the $0.56 resistance zone.
Cutoshi Could Yield Bigger Gains Than Ripple
With a limited token supply of only 440 million, Cutoshi is primed for a significant value appreciation as demand for the token rises amid scarcity. While Ripple struggles to gain direction, Cutoshi positions itself as a more promising investment opportunity that could yield 100x gains in the coming months as per analyst predictions.
Additionally, CoinMarketCap has added Cutoshi to its platform. With this, traders and investors can effectively track the token’s progress and other important parameters. Moreover, being on CMC would further enhance the visibility of the CUTO token.
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