As part of its quest to revolutionize the crypto space, the XRP Ledger (XRPL) has unveiled its XLS-40, tagged Decentralized Identifier (DID) amendment, marking a new phase for developing independent user-controlled digital identities. With the new feature, users will be able to create self-sovereign identities, which will boost the security of transactions on the XRPL.
Meanwhile, Cutoshi is laying the groundwork for launching the new multichain DEX, which is set to solve the common issues people encounter in centralized and decentralized exchanges. With the strong use cases, CUTO price is projected to hit 20x in Q4. For Neiro, the rising market activity could trigger another wave of bullish momentum.
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Cutoshi Is Set To Launch The DEX Platform
One of the major issues investors face with meme coins is their lack of utility. Cutoshi is set to correct that with its hybrid platform, which has fun meme coin and DeFi features. At the heart of the Cutoshi project is a fantastic ecosystem with tools such as a multichain DEX. The Cutoshi DEX is designed to bring blockchains closer and allow for seamless swapping of digital assets.
Another notable feature is the educational platform aimed at enhancing users’ understanding of the DeFi and cryptocurrency market.
Meanwhile, as part of its mission to reward the community, the Cutoshi farming protocol is live. Just 2 days after launching it, more than 1300 users have joined and are already earning. As part of the ecosystem, the farming protocol is designed to reward members who complete certain quests with coins which can be redeemed for CUTO tokens when the platform launches.
This comes after the Cutoshi token was listed on CoinMarketCap, allowing investors to learn more about the project. All these points towards the upcoming CUTO token launch which could drive the price towards $1. Given the over $700k raised so far and the deflationary mechanism, CUTO could hit a massive rally this quarter.
XRP Unveils Decentralized ID With Token Set For Imminent Rally
The recent launch of the decentralized ID (DID) amendment to develop user-controlled digital identities could drive more investors to the Ripple ecosystem, which could, in turn, trigger massive rallies. DIDs are unique, decentralized identifiers that permit users to own and manage their digital identities without the need for a central authority.
The DID amendment is live after a two-week activation period, enhancing the security and privacy of transactions on the XRPL. Reacting to the launch, Mayukha Vadaria, a senior software engineer who helped develop the code for the DID standard in XRPL, said these identities work similarly to a digital fingerprint, offering users a unique and verifiable identity.
This comes at a time 21Shares asset manager filed for spot XRP ETF with the US SEC. Reacting to the positive news, the XRP price has increased by 6% in the past week, with daily XRP trading volume hitting over $1.36B as per CoinMarketCap data. In their XRP price prediction, Ambcrypto projects a rise to $0.61 before the end of 2024.
Source: CoinMarketCap
Neiro Price Prediction – Can Neiro Set New ATH In Q4?
Neiro, the popular Ethereum-based meme coin, has witnessed massive rallies in the past months. According to CoinMarketCap stats, the Neiro price has surged by 81% in the past month and over 645% in the YTD price metrics. The amazing thing is the Neiro market cap, which is still hovering around $100M.
This means the Neiro token could easily flip over 500% and hit $1 in the coming months. Although the Neiro price is 65% down from its ATH of $0.29, the technical analysis from Tradingview points towards an upcoming market rally. The Neiro token trades above the 50-day SMA with over 15 key market indicators flashing buy signals.
In an analysis on X social media platform using a chart, Vegeta, a popular analyst, projects the Neiro price to surge toward $0.65 in the coming weeks. However, to trigger such a bullish move, Vegeta thinks the Neiro price needs to hold support above $0.08. Although the Neiro trading volume is down, it is one of the cryptos to watch out for in the coming weeks.
Bullish Cryptos To Explode This November
With the recent bullish move, investors are using the opportunity to accumulate high-potential altcoins. Cutoshi, XRP, and Neiro are among the tokens that are expected to witness massive rallies in the coming weeks. While the recent DID launch is tipped to trigger rallies for XRP, the ongoing Cutoshi farming protocol will likely drive its adoption which could see it hit 40x soon.
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