In the world of cryptocurrency, Ripple (XRP) and Ethereum (ETH) have become the center of attention. After remaining relatively subdued for much of 2024, both have made remarkable comebacks as the crypto market sentiment has soared. The victory of pro-crypto candidate Donald Trump in the presidential election is seen as a major factor that could potentially lead to a golden era for digital assets, spurring the resurgence of these two projects.
Ripple has witnessed a significant rally, with a 200% surge in November. It reached a local peak at $1.61 before a market-wide correction pulled it back to $1.40. It has since bounced back slightly and is currently trading at $1.43. Charting Guy on X has presented an interesting analysis, highlighting a multi-year Adam & Eve pattern. If this pattern holds, Ripple could break out and even surpass its 2017 all-time high of $3.84, potentially reaching as high as $5. Bullish catalysts are also mounting, with asset manager WisdomTree applying for an XRP ETF, which might materialize by the end of 2025. Additionally, rumors of a possible settlement between Ripple Labs and the SEC, fueled by the expected resignation of SEC chairman Gary Gensler, are adding to the optimism.
Ethereum, on the other hand, is currently trading at $3,460 with a 4% daily increase. However, its trading volume has dropped by 26% over the past 24 hours as the market cools. Despite this, on-chain metrics are highly bullish. Ethereum has recently achieved a 2-year peak in Total Value Locked (TVL) at $80 billion. It is also attracting more institutional investors, with the spot ETH ETF recording over $40 million in net inflows recently, led by Blackrock’s $50 million contribution. Analysts believe that the combination of these factors and the favorable market sentiment could propel Ethereum to new heights. Trader EtherNasyonal has noted similarities between Ethereum’s current price action and its 2016 – 2017 run, suggesting it could reach $10k during the 2025 bull run.
Meanwhile, a relatively new project, Cutoshi, is making waves in the meme coin space. Inspired by the Lucky Cats of Japanese legends, Cutoshi aims to offer more than just a trendy meme. It differentiates itself with a utility-focused approach. Its CUTO DEX will enable near-instantaneous cross-chain swaps by integrating major blockchains. The Cutoshi Farming system allows users to engage in special events and quests to boost the project’s social media presence and earn points redeemable for $CUTO tokens post-launch. Recently, Cutoshi launched a meme contest, offering $2,000 in $CUTO tokens to the best submissions. The contest ends on December 4. The $CUTO presale is in its third stage, with tokens priced at $0.0259. Over $1 million has already been raised, and thousands of investors are flocking to it. Given its unique features and relatively low market capitalization, Cutoshi could potentially outperform major cryptocurrencies like Cardano and Ethereum in 2025.
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