Despite a slowdown in its momentum over the past week, Dogecoin is still firmly in the race to $1, with traders hopeful that Elon Musk’s continued ascent to the highest echelons of power in the US will keep pushing the memecoin. XRP has established its position above the $1 mark following a massive November rally. Elsewhere, Yeti Ouro (YETIO) is topping presale charts as traders rush to capitalize on the ongoing limited-time 20% bonus.
Dogecoin’s Path To $1
After its monumental surge following the US elections, Dogecoin has plateaued over the past week, where it has shed nearly 10%. Despite the downtrend, DOGE is still up by 130% in November and over 260% in the past three months, making it one of the best-performing cryptos in that time.
The leading memecoin has been trading around $0.38 in the past week, consolidating in a tight phase, mirroring Bitcoin’s price action.
Even more bullish for Dogecoin is the memecoin’s descending wedge pattern in which it has been trading for the past ten days. It breached the upper trendline of this pattern on Tuesday, which analysts say will result in a 120% rally.
XRP Leads Top 20 Cryptos
After a multi-year slumber, XRP has reawakened in the ongoing bull rally. It’s the best-performing crypto among the top 20, surging nearly 50% in the past week as most large-cap cryptos lost their momentum. Its rise to the top is supported by massive demand from investors, with trading volume regularly surging past $6 billion daily.
Investors’ confidence in the long-term prospects of XRP can best be seen on the centralized exchanges, where they have been withdrawing the token en masse. On Upbit, which holds the largest XRP reserves globally, investor withdrawals have taken the XRP tokens held by the exchange to 6.3 billion, the lowest in four months.
Yeti Ouro Topping Presale Charts
Meanwhile, Yeti Ouro, a new utility memecoin that merges the adrenaline of gaming with the excitement of meme culture and the reward of play-to-earn, has been topping presale charts as investors rush to invest in the next Dogecoin rival.
Yeti Ouro centers around Yeti Go, a new thrilling game built on the Unreal Engine, making it fully immersive, engaging and fun to play. In the Yeti Go universe, players compete against each other on a thrilling race track, where they must dodge hazards and other obstacles, fend off attacks from other players and counterattack them to emerge victorious and receive the reward, which is paid in YETIO, the native token of the ecosystem.
Beyond the reward for the victors, YETIO is also used to pay for race fees, purchase weapons and unique customizations and pay for other items on the in-game marketplace. Players can also stake YETIO tokens to unlock exclusive rewards and unique content. YETIO’s supply is capped at one billion, with 5% allocated to the token burning mechanism, which makes the token deflationary and boosts its price.
In the first stage of its five-stage presale, investors have been rushing to purchase YETIO tokens, taking advantage of the ongoing 20% bonus, which ends on November 25th. The Yeti Ouro team also recently released a video that gives insight into the process of building the Yeti Go game, showing the hard work and passion that has gone into the project. This behind-the-scenes look at the passionate team behind the thrilling game has further boosted the presale.
Dogecoin, XRP And Yeti Ouro Present Lucrative Opportunities
Whether an investor selects Dogecoin, XRP or Yeti Ouro, they all offer lucrative opportunities in the ongoing bull market. However, Yeti Ouro, being a new coin, offers a much bigger upside as it can surge 100X, which the other two are unlikely to.
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