After a bullish 2024, analysts and investors expect the bull rally to continue this year and have set high targets. Many expect Cardano (ADA) to retest its all-time high and set a new record this year after its end-year surge. XRP has also shown bullish momentum, but it’s the new MemeFi altcoin Yeti Ouro (YETIO) that’s taken the sector by storm as it races through the second stage of its presale gaining whale traction.
Cardano Price Prediction: New ATH For ADA?
This week, Cardano’s price surged nearly 25%, bouncing back above $1. This allowed the token to jump above a descending trendline it has been trading under since hitting a new yearly high in early December.
(Image Courtesy of TradingView).
ADA price next key barrier stands at $1.18, while on the flip side, the support stands at $0.983, its 50-day simple moving average (SMA). Away from the technical front, Cardano is expected to attract investor attention with its planned Plomin hard fork in Q1 this year, which was renamed from Chang hard fork 2.0 in memory of Matthew Leo Plomin, one of the key scientists in the Cardano community.
XRP News
Meanwhile, Ripple (XRP) price is showing signs of a bullish reversal, gaining 13% in the past week alone to hit $2.5, its highest in the past two weeks. These gains have led XRP to surpass $140 billion in market cap, flipping USDT to become the third-largest crypto.
The recent rally allowed XRP price to break out of a symmetrical triangular pattern it had been caught up in since early December, suggesting an upside in the first few weeks of the year. The next target for XRP price is $2.9, and if it breaks above this, it could rally to a new local high in January.
Yeti Ouro Price Prediction: YETIO Races Through Presale
Yeti Ouro continues to impress in its ongoing presale. The Ethereum-based project is currently in the second stage of the presale, where it has sold 21 million tokens. The first stage sold out in weeks, with investors snapping up 100 million tokens.
Yeti Ouro has captivated investors with its fusion of the adrenaline of gaming and the excitement of memecoins. Through its play-to-earn game Yeti Go, the project allows users to make money while enjoying one of the most thrilling racing games.
On Yeti Go, players engage in a high-stakes battle for survival which demands the application of strategy, skills, and quick reflexes. Players must dodge obstacles and fend off attacks from other players to emerge victorious, which entitles them to a reward, paid out in YETIO.
YETIO also powers other aspects of the game; players pay the race entry fees, purchase weapons and power-ups, and trade items on the in-game marketplace with the token. The token can also be staked to unlock exclusive rewards and special in-game features.
Yeti Ouro has capped the supply of YETIO at one billion tokens, with 50% going to the presale and a further 5% to the token-burning mechanism, which reduces the supply over time and boosts the price.
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