Crypto markets are rebounding once again, with altcoins emerging as big gainers. XRP is continuing to cement its position as the third-biggest crypto asset. At the same time, Avalanche is changing the narrative with its upcoming upgrade. Most recently, traders have also pointed to Cutoshi as the next big gainer.
Cutoshi To Become The Next Big Gainer
Among the tokens benefiting from the recent market optimism is Cutoshi (CUTO). This token is a blend of memes and DeFi, bringing utility to the meme coin space. Notably, the project recently raised over $1.47 million in its ongoing presale.
What is attracting investors is the blend of meme coin virality and DeFi utility. For one, Cutoshi is a playful memecoin, with a lucky cat as its avatar. At the same time, it takes its name from the legendary Bitcoin creator Satoshi Nakamoto.
With the help of memes, Cutoshi hopes to bring awareness to the benefits of decentralization in crypto. Notably, it is building a complete DeFi ecosystem run by its users. At its core is the Cutoshi multichain DEX, which aims to make DeFi more accessible than ever.
With more and more people understanding the importance of self-custody and decentralization, people are jumping on Cutoshi. Thanks to the current market excitement, Cutoshi has a shot at turning meme coin traders into full-fledged DeFi fanatics.
XRP Sees Increased Institutional Interest
Ripple (XRP) has been the clear winner in this market cycle. Since Donald Trump’s victory in November, XRP jumped to third place, overtaking both Solana and USDT. In the last week, XRP rose 10.99%, reaching $2.43. The upcoming favorable regulatory environment in the US means that XRP stands to gain even more.
Regulatory news has been among the key factors affecting XRP’s price. For one, its long-standing lawsuit against the Securities and Exchange Commission has been a major hurdle for the coin. Now, with a new crypto-friendly SEC chair Paul Atkins, XRP is in a much better position.
This has prompted institutions to take XRP seriously. For one, US fund manager WisdomTree has launched its own XRP investment product. The WisdomTree Physical XRP ETP launched on several European exchanges, including in Germany, France, and the Netherlands.
The crypto-friendly environment in the US is expected to benefit XRP more than most other tokens. As Ripple is focused on businesses, clearer regulations mean more customers for its product. This is why XRP is expected to cement its dominance in crypto.
Avalanche Sees Rebound After Slow 2024
After an underwhelming year, Avalanche (AVAX) is back in the spotlight. Fueled by market optimism and major upgrades, the token experienced significant positive momentum. Over the last week, Avalanche experienced a significant rebound, up 10.40% in the last seven days.
The positive momentum was largely due to a significant network upgrade. In December, Avalanche secured a $250 million investment for a major network upgrade. The investment came from Galaxy Digital and Dragonfly, among 40 other investment firms. This investment will help complete its Avalanche9000 upgrade. With an upgrade to its L1 network, Avalanche hopes to make transactions 99.9% cheaper.
The excitement over this upgrade has changed investor outlook on this project, which had an underwhelming performance. Over the past year, the token rose only 7.89%, massively underperforming similar utility projects. Now, the investor outlook is improving, with technicals flashing buy signals.
With an RSI at a comfortable 52.13, the token is not overbought. At the same time, all the key moving averages are below their current price, indicating strong momentum.
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