Three Altcoins to Watch This Holiday Season: XRP, SUI, and CUTO

Want to know what altcoins to be looking at this holiday season? Here are three cryptos that share similarities with Ethereum but are likely to offer

Three Altcoins To Be Watching This Holiday Season

As the holiday season approaches, many traders are looking for the best altcoins to add to their portfolios. While there are countless projects out there, a few stand out from the rest due to their similarities with Ethereum, potential for higher returns, and recent news.

In this article, we will take a closer look at three promising altcoins: XRP, SUI, and CUTO.

SEC Pressure Eases As XRP Prepares For A Bullish Run

For the past few years, traders have been keeping a close eye on Ripple Labs’ XRP, especially after being hit with a lawsuit from the U.S. Securities and Exchange Commission (SEC). The lawsuit alleges that XRP is actually a security due to the way the presale was conducted.

Despite Ripple winning many of the cases, the SEC continued appealing the decision, keeping traders on edge. However, with the Trump administration set to take power and SEC Chair Gensler and his team being replaced with pro-crypto people like Paul Atkins, this is a great sign for Ripple.

In fact, XRP’s price has already increased by 264.5% over the past month alone. Another recent news story that excited XRP traders is that the SEC now has until January 15th to file yet another appeal.

Since Gensler will be replaced on the 20th, this is good news, as Ripple will be able to delay the appeal by 30 days, putting the case in the hands of new Chair Atkins, who is more likely to drop the case entirely.

Being similar to Ethereum in that it is an old coin, has a ledger of its own and real utility as it already facilitates overseas transactions in the banking industry, if XRP can finally throw off the SEC, the currency could easily rise dramatically.

According to this video, some traders, like Crypto Bull, are calling for a $30 XRP by January 2025. While this seems very optimistic, it is likely that XRP will go up by a higher percentage than Ethereum, which is what traders are really looking for.

Sui’s Rapid Expansion Shows The Market is Ripe for DeFi

Sui is a Layer 1 blockchain that has been pumping recently, up 626% on the yearly and 47% on the monthly. While Sui is new to the scene, it is quickly proving its capacity for being a serious contender in DeFi, especially after the latest partnership and airdrop for the staking and lending platform SEND.

They also recently announced that their DEX has now reached a total volume of $32 trillion dollars, with a record-breaking $466 million being traded over the past 24 hours.

Furthermore, Sui is determined to make it easier to onboard new people onto the blockchain, especially recognizing the benefits of stablecoins and easy bridging and so now people can send FDUSD directly from Binance to SUI. They’ve also partnered with Phantom Wallet and Backpack, a wallet and crypto exchange that saw an impressive $60 trillion being traded in its first year.

As Backpack works in 150 countries, this means that SUI is rapidly expanding and so the price could easily continue to rise, especially as more people begin using the blockchain.

As data below from DeFiLlama shows, this is working, with SUI’s TVL going parabolic, now at $3.48 billion and increasing daily.

Cutoshi Blends Meme Appeal With DeFi Innovation

Cutoshi is a new project with big goals, just like XRP and Sui. It aims to introduce people to DeFi via meme culture. The meme comes from the Ancient Lucky Cat, often seen in homes and businesses, which is believed to bring prosperity and luck.

While the meme is visually appealing, the real innovation comes from the DeFi ecosystem that they are building on Ethereum. Like Sui, they want people to be able to move their money effortlessly, but this time, across blockchains, so the DEX supports multiple networks. There’s also a P2P option to allow people to access the real power of decentralization.

A Lucky Cat NFT collection with DeFi utility is in the works, along with a merch shop and purchasable items in the native token, CUTO. The most important features of Cutoshi are the learning academy, group competitions and quests, keeping people interested, connected and engaged.

Encouraging users to learn about the potential and use cases of DeFi, while having fun and competing with each other to earn more CUTO, sounds like a great way to onboard new people into the space. As Cutoshi is still in presale, most of this is still in development, but the crypto community seems bullish, with the project having raised $1.36 million in under two months.

Given the early stage of the project, it could see huge returns and is an opportunity for those who believe in blockchain and DeFi, to get in on the ground floor, especially for those who enjoy