XRP ETF Filed by 21Shares; Bonk Declines, Investors Eye Cutoshi

Less than nine months after the approval of the Bitcoin and Ethereum spot ETF, asset manager 21Shares has filed for an XRP ETF with the United States Securities and Exchange Commission (SEC),  a move that could trigger massive rallies for the XRP price. According to crypto analyst Amonyx, Ripple’s price could hit $260 soon. 

In another development, Bonk’s price has witnessed a sharp drop as investors migrate to the ongoing Cutoshi presale. Having started the presale a few weeks ago, Cutoshi’s adoption rate has skyrocketed, driven by the unique multichain DEX. With the Farming protocol going live, CUTO could hit $0.1 this quarter.

Investors Move To Cutoshi After Growth Projection

Cutoshi, the upcoming DeFi project, has witnessed a massive inflow of investors barely a month after launching the presale. Cutoshi is a revolutionary project inspired by the traditional Chinese Lucky Cat, believed to bring luck and fortune to people, and the teachings of Satoshi Nakamoto. Combining both ideas, Cutoshi aims to bring luck to investors’ digital assets.

Cutoshi embodies the values of decentralization, with an ecosystem developed to give investors power and control over their assets. One of the key features of the ecosystem is the Cutoshi multichain DEX, designed to allow for on-chain swapping of digital assets. Other notable features are the Cutoshi Academy, farming protocol and NFT merchandise. 

Meanwhile, the Cutoshi farming protocol is live, with early participants already making huge gains. Like the Hamster Combat, Cutoshi farming aims to reward investors who complete certain quests with coins which can be redeemed for CUTO tokens when the platform launches. Also, the project has been listed in CoinMarketCap, boosting its visibility and credibility. 

At the ongoing stage 3 of the presale, CUTO is sold for just $0.0259. The team has raised over $700K in presale funding, signaling its market acceptance. Those who joined early have made a tidy ROI which could hit even higher before the year ends. With the limited 440M total supply, the CUTO price might hit $1 in 2025.

XRP News: 21Shares Files For XRP ETF

Even with the ongoing case with the US SEC, the XRP token has continued to witness massive positive news. The popular asset manager, 21Shares, has become the third firm to file for spot XRP ETF, following Canary Capital and Bitwise. The filing, which was done on November 1st, shows that 21Shares filed a Form S-1 for its Core XRP Trust shares to be listed and traded on the Cboe BZX Exchange. 

However, the filing revealed that the trust does not provide investors with direct exposure to XRP but gives investors the opportunity to access the market indirectly. Reacting to the news, Brad Garlinghouse, the CEO of Ripple, said that the SEC has lost its battle on cryptos. 

Meanwhile, the XRP price has surged by 6% in the past week, setting support above the $0.50 support zone. The XRP market cap has also hit $31B. Considering several technical indicators, Amonyx, an XRP influencer, thinks the price could hit $260 soon. While the possibility of Ripple hitting such is unlikely, the token has a strong chance of breaking through the $1 mark in Q4. 

Bonk Price Analysis – Will BONK Lead The Next Market Rally?

The Bonk trading volume has declined slightly in the past day, which could trigger a slight market correction. As per CoinMarketCap data, the Bonk price has gained just 7% in the past month. However, the popular meme coin has established support above the $0.000020 mark, a catalyst that could drive it towards the $0.000047 ATH which it tested in March. 

According to crypto analyst Clifton FX, the Bonk token is ready for a massive breakout. Clifton believes a successful breakout could push the Bonk price towards the $0.000090 mark, a significant rally from the current price.

Tradingview data shows that Bonk is trading above the 50-day and 200-day EMA. The Bonk market sentiment is bullish with Coincodex, the popular prediction site estimating the Bonk price to rise towards the $0.000072 mark in the short term. With the upcoming bull cycle, Bonk token is among the meme coins projected for massive rallies.  

Is Now The Best Time To Invest In Cryptos?

Looking at the crypto market activity in the past months and the events witnessed in the market, there is a high possibility of market rallies in the coming weeks. Cutoshi, XRP, and Bonk could hit the moon soon. With the unique multi-chain DEX, the CUTO token could witness high buying pressure which could trigger massive rallies for the meme coin. 

For more information on the Cutoshi (CUTO) Presale:

Cutoshi | Twitter | Telegram

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