The recent US election has shocked the crypto world, bringing in one of the biggest rallies in years. XRP was one of the best performers, seeing a 300% increase to its multi-year high. Now, analysts predict that Ethereum can replicate this success, which is great news for one ETH-based token Cutoshi (CUTO).
XRP’s 300% Rally Leaves Solana In The Dust
Ripple’s XRP has been one of the best performers in the recent cycle. In early December, XRP reached a multi-year high of $2.86, a 300% rise from its levels before November. In fact, this was the highest level its price has been at since 2018.
Source: CMC
Even after a recent correction to $1.99, XRP is still up 230% in the last 30 days. The surprising surge came on the election news. In particular, Donald Trump’s victory made pro-crypto policies much more likely. Ripple will likely be among the biggest beneficiaries.
XRP has long established itself as a crypto for businesses, offering firms an easier way for international money transfers. However, businesses and financial institutions are much more sensitive to regulatory pressures. Coupled with the SEC’s lawsuit against Ripple Labs, XRP was seen as a risky investment.
With the shift in regulatory conditions, Ripple stands to gain both business and investment from major institutions. This is why XRP shot up to the third spot among crypto assets, overtaking both Solana and USDT.
Will Ethereum Replicate XRP’s Success?
With regulatory developments boosting XRP, Ethereum (ETH) could be next. The DeFi giant is on the cusp of bringing in even more institutional investments, which have the potential to propel it much higher.
The alt season is in full swing, and Ethereum is the biggest among them. On December 10, Ethereum was trading at $3,571, seeing a daily correction of 7%. This puts its yearly gain at 51%, which sounds good but is not great by comparison. In addition to underperforming XRP, Ethereum also underperformed Bitcoin, which is much larger.
Despite this, things are looking up for Ethereum. The recently approved Ethereum spot ETFs in the US are bringing in substantial institutional investment. Investors have an interest in Ethereum due to its huge DeFi ecosystem, which is still dwarfing all others.
Recent price predictions are also bullish for Ethereum. For instance, a panel of 50 industry analysts puts Ethereum’s average price in 2025 at $6,105. Due to the crypto market’s volatility, this means that Ethereum has a good shot at gaining upwards of 300% at some point in the coming year.
Ethereum’s Rise Benefits MemeFi Token Cutoshi
The growing institutional interest in Ethereum’s ecosystem is benefiting ERC-20 tokens and DeFi projects. The latest token to benefit from this is Cutoshi (CUTO), which blends memes with DeFi utility.
Cutoshi is a memeFi token on the Ethereum blockchain. While it is a memecoin, it is also building a decentralized ecosystem run by its users. This vision has attracted a lot of attention from traders. By December 10, Cutoshi has raised $1.35 million in presale investment, just a month after its launch.
Cutoshi, which aims to make DeFi accessible to average users. So far, DeFi has struggled with attracting users with limited technical knowledge. If Cutoshi succeeds, institutional investors are sure to jump on the opportunity to invest in the token.
For more information on the Cutoshi (CUTO) Presale:
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