Updated 6 January 2025 at 16:56 EDT
Cryptocurrency Market Cap Could Reach $10 Trillion Under Trump, What Does This Mean for This DeFi Token
New Delhi [India]January 06: The recent elections have dominated narratives about the movement
encryption Market cycle. Donald Trump’s pro-crypto stance is likely to greatly impact the cryptocurrency market, boosting its market value. That’s why some analysts recently came out with a prediction that the total cryptocurrency market could grow to $10 trillion. In this context, one of the viral DeFi tokens, Cutoshi, is expected to benefit significantly.
Could the cryptocurrency market reach $10 trillion?
Recent political changes in the United States are having a major impact on the markets. With Bitcoin surpassing $100,000 and the total cryptocurrency market cap at $3.64 trillion, analysts issue…
Bullish outlook.
And more recently the investment bank
Standard Chartered published a report suggesting that the cryptocurrency market could reach $10 trillion by 2026. They believe that proper regulation, which will likely come from a Republican-dominated legislature, will be a big boost for cryptocurrencies. Furthermore, a leadership change at the Securities and Exchange Commission (SEC) will likely remove significant regulatory risk from the cryptocurrency industry.
According to Standard Chartered,
Bitcoin and
Ethereum It will lead the way to $10 trillion. The investment bank sees Bitcoin at $200,000 by the end of 2025, which would already put the cryptocurrency market near the $10 trillion target. Moreover, the bank sees the price of Ethereum at $10,000 for the same period.
However, not everyone agrees with this prediction. For example, running mate Chris Burniske is more skeptical. He noted that it is important to remain skeptical during a bull cycle, referring to expectations for 2021. At the time, analysts indicated that Bitcoin could reach $100,000. Instead, it is
It peaked at $70,000Then it collapsed to $15,000.
Cutoshi benefits from DeFi and Memecoin growth
As the cryptocurrency market eyes the $10 trillion target, one project is already benefiting. MemeFi icon
Kotoshi (CUTO) secured over $1 million in investment just weeks after launching the pre-sale. This indicates significant potential benefits for the token if the cryptocurrency market continues to rise.
Cutoshi is a combination of memes and DeFi. Its mascot is the lucky cat, a popular symbol in Asia. Meanwhile, Cutoshi is the token of the DeFi ecosystem. At its core, it will be a cross-chain DEX platform, offering low fees, self-custody, and an intuitive user interface. These features are designed to appeal to a wide range of investors, including new investors in DeFi, as it is positioned as an educational platform.
As the cryptocurrency market swells to $10 trillion, more people than ever are likely to join in. The influx of new traders is a boost for platforms like Kotoshi, which attracts those looking for more accessible investments, such as meme cryptocurrencies.
Meanwhile, Cutoshi’s accessible platform can also benefit by attracting new users. As the platform attracts new users into DeFi, the influx of new traders is a big boost for it. Overall, Cutoshi has a great opportunity to help bring more people into the DeFi space.
Join and become a member of the community:
(Disclaimer: The above article is for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests readers/audience to consult their financial advisors before making any money related decisions. ET Now journalists are not involved in the creation of this material.)
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