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Analysts highlight Dogecoin, XRP, and Yeti Ouro as top picks, with XRP soaring, DOGE poised for a breakout, and YETIO offering presale discounts for early investors.
Amid a slight pullback to start the week, analysts believe that it could be the best time to invest in Dogecoin, XRP and the new DeFi altcoin Yeti Ouro (YETIO). Dogecoin has had an unimpressive weekly showing and can now be acquired at a slight discount, while XRP has been one of the best performers in that time and is likely to continue soaring. Yeti Ouro is in its first presale stage, where it’s going for a discounted price as well, making it the best time to get in before it explodes.
The XRP show continues; Is DOGE next?
It has undoubtedly been XRP’s bull rally. The token has quadrupled its value since the start of November as it repays investors who have stuck with it during the trying times. XRP price started the week with a 20% rise in just 24 hours. This was even more impressive given it was against the tide, as seven of the other top cryptos were in the red, with Solana leading the dip at 6%. This brought the total gains over the past seven days to 50% for XRP.
Ripple’s XRP price hit a peak of $2.5 on Sunday night, its highest in six years and ten months. The last time XRP was at this level was in mid-January, 2018, during the bull rally, where it set its all-time high at $3.84. At $2.5, XRP’s market cap was a staggering $141.5 billion, which flipped Tether to become the third-largest crypto after Bitcoin and Ethereum. At that market cap, it was more valuable than Japan’s largest bank, MUFG, and American banking giant Citibank.
XRP has since dipped slightly, allowing Tether to reclaim its position. However, its unfazed momentum in the November bull rally indicates that it’s only a matter of time before it cements its claim to the third position, which it held for years before the SEC came in with its bogus lawsuit and obliterated the token’s market.
As XRP soars, Dogecoin has been a mixed bag. It was among the first to surge after the November 5th elections, but since then, it has been trading sideways on most days. In the past week, it has dipped over 5% and is struggling to maintain its price above $0.4093.
The memecoin’s sideways trading has allowed it to consolidate over the past week, which precedes a major upward breakout. It has struggled to rise past the critical resistance level of $0.43, but once it does, it will surge toward the key psychological level of $1.
Investors flock to Yeti Ouro
Investors are also flocking to Yeti Ouro, a new DeFi altcoin that they believe will yield greater returns than XRP and DOGE. Yeti Ouro’s ongoing presale has attracted thousands of investors who have purchased over 70 million YETIO tokens, raising $842,000 for the project.
Yeti Ouro is focused on offering utility through its native YETIO token, setting it apart from most meme coins today which rely purely on speculation. The token powers its Yeti Go play-to-earn racing game, where players pay race entry fees and receive rewards for winning races in YETIO. They can also purchase weapons and customizations in YETIO and stake the tokens to unlock exclusive rewards.
Yeti Ouro has capped the token’s supply at one billion tokens and allocated 5% to the token burning mechanism, further boosting its performance by making it deflationary.
To learn more about Yeti Ouro Community, visit the website, Twitter, Telegram, and Discord.
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