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Cryptocurrency News Articles
Ripple (XRP) and Cutoshi (CUTO): Recent Developments and Future Prospects
Sep 30, 2024 at 11:23 pm
Ripple (XRP) has seen some ease from the regulatory challenges, and experts think this might end the coin's long correction. From the bottom
Ripple (XRP) has had some relief from the regulatory troubles, which some experts believe could end the coin's lengthy correction. Ripple (XRP) has increased by 54% from the bottom, established on July 5th, and is presently consolidating within the descending wedge pattern.
Another small-cap coin, named the luckiest crypto in the industry, is gaining steam with its presale. We're talking about Cutoshi (CUTO), a new meme coin that combines fun and utility. Cutoshi (CUTO) is on the radar of price action traders because of its great fundamentals and undervalued price.
In this piece, we'll cover the latest developments in both Ripple (XRP) and the promising Cutoshi (CUTO).
New Ripple (XRP) vs. SEC Tension
A recent SEC statement may alter the narrative surrounding Ripple (XRP), the cryptocurrency linked to Ripple. A key document from the SEC vs. Ripple (XRP) lawsuit suggests that speculation is essential to XRP’s utility and price.
It states that speculation isn't just a temporary factor but a vital force behind XRP’s value.
On July 13, 2023, Judge Torres ruled that programmatic sales of Ripple (XRP) didn’t meet the third requirement of the Howey Test. The SEC attempted to challenge this ruling by filing an appeal in August 2023, but Judge Torres denied the SEC’s appeal in October.
As a result, the SEC must now wait until the entire case is resolved before appealing any rulings.
For the past two months, Ripple (XRP) has been trading in a range within a descending wedge pattern. It has attempted to break out of the pattern several times, but these attempts have failed; for Ripple (XRP) to set a fresh trend, the price needs to cross the $0.8 level and push from there to take the price higher.
Cutoshi (CUTO) Preparing For A Rally Of A Lifetime
Cutoshi is inspired by the core principles of decentralization and privacy that drove Bitcoin and its creator, BTC founder Satoshi Nakamoto. Beneath its playful meme exterior, Cutoshi offers a cutting-edge cross-chain DeFi protocol, merging the fun with the totally useful.
Cutoshi's main offering is its Multi-Chain Decentralized Exchange (DEX), which enables users to trade tokens across different blockchains. It also features token farming, NFTs, and a learning platform called Cutoshi Academy to help beginners navigate crypto and DeFi. The goal is simple: make DeFi accessible and enjoyable for everyone while highlighting the charm of its Lucky Cat mascot.
Cutoshi understands that knowledge is crucial within the crypto community. Hence, its educational platform focuses on simplifying DeFi concepts. By equipping users with knowledge, Cutoshi hopes to accelerate DeFi adoption and create a community that's both confident and informed.
Although still in its early stages, Cutoshi's innovative approach suggests it could be more than just a meme token. It could herald a new era of fun and functional DeFi. Currently, CUTO tokens are available at a discounted rate of $0.015 during the first phase of its presale.
For more info on the Cutoshi (CUTO) Presale:
cutoshi.com
Join and become a community member:
t.me/cutoshi
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