Binance Boss believes we are entering a golden age of crypto, a bullish sign for projects like Cutoshi?

Referring to the upcoming pro-crypto US administration as ‘a golden era’, Binance CEO Richard Teng has heralded the dawn of a regime as a big win for crypto. Investors in BTC, altcoins, and decentralised finance (DeFI) projects such as Cutoshi and XRP have also seen momentum in the market.

Bitcoin dominance, altcoin season, andro-crypto policies
The recent win of Republican President-elect Donald Trump in the US Presidential Election 2024 sent Bitcoin from the $70K mark to its all-time high of close to $100K.

However, crypto is about more than just BTC and people have been waiting longer than usual for the altcoin season, which seems to be beginning. One way to see this is through the historical patterns; a decrease in Bitcoin dominance signals investors taking profits and rotating into altcoins and this traditionally comes after a big BTC pump.

For the last few years, investor confidence in crypto has been shaken following multiple instances of fraud, and SEC indictments against Sam Bankman-Fried headlined FTX, once a darling of the crypto world.

The Republican party’s pro-crypto stance potentially marks the beginning of more crypto-friendly policies. The currencies that were under scrutiny by the SEC, such as XRP, have soared to their highest heights since 2021. XRP is up by 100% this week and 430% this month, flipping Solana to become the third-largest cryptocurrency by market capitalisation.

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In addition to a more favourable stance on crypto, Trump’s talk of a Bitcoin National Reserve to help tackle US debt and the release of the DeFi-related project World Liberty Finance show the president's bullish stance.

This cycle is different
XRP, once touted as the crypto for banks who wanted to leverage blockchain, has now risen thanks to this renewed interest in DeFi. Coins such as DOGE have mooned thanks to Trump’s links with Elon Musk.

Institutional investors are already on board thanks to the Spot ETFs, but what about retail? That’s where the likes of Doge and Cutoshi come in, with the latter combining the usefulness of DeFi with the meme appeal of Dogecoin.

Why is this a good time for projects like Cutoshi?
Given this favourable landscape, the laucnh of the hybrid project Cutoshi is timely.

Cutoshi is a meme of the Chinese Lucky Cat, famous for its powers of bringing prosperity to people’s lives. This makes it an attractive purchase for many crypto investors interested in the success of memes like Dogecoin, Shiba Inu, and Pepe.

This aligns with the future US government, one that supports DeFi and the ability of the ordinary person to enjoy the benefits of financial freedom.

Cutoshi is building a visually appealing and low-fee decentralised exchange. This is the first rung of the ladder for those wanting to transact on-chain. It's special due to its cross-chain nature and simple-to-use understanding.

The team then plans to introduce DeFi features, such as token farming in the presale by quests and a DeFi academy to learn to maximise the tech and non-fungible tokens (NFTs) with DeFi utilities.

It took 14 years to get Bitcoin recognised and it’s going to take time to get ‘normies’ to participate in DeFi. So, meme projects backed by DeFi offerings, presented in a fun way, such as Shiba Inu and Cutoshi, are perfect for this.

For more information on the Cutoshi (CUTO) Presale:
https://cutoshi.com/

Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
Email: [email protected]

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

This story originally appeared on: India Times - Author:Faqs of Insurances