Now, some experts predict that its biggest threat could come from a seemingly unlikely source. Cutoshi, a fun memecoin, is also building a complete DeFi system that could eat into XRP’s market.

XRP Struggles Amid Legal Battle With SEC

Ripple (XRP) is a major firm that specializes in crypto solutions for businesses. Namely, XRP is the currency of choice for Ripple’s business-oriented global payments network. As global payments are one of the most important use cases for crypto, Ripple is in a good position to benefit. Yet, despite this, XRP has been struggling.

Last year, XRP reported a modest gain of 18.62%, putting it at its current price of $0.5905. This gain is low considering that Bitcoin, a much larger currency, rose 150% in the same period. Weighing in its price is its ongoing legal battle with US regulators and frequent token sales.

What is more, it looks like the SEC is still targeting Ripple for its XRP public offering. After a preliminary ruling that went in Ripple’s favor, reports suggest that the US regulator will likely appeal the decision. This could result in another lengthy legal battle, after one that already lasted for years. If the court accepts the SEC’s appeal, this would be a disaster for XRP, just as traders were hoping for a relief.

With the SEC still at its heels, XRP is having a hard time breaking out. At the same time, a new crypto token threatens to take a large portion of Ripple’s market.

Could Cutoshi Replace XRP?

At first glance, Cutoshi (CUTO) may look just like an ordinary memecoin. Inspired by the Chinese Lucky Cat, a symbol of prosperity in the East, it seeks to bring luck to your crypto. But Cutoshi is much more than just a memecoin.

Drawing from the teachings of legendary Bitcoin creator Satoshi, Cutoshi has a vision of a completely open financial system. It is building a DeFi ecosystem completely run by its own users, with low fees and no restrictions.

At its center will be a multichain DEX, powering all sorts of financial transactions on the chain. In addition to a DEX platform, Cutoshi will feature farming, staking, rewards, and NFTs. These all enable holders to earn even more.

This is why experts are predicting that Cutoshi has a real potential to be the next big hub for global payments. With no restrictions and low fees, it has what it takes to take on XRP.

Conclusion

Cutoshi has a bold vision for the future of DeFi. What is more, it just opened its presale, at the low price of $0.015. Be sure to get your tokens while they are still at this price, because it could soon jump to $1.

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

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.