Examining the Future of XRP, Tron, and Cutoshi in the Upcoming Bull Market
Ripple’s ongoing legal skirmish with the SEC has taken yet another twist, with CEO Brad Garlinghouse promising to defend the company “as long as necessary” against the regulator’s recent appeal. After spending over $200 million in legal expenses, Ripple now faces additional litigation as the SEC challenges the 2023 ruling regarding XRP’s regulatory status.
Garlinghouse suggested that the SEC’s persistence might be driven by deeper motivations and added, “corruption gets outed in the end.” Meanwhile, Ripple’s Chief Legal Officer Stuart Alderoty confirmed that Ripple filed a cross-appeal, emphasizing that XRP’s classification as a non-security remains “the law of the land.” According to Alderoty, the SEC is barred from submitting new evidence, so the court’s decision will hinge on existing records.
Despite the legal pressure, Ripple’s leadership remains optimistic. Alderoty encouraged industry watchers to view the SEC’s appeal as a mere “distraction,” stating, “The hard part of the fight is behind us. Ripple’s business is growing and strengthening daily as this appeal process plays out.” Ripple’s efforts to build goodwill include donations to both sides in the U.S. presidential race, aiming to maintain favorable standing regardless of the election’s outcome.
XRP is currently down 14% this year and still trails 85% below its all-time high of $3.40. However, if Ripple sustains its legal fight and the next bull run reaches a peak, XRP may stand a chance of revisiting those highs.
TRON’s New Chainlink Partnership Sparks Optimism for a Bullish Breakout
TRON, known for its rapid transactions and low fees, has carved out a significant presence in the crypto world, with over $7.4 billion in total value locked (TVL), capturing 4.34% of the market according to DefiLlama. Although some of its ventures, like sTUSD and real-world asset initiatives, have met mixed results, TRON’s ability to innovate and form strategic alliances has kept it relevant.
In a recent partnership, TRON announced it will integrate Chainlink’s Data Feeds as its primary oracle solution, replacing WINkLink. This upgrade is expected to enhance TRON’s DeFi ecosystem, particularly for major applications like JustLend and JustStable, which together hold around $6.5 billion in TVL.
From a technical standpoint, Coinpedia reports that TRON may be nearing a bullish breakout. If TRON consistently closes above its 2021 all-time highs, a surge to $0.30 may be on the horizon. However, if it fails to break resistance, a significant sell-off could follow.
Cutoshi Aims to Leverage Meme Culture and DeFi Utility
Cutoshi, a unique project that combines meme culture with DeFi functionalities, is gaining attention during its presale phase. Drawing inspiration from both the Chinese Lucky Cat and Satoshi Nakamoto, Cutoshi aims to build a community-centered DeFi ecosystem focused on decentralization and financial empowerment.
A central part of Cutoshi’s strategy is a multi-chain DEX that enables seamless asset trading across blockchains. The platform also features “Cutoshi Quests,” which encourage community engagement by awarding users “Cutopoints” for completing specific tasks. These points can be redeemed for CUTO tokens, incentivizing long-term participation and fostering community spirit.
Cutoshi plans to roll out an NFT collection offering symbolic value and in-platform perks for early adopters, as well as a Learning Academy to help users deepen their understanding of DeFi concepts. With a merchandise shop featuring Lucky Cat-themed items, Cutoshi is looking to build a recognizable brand, vital for success in the meme coin space.
As the crypto market looks to peak by 2025, the question is whether Cutoshi will ride the wave. With over $700,000 raised in a few weeks and a CoinMarketCap listing, there’s clear interest. If the project can deliver on its promises, Cutoshi’s combination of meme appeal and practical DeFi applications could set it up for significant growth when the market surges.
While XRP faces regulatory headwinds, TRON’s solid infrastructure and strategic partnerships and Cutoshi’s fresh, community-focused approach to DeFi each bring unique strengths to the crypto market. With the next bull market likely to peak by 2025, the trajectory for these tokens will be closely watched by investors eager to see which will thrive.
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