Ripple (XRP) failed to impress in the previous bull rally, which peaked in March this year. However, in the current rally, XRP is setting the pace, with holders targeting $10. Meanwhile, investors are targeting Dogwifhat and Yeti Ouro for higher gains.
Ripple’s Path To $10
Ripple has gained nearly 50% since November 5th, when the US took to the polls and elected Donald Trump as the 47th president. In the past week alone, it’s up by 30%, pushing its market cap above $40 billion to flip USDC on the charts.
Despite these gains, XRP is still way off its all-time high price, leaving massive room for growth in the current bull rally. XRP hit its record-high price of $3.84 in early 2018, and at its current price, it’s 81% below that level.
Ripple seems set to surge past its previous all-time high and hit new heights above $10. The altcoin has been stuck in a descending wedge price pattern, and the ongoing bull rally has pushed the token above the upper trendline, which indicates massive upside potential. According to one analyst, this sets the token up to hit $10 over the next year.
Dogwifhat, on the other hand, has had a magnificent year. It has gained 120,000% year-to-date, surging in both the Mach bull rally and the ongoing rally to cement its position as the fourth-largest memecoin in the market after Dogecoin, Shiba Inu and Pepe, with a $3.86 billion market cap.
Since the elections, it has gained 120%, its highest price since early April. In the past week alone, it’s up 67%, aligning with the ongoing memecoin resurgence. Collectively, memecoins have gained over $60 billion since the election, with the trading volume surging from an average of $6 billion to $68 billion.
WIF continues to receive the backing of major exchanges and trading platforms. The latest is Coinbase which announced this week that it now supports the Solana-based memecoin.
Yeti Ouro Primed For 100X Gains
Investors seeking higher gains in a new project are investing in Yeti Ouro, a memecoin that also packs utility for sustained growth.
Yeti Ouro is built around Yeti Go, a thrilling fast-paced game that combines the adrenaline of competing against other players for bragging rights with the reward of play-to-earn gaming, where the victors receive their winnings in YETIO tokens.
YETIO promises sustained utility as players also use it to purchase customizations and weapons, pay to join races and pay for items on the in-game marketplace.
YETIO has a capped supply of one billion tokens, with 5% allocated to a token-burning mechanism to gradually reduce the supply and boost the price. In the ongoing presale, investors have snapped up 21% of the tokens as they seek the next 100X memecoin.
Conclusion
Ripple seems poised to surge to $10 over the next year as its fortunes change, while WIF continues to set the pace on the altcoin market. Meanwhile, Yeti Ouro offers investors the opportunity to bet on the next Dogecoin rival early in its journey.
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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
