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XRP holds above $0.5 with predictions of a huge surge, Cutoshi’s presale is booming and could hit $0.5 by 2024, while Tron eyes a breakout following its partnership with Chainlink.
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Amid the ongoing case with the United States Securities and Exchange Commission (SEC), Ripple bulls have continued to accumulate the XRP token, with the altcoin maintaining support at the crucial $0.5 mark. Popular market analyst Amonyx believes that the XRP price will hit $48 soon, urging holders to stay positive.
With the anticipation of a bull season, Tron is trending upward, which could see it flip the $0.2 mark in the coming weeks. Meanwhile, the Cutoshi presale has topped the charts. With over $700k raised, Cutoshi could hit $0.5 before the end of 2024.
Cutoshi tops presale charts after recent positive news
Cutoshi, the new DeFi coin, has topped the crypto market presale chart after the recent news aimed at rewarding the community. With over 95% of the tokens allocated for stage 2 of the presale sold, Cutoshi is moving to become a key player in the $63b DeFi market. Sold for $0.022, investors have limited time to buy before the price increases in stage 3.
While many meme projects have an unlimited supply, Cutoshi has just a total supply of 440m tokens, of which 242m tokens are allocated for presale and 7% for burning mechanisms. With the limited supply and the token burning mechanism, the upcoming buying pressure could drive the CUTO price towards the $1 mark within a few months of listing.
Cutoshi has already listed on CoinMarketCap, opening another avenue for investors to learn more about the project. Unlike meme coins like Dogwifhat, which thrive on hype, Cutoshi is backed by a multichain DEX, which allows for seamless swapping of digital assets on-chain. Other notable features are the academy and farming protocol, which are designed to reward the community.
XRP price predicted to reach $1 soon
Ripple’s (XRP) price action has been uninspiring in recent weeks. However, the upcoming US election has triggered more trading activities. As per Whale Alert, more than 500M XRP coins worth over $254M have been unlocked from escrow at an unknown wallet. This showcases the bull’s confidence in altcoin, which has seen it maintain support above the crucial $0.5 mark.
Steph is Crypto, a popular crypto trader on X noticed that XRP coin is repeatedly testing crucial resistance zones, with each test weakening it. Steph thinks that with the XRP trading volume sharply declining, this could mean a big move is around the corner for the token with a potential target of $4.
Currently, XRP is trading below both the 50-day and the 200-day SMA, as per Tradingview. However, the XRP market activity is booming, with over 15 technical indicators flashing buy signals. For the price of XRP to rebound, it needs to break past the $0.521447, $0.53252 and $0.540889 critical resistance levels.
Chainlink collaboration could push Tron price to $0.2
Tron (TRX) has entered into a partnership with Chainlink, which could be a game changer. According to Altcoin Buzzio on X, this collaboration to integrate Tron Network into the Chainlink data feed to become the official oracle of the foundation will bring more security and reliability, which will make the Tron ecosystem better.
Meanwhile, Tron’s price has dropped slightly after failing an attempt to surpass the $0.17 mark. Crypto Jack, a popular analyst on X with over 350k followers, thinks that the Tron coin is about to break above the ascending triangle formation. While telling his followers to keep an eye on Tron, Jack projects a rise to $0.195 in case of a successful breakout.
Tron has performed well in recent weeks, recording 17 green days in the past month. However, the 14-day RSI in the 1D timeframe shows 67, which suggests the TRX token is approaching the overbought zone. With the rising market activity, holders will be anticipating a rise towards $0.20 this month.
Which crypto will see significant gains this month?
With October kicking off the Q4 market boom, investors will be hoping that November will return much better profits. Among the tokens anticipated to rise are Ripple, Cutoshi, and Tron. Topping the chart is Cutoshi, whose growth potential is compared to Popcat’s early year market boom. With the unique DEX, CUTO could hit 40x in Q4.
To learn more about Cutoshi, visit the official website.
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This article first appeared at crypto.news
