$XRP Aims For $5 While DOGE And Cutoshi Aim For $1

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Despite Ripple’s weekly dip of over 6%, the automated market maker on the XRP Ledger has recorded a surge in daily transaction volumes, exceeding levels seen just a week ago by 40x. This unique growth signals a massive increase in activity, attributed to the new liquidity and trading opportunities introduced by the AMM feature on XRPL. With this, Ripple’s price is now eying the $5 mark as its price starts to record bullish momentum.

Dogecoin (DOGE) has also outperformed most of the top rival cryptos following its growing popularity with support from well known figures such as Elon Musk, recording a monthly surge of over 17%. A fresh player has also been stirring up excitement with its innovative features. Cutoshi, recently listed on CoinMarketCap, has already raised over $600K while eyeing the $1M mark.

Cutoshi Aims To Mirror XRP’s Exponential Growth

The surging potential of Cutoshi (CUTO) is set to follow the growth trajectory of XRP in the coming months. Cutoshi, which kicked off its presale in September, continues to enjoy significant momentum, having recorded an over 46% rally from its initial starting price of $0.015 to its current price of $0.022.

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Inspired by the traditional Chinese Lucky Cat, known for bringing good fortune, while mirroring the Bitcoin founder’s vision for blockchain, Cutoshi is set to become a game changing meme coin that attracts DeFi and crypto enthusiasts. The project is backed by standout features that keep its ecosystem engaging and fresh for its holders. Its multi-chain DEX is perfectly designed to simplify cross-chain transactions across different blockchains.

The Cutoshi Farming, on the other hand, provides users with a new way of earning extra tokens by completing quests. This move acts as a fun yet community-driven approach to rewards, making users more attracted to the project. In stage two of its presale, the CUTO token has already sold out over 70%. Moreover, the project’s limited token supply of just 440M could see the price hit the $1 mark by the end of its presale.

Ripple’s Automated Market Maker Surges: Is $5 A Possibility?

The AMM was launched as part of Ripple’s XRPL and designed to enable decentralized, permissionless trading. The AMM allows users to offer liquidity for various network assets, which has attracted significant interest from institutional and retail users.

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Owing to its launch, reports from CryptoQuant suggest that Ripple’s DEX volume has rallied by over 17% over the past month. This reflects heightened user engagement across the platform. Ripples also recorded an over 62% increase in AMMDeposit activity, as the AMMCreate spiked by over 143%, reflecting a notable surge in user liquidity contributions.

Source: CoinMarketCap

This significant surge in AMM volume reflects the broader trends within the XRPL ecosystem as more users engage with the new tools offered by Ripple’s blockchain. Currently trading at $0.517, Ripple’s price performance is set to record a bullish trend with increased liquidity and trading volume. Technical indicators also suggest an impending rally that could see the price of Ripple target the $5 mark in 2025.

Dogecoin Price Set To Rally

Ali has presented a Dogecoin chart that showcases a clear descending channel, also known as a flag pattern. This pattern normally occurs during an assets consolidation phase, which follows an uptrend.

Source: TradingView

At the moment, Dogecoin is trading around the $0.145 mark, representing a YTD of over 110%. Its current noticeable resistance is at the $0.143 mark. According to the analyst, If the price of Dogecoin breaks past this resistance level, it could suggest a potential continuation of its previous surging trend.

The analyst also projects that a successful breakout above the resistance level might lead to a significant DOGE token rally of around 25%, elevating the Dogecoin’s price to around the $0.0175 mark. If the price fails to surpass its resistance at the $0.143 mark, it could remain in a consolidation phase within the current pattern.

Will Cutoshi Price Hit $1 In 2025?

With the Cutoshi deflationary mechanism and built-in utilities, CUTO price performance can mirror XRP’s price performance to hit the $1 mark in 2025. Its major CEX listing is also set to increase the price, just like the recent CMC feature.

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com/

Join and become a community member:

https://twitter.com/CutoshiToken

https://t.me/cutoshi