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XRP hits a 3-year high amid Ripple’s wins and SEC shifts. Cardano holds strong as Yeti Ouro leads viral meme coin buzz.
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XRP price prediction: The year of XRP
Cardano price stays above $1 as investors flock to Yeti Ouro
Between Ripple winning in its case against the SEC, the resignation of Gary Gensler from the agency and XRP reawakening and hitting a three-year high, it has been a magnificent year for XRP. The token is expected to surge even higher as Ripple expands its blockchain innovations. Meanwhile, Cardano is holding strong above $1, as new viral meme coin Yeti Ouro (YETIO) dominates the market.
XRP price prediction: The year of XRP
Since 2021, XRP has failed to impress in the subsequent bull rallies, falling behind its rivals and peers like Ethereum, Solana and Bitcoin, which it once competed with as a top-five crypto five years ago. It has long been criticized by many, with Forbes dubbing it a ‘multi-billion dollar zombie chain.’ Its multi-year court battle with the SEC hasn’t helped its course, with institutional investors staying away and some platforms delisting it in that time.
Then came the US elections, and as the crypto market started to rise after Donald Trump’s victory over Kamala Harris, XRP emerged as one of the major driving forces behind the rally. In November, the altcoin gained 250%, making it its best monthly performance since the 2018 bull rally when it surged to its ATH of $3.84.
One of the significant boosts for XRP has been Ripple’s strides on the legal and tech fronts. The California blockchain payments firm, which spearheads the development of the XRP ecosystem, has notched major victories this year, none more so than its legal victory over the SEC. While the agency was pushing for a $2 billion settlement for alleged securities law violations, the court opted for a $125 million fine, which in the crypto sector is a mere slap on the wrist as some, like Binance and Genesis, have paid $4.3 billion and $2 billion in fines, respectively.
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Cardano price stays above $1 as investors flock to Yeti Ouro
Cardano is the other sleeping giant that has awoken in November, tripling its price in the last 30 days. This bull run enabled ADA to hit the $1 mark for the first time since March 2022.
Technical indicators show that despite hitting the milestone, ADA could be positioned for even higher gains. The next target for the token is $2.453, which would correspond with its 1.618 Fibonacci level. After this, the next target would be $8.30, its 2.618 Fibonacci level. If ADA hits this target, it would have gained 670% from its current price, making it one of the best investments in crypto.
However, investors have identified Yeti Ouro as an even better investment and are flocking to the new viral meme coin’s ongoing presale. This presale has seen investors scoop up 66 million YETIO tokens, raising $840,000 for the project. Yeti Ouro is offering a 20% Cyber Monday bonus, further incentivizing investors.
Yeti Ouro is based around Yeti Go, a new play-to-earn game that rewards players with YETIO tokens for winning their races. Players must dodge obstacles along the race track while also attacking fellow players and fending off their attacks to give themselves an edge.
Yeti Ouro has focused on giving YETIO utility, setting it apart from most meme coins. The token’s supply is also capped at one billion tokens, and 5% is allocated to the token-burning mechanism, making the token deflationary.
To learn more about Yeti Ouro community, visit the website, X, Telegram, and Discord.
Read more: Bitcoin ETFs surge, XRP shows strength as Yeti Ouro emerges as the next viral altcoin
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