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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 significantly better returns, Ripple (XRP), Sui (SUI) and Cutoshi (CUTO).
SEC Pressure Eases As XRP Prepares For A Bullish Run
For years, Ripple Lab’s XRP has been held back by lawsuits from the SEC, alleging that the way the presale was conducted made it a security. Despite winning many cases, the SEC continued appealing.
With the Trump administration about to take power and SEC Chair Gensler and his team to be replaced with pro-crypto people like Paul Atkins, this is a great sign for Ripple, resulting in XRP’s price increasing by 264.5% in one month.
Recent XRP news excited traders, as the SEC has until January 15th to file yet another appeal. Gensler, who will be replaced on the 20th, 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.
XRP is similar to Ethereum in that it is an old coin, it has a ledger of its own and it has real utility as it already facilitates overseas transactions in the banking industry. If XRP can finally throw off the SEC, the currency could 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.
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. Sui is proving its capacity for being a serious contender in DeFi, with 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 traded over the past 24 hours.
Furthermore, Sui is determined to make it easier to onboard new people onto the blockchain, recognising 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 volume 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.
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, 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. Encouraging users to learn about the potential and use cases of DeFi, while having fun.
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.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
*This article was paid for. Cryptonomist did not write the article or test the platform.