As the President-Elect threatens to fire the SEC Chair Gary Gensler ‘on day 1’, tokens previously called a security are mooning, with XRP up by 122% in the last two weeks. Kaspa sees a renewed surge in price up by 13% since its listing on Kraken.
As memecoins continue to trend upwards, and altcoin season seems to be finally underway, a new hybrid meme/altcoin Cutoshion the scene has become a viral sensation.
XRP Soars As Gensler’s Days Are Numbered
The SEC’s relentless battle against the XRP has seemed never-ending, with appeals and cross-appeals. However, with the pro-crypto Republican party win, XRP is finally likely to be freed from the tyranny of Gensler and co.
According to Straight Arrow News, 18 Republican states have initiated a lawsuit against the SEC, claiming that its harmful overreach is in defiance of the “basic principles of federalism and separation of powers.”
This news, coupled with Trump’s pro-crypto and (anti the current SEC) stance, is what is likely to have sent the price of XRP parabolic over the last 24 hours. Although Trump wouldn’t actually be able to fire Gensler on ‘day one’, the expectation is that he will step down.
If Ripple can escape the endless lawsuits, it might finally be able to fulfill its destiny as the crypto to power the traditional banking system to use blockchain technology. XRP is currently changing hands at $1.14.
Kaspa’s Kraken Listing Sparks A New Rally
SEC’s reason for targeting Ripple Labs was due to the way the ICO was handled. Kaspa on the other hand, is a community-based project that was launched through a fair launch, with no pre-mining or VC funding.
Kaspa, which is up by almost 100,000% since its listing on Coingecko in May 2022, was designed to make mining of the currency accessible to all, not just for those who have mining rigs costing several thousand dollars.
After a huge run up to $0.20 this August, Kaspa retraced back to its support level of $0.11, and subsequent price action was sluggish in comparison to other coins.
Kaspa’s listing on Kraken, billed as the first of many tier 1 exchange listings to come, is no doubt responsible for the recent resurgence to $0.17.
A Lucky Cat Strikes Gold As CUTO Takes Off
Kaspa’s recent success has made initial hodlers and miners very wealthy, but for those looking for massive gains, finding the best new project on the horizon is the way forward.
One such token has attracted global attention, $CUTO, the ERC-20 token that underpins the Cutoshi ecosystem. Cutoshi is more than just a meme coin, it’s based on the Chinese Lucky Cat, the waving cat that brings prosperity according to traditional beliefs. And from a Defi perspective, it’s a DeFi solution that is based on the ideals of BTC creator Satoshi Nakamoto.
By offering an alternative to TradFi and current banking systems, DeFi, and therefore Cutoshi, adheres to the important vision that Satoshi had.
This combo of meme and DeFi is making an impression on the crypto world, since $CUTO was trending on X on both the worldwide and US version of the platform last week. This is especially impressive considering that Cutoshi is still in its ICO phase.
Like Kaspa, Cutoshi has a community-based project that is offering early members the chance to grow their holdings through discounted pricing and various quests and challenges.
The project is up 72% since the first stage of the presale, having raised over $880k and listed on CMC.
