The post Ripple (XRP), Cardano (ADA) And Cutoshi (CUTO) Are Trending On X, What’s Happening? appeared on BitcoinEthereumNews.com.

Three altcoins are simultaneously trending on X and investors are paying attention. While Ripple (XRP) and Cardano (ADA) are obvious entries in the trending list A newcomer is also making waves. Cutoshi could become the next big meme coin and outperforms major players in the space. Ripple Is Surging Again With A 10% Daily Increase Ripple (XRP) is on a roll, as a series of bullish catalysts have allowed for a near-vertical breakout. In less than a month Ripple raked in more than 200% gains, peaking at $1.61, a level unseen since 2021. Shortly after Ripple retraced, retesting the support, from which it rebounded, settling at $1.50. The ongoing legal battle with the SEC not only affected Ripple’s performance but also tanked investor sentiment. However, with Donald Trump winning the US presidential elections, a healthy dose of optimism was injected into the crypto market. Moreover, Ripple’s arch-nemesis and head of SEC, Gary Gensler, has announced his resignation and he is expected to step down in early 2025. In other news, testing has started for the upcoming release of the proprietary stablecoin RLUSD. If the launch proves successful, it could put Ripple at the forefront of stablecoin innovation. Cardano Rebounds From The Lows Cardano (ADA) also faced significant disruption over the last few days as selling pressure intensified once it tapped the $1.13 mark. Once Cardano reached the $0.88 floor, buyers stepped in and took the price back above $1. Today, Cardano sells for $1.03 with a 12.5% daily increase. Whales took advantage of the dip and according to analyst Ali Martinez, they have scooped up over 130 million ADA tokens in the span of a few days. This showcases strong conviction in Cardano’s future performance, as large players are positioning themselves to capitalize on the upcoming leg up. Reports have…

---

Filed under: News - @ November 29, 2024 8:14 am