The cryptocurrency market is full of opportunities that offer smart investors the avenue to make a living trading cryptos. With speculations of an upcoming bull cycle, investors are on the lookout for profitable cryptos that will guarantee long—and short-term gains. As the year nears its end, this article will look into the cryptos that top traders are buying now.
Among the cryptos catching attention are XRP, Book of Meme and Cutoshi. Having filed an appeal in response to SEC’s new move, XRP is projected to recover in the coming weeks. BOME is showing signs of a breakout, which could trigger a rally. The ongoing Cutoshi presale has witnessed whale accumulation with expectations of 40x price multipliers over the months ahead.
Cutoshi Token Backed For Huge Price Gains In The Coming Months
With meme coins projected to lead the next market rally, Cutoshi is coming up with different utilities; to compete with major altcoins in the market. The Cutoshi project’s ongoing presale has continued to make waves driven by the robust Cutoshi ecosystem, which hosts tools that will bring DeFi closer to the masses.
Unlike meme coins like BOME with no real value, the Cutoshi ecosystem has tools such as a multichain DEX that will solve major issues people encounter in exchanges like asset ban, security and privacy, following the path of Uniswap. The DEX will bring blockchains together and allow for seamless asset swapping.
In addition, Cutoshi is developing an educational platform where users can learn more about DeFi, and crypto market trends. The farming protocol is an opportunity to boost your CUTO token holdings by engaging in quests and other community activities. Cutoshi is a project developed on two ideologies which are full decentralization and financial freedom.
Following Satoshi Nakamoto’s teachings for blockchain technology and the traditional Chinese lucky cat believed to bring luck to people, Cutoshi aims to bring luck to investors’ assets while offering them control over their assets. The recent listing on CoinMarketCap has boosted Cutoshi’s visibility, with expectations of price gains in Q4. Sold for just $0.022.
XRP Price Set To Surge Following Vietnamese Government’s Endorsement
Having filed an appeal in response to the US District Court decision labeling its institutional XRP sales as securities, the Ripple coin is showing signs of a comeback. This might be fueled by Vietnamese banks’ decision to use XRP for all cross-border transactions. As reported by Kenny Nguyen on X, the Vietnamese prime minister announced this development at the cabinet meeting with the new Vietnamese president.
As confirmed by a lawyer, James K, on X, the recent appeal follows the Southern District of New York’s previous decision over the institutional sale of XRP. Although Ripple is struggling in the $0.50 support zone, Brett Crypto, a crypto analyst on X, thinks the XRP coin is preparing for a takeoff after some recent Fibonacci Yoga and pullbacks.
Source: Brett Crypto on X
However, XRP bulls need to do more to overcome the current bearish market sentiment. As per Tradingview, the XRP price is currently below the 50-day SMA. To trigger bullish momentum, the XRP token needs to smash the 0.5351,$0.538412 and $0.543677 resistance levels.
BOME’s Impressive Price Action Captivates Investors
Despite still being in the corrective phase, Book of Meme (BOME) has been showing positive signals in the crypto market. As per CoinMarketCap data, the BOME price soared by 36% in the past month, linked to increasing activities on the Solana blockchain which triggered massive rallies for many Solana-based meme coins.
Crypto Jobs, an astute crypto analyst, studied the BOME price chart in the daily timeframe and observed a possible bearish breakout, which could push the price downwards to the $0.0085 support zone. The expert believes the important level to monitor is the $0.009500 zone. According to the analysis, the BOME price could fall and retest the range.
Source: Crypto Jobs on X
The Book Of Meme technical indicators are flashing buy signals. The Fear and Greed index is 72 (Greed) and has a bullish market sentiment. Although the volatility is high at 16%, Coincodex remains bullish with a BOME price prediction of $0.0305 in the short term.
What Are The Top Cryptocurrencies To Consider For High Profit Returns In 2024?
Crypto investment remains an ideal option for growing wealth in the modern day. With the projections of a Q4 market rally, Cutoshi, XRP and Book Of Meme are potential tokens expected to experience growth. The Cutoshi presale is already gaining traction due to its affiliation with DeFi, which has led to expectations of impressive price growth in Q4.
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