Dogecoin (DOGE) is back in the green. More buying power from bullish trends as the popular meme coin catches the eye of investors again. Ripple (XRP) then unveiled the launch of its RLUSD stablecoin, which could also add to XRP’s momentum. However, the top dog now is Yeti Ouro (YETIO), a brand-new viral altcoin that has already generated $1.25 million in its presale phase.
With these events shaking the crypto world, investors are watching closely.
Dogecoin Is Leaving No Stone Unturned In Getting Bullish
This week, Dogecoin price consistently gained, a sign of improved trader confidence. DOGE price is trading 7% higher and remains strong above $0.38 as the sandbox and Krypto Coins market prepares for its next breakout.
Although the bullish trend is quoted as a major contributor to Dogecoin testing its resistance level near $0.41 soon, if the momentum persists, DOGE price could reach its all-time high of $0.73, last seen in 2021.
1-month Dogecoin price chart- source: CoinMarketCap
The community-based aspect of Dogecoin remains significant. The currency stays in the news through social media buzz and continues to grow in payment adoption. Despite critics claiming it has no utility, nothing else comes close to its popularity in meme coins.
Dogecoin’s volatility is a profit opportunity for short-term traders. If sentiment remains strong, its bullish setup could become more significant gains.
Ripple’s RLUSD Stablecoin Is Now Live
Ripple made news with its official announcement of the RLUSD stablecoin launch. The USD-backed stablecoin is set to launch on significant exchanges on Tuesday, including MoonPay, Bitso, and CoinMENA.
This launch is subject to NYDFS approval, another key milestone for Ripple. RLUSD will have a 1:1 peg with the US dollar. It will maintain reserves in cash, short-term Treasury bonds and other liquid assets.
1-month XRP price chart- source: CoinMarketCap
The launch of RLUSD, according to Monica Long, Ripple’s president, represents a “new chapter” for XRP. The stablecoin will prop up the use case for XRP by improving cross-border payments and enterprise-grade utility.
XRP has since turned bullish ever since this move. And XRP price has risen 150 percent over the past month, exceeding $2.60. Analysts believe that the RLUSD launch could send XRP even higher, with $3 being the short-term target.
Yeti Ouro Shines With Over $1.25M Presale
While Dogecoin and XRP are stealing the show, Yeti Ouro is gaining momentum fast. This reflects investors’ strong confidence in its ecosystem as its viral presale has already brought in over $1.25 million.
But What Makes Yeti Ouro So Special?
Yeti Ouro combines the fun aspects of meme coins with the actual utility. It drives Yeti Go, an Unreal Engine-built Play-to-Earn (P2E) racing game. Intense PvP races, power-ups, and staking rewards for YETIO holders are waiting to be claimed.
Key features attracting investors include:
- Staking rewards We have already discussed above.
- Supply Sink Mechanism: Visiting the sink to water the flower
- No Buy/Sell Tax: Enhance profits without concealed transaction costs.
- In-Game Marketplace: Buy, sell and trade items and assets using YETIO tokens.
Such features guarantee Yeti Ouro will be an entertaining yet valuable project in terms of its tokenomics.
Yeti Ouro’s future is looking bright, according to crypto analysts. As its presale heats up, some say YETIO could become the next 100x success story in the world of altcoins.
Yeti Ouro has launched a meme contest with a prize pool of $2000 for 1st place , $1000 for second place and $500 for third place. To participate, create engaging Yeti-themed memes, and share on X. Make sure to tag @yetiouro and use hashtag #YetiMeme. To learn more head over to the official Yeti Ouro X channel.
The Final Take
It’s an exciting time in the crypto market. Dogecoin’s bullish patterns indicate that the meme coin retains influence amongst traders. With the launch of Ripple’s homegrown RLUSD stablecoin, XRP is well-positioned to rise even higher.
However, Yeti Ouro is making waves with its viral presale success. It demonstrates the project’s appeal — raising $1.25 million in such a short period. With gaming, staking, and utility for its token all combined, Yeti Ouro is set to become the next big altcoin to keep your eye on.
For those investors looking for maximum gains, Yeti Ouro’s momentum provides an exciting opportunity as we move into the new year.
Join the Yeti Ouro Community
Website: https://yetiouro.io/
X (Formerly Twitter): https://x.com/yetiouro
Telegram: https://t.me/yetiouroofficial
Discord: https://discord.gg/YtUsEZ2ZrV
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