2024-11-29 20:00 |
Alongside XRP, Cardano (ADA) and a new altcoin, Yeti Ouro, are showing signs of growth amidst a broader crypto market rally.
XRP Price Surge: Institutional Interest Drive GrowthIn the last two weeks, the purchasing activity has been on the rise in XRP. As per Santiment, during this period, more than 700 million XRP tokens which show increased confidence in the asset.
If the price of XRP can break through the upper border of the current ascending channel, the price could rise to $2.58 soon.
Furthermore, there are high expectations that the United States may approve an XRP ETF in 2025 thereby increasing the chances of an XRP rally. Ripple’s decision to rebrand its European XRP ETP through Bitwise provides a further bolster to the bullish case for XRP’s long-term prospects.
This increased demand from large-scale investors could push XRP’s price even higher, potentially reaching $5 by 2025.
Cardano News: ADA Price Shows Positive TrendsWhile XRP grabs attention, Cardano (ADA) is showing strong signs of growth. In the last couple of days, more than 130 million ADA tokens have been purchased, during price retracement and ensured the support at $0.30.
Consequently, Cardano price has recovered and is approaching the $1.00 level. Such levels of accumulation may indicate that institutional investors are bullish on ADA’s future and this could lead to further price appreciation.
Other technicals also suggest that Cardano remains in a strong uptrend. The RSI is above the 70 level suggesting that short-term selling pressure might be encountered by ADA. Nevertheless, based on the current situation, Cardano price may easily break through the key resistance levels, and the price may rise above $1.00.
Yeti Ouro: A New Altcoin Gaining Investor AttentionBesides XRP and Cardano, a fairly new altcoin – Yeti Ouro (YETIO) – is also becoming more popular. Priced at $0.012, Yeti Ouro is getting the attention of investors because it has a high possibility of being applied in the gaming industry. The token is incorporated into the Yeti Go, a Play-to-Earn (P2E) racing game developed on Unreal Engine where players can earn YETIO tokens while playing the game.
Yeti Ouro is already in its presale phase and has already generated over $620,000. With a total supply of 1 billion tokens making it more scarce. This game is expected to launch soon, which may increase Yeti Ouro’s demand and price. The development team has recently shared a behind-the-scenes video showcasing the ongoing work of the team.
Moreover, Yeti Ouro is now having a Black Friday sale, which means that the tokens can be bought with a 20% discount from the 29th of November to the 2nd of December. This limited-time offer will also help to attract even more attention to the project as investors are searching for new possibilities in the spheres of gaming and blockchain.
Join the Yeti Ouro CommunityWebsite: https://yetiouro.io/
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This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
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