Ripple has gained over 30% prior to now week to commerce at its highest value since July final 12 months. Bonk has surged over 80% in that point as memecoins proceed to dominate. Yeti Ouro, the brand new utility Memecoin
Ripple (XRP) Hits 16-Month High
It has been a great start to the month for XRP. The seventh-largest crypto has gained 30% in the past week as the crypto market extends the US election-fueled rally. This has pushed the token’s market cap to $41 billion, its highest since mid-July last year.
XRP continues to push toward the $1 mark, which it last hit in November 2021. Since then, any attempt to break out has been rebuffed. The most significant was in July last year when the token peaked at $0.794.
As popular analyst MMCrypto on X pointed out, XRP has been trading in a descending wedge pattern since 2020, and it looks set to finally break out. He believes this sets it up for a surge past $3.5.
BONK Gains 80%
Bonk, on the other hand, has cemented its position in the top five largest memecoins in the market with an 80% rally in the past week that pushed its market cap past the $3 billion landmark for the first time ever. This surpasses the previous record of $2.77 billion set in May this year. It also marks a 135% surge since the November 5th US elections, where pro-crypto Donald Trump emerged victorious over Kamala Harris.
The continued price increase has led to a surge in trading volume as more investors chase the profits. A month ago, the memecoin was averaging $200 million in daily trading volume, but it now hits over $2.5 billion regularly, higher than more established projects like Cardano, Litecoin, Avalanche, TRON and Aptos.
The gains could continue for Bonk in the near future. The memecoin has already formed a Golden Cross, where the 50-day and the 200-day weighted moving averages (WMA) form a bullish crossover. This usually points to massive upcoming gains.
Yeti Ouro Presale Surpasses Expectations
Investors are also exploring new projects with greater upside, and Yeti Ouro is one of the most popular. Early investors have snapped up over 21% of the presale tokens as they hunt for the next 100X memecoin.
Yeti Ouro is built around fun, community and engagement. However, it still focuses on offering utility to ensure long-term gains.
The project’s main offering is Yeti Go, a thrilling adventure game that promises the thrill of competition and the reward of play-to-earn gaming. Players pay in the native token, YETIO, to join the races and then compete against other players to finish first, dodging obstacles along the way and attacks from fellow players.
YETIO is designed to be a fun memecoin that also offers sustainable utility. In the Yeti Go universe, the players use it to pay to join races, and also receive it as a reward. Additionally, they can upgrade their weapons to better fend off attacks from the other players with YETIO. Token holders can also stake it to gain access to exclusive rewards and content.
Ripple, Bonk And Yeti Ouro Offer Great Gains
Ripple (XRP), Bonk and Yeti Ouro all offer investors a great opportunity to capitalize on the bull market. While XRP and Bonk are established, Yeti Ouro is the wildcard that could prove to be the next Dogecoin