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Cryptocurrency News Articles
Pepe Coin (PEPE) and Yeti Ouro (YETIO) Tokens Positioned to Explode as Ripple (XRP) Dominates the Market with 15% Surge
Dec 19, 2024 at 09:00 pm
Alongside this major movement, investors are eyeing two other tokens, Pepe Coin (PEPE) and Yeti Ouro (YETIO), for their potential to deliver extraordinary returns.
Ripple (XRP) price surged 15% in just 24 hours, sparking excitement among investors. But XRP isn’t the only token investors are watching closely. Pepe Coin (PEPE) and Yeti Ouro (YETIO) are also attracting attention for their potential to deliver extraordinary returns.
Here’s a closer look at these three tokens and what analysts are saying about their price predictions.
Ripple (XRP) price is on a tear, surging 15% in just 24 hours and continuing a rally that has seen XRP price skyrocket 141% in the past month. But what’s behind the surge, and where is XRP price headed next?
Ripple (XRP) price has surged 15% in just 24 hours, continuing a rally that has seen XRP price skyrocket 141% in the past month. Several factors are contributing to the renewed interest in XRP and driving its price higher.
One major factor is the recent announcement of the Ripple USD (RLUSD) stablecoin launch. According to Ripple CEO Brad Garlinghouse, RLUSD is “an enterprise-grade stablecoin for everyone.” The stablecoin will be fully pegged to the U.S. dollar and will be available on the XRP Ledger (XRPL).
The launch of RLUSD is a significant event for Ripple and XRP, as it could help to drive greater adoption of both the XRPL and XRP. Several institutions are already showing interest in using RLUSD for cross-border payments and other use cases.
Another factor contributing to the surge in XRP price is the increasing adoption of Ripple’s blockchain technology for cross-border payments. Several payment providers and banks are already using RippleNet to power their cross-border payment services.
Moreover, several new payment corridors have recently been added to RippleNet, including a corridor between the U.S. and Brazil. The increasing adoption of RippleNet is driving greater demand for XRP, as the token is used to pay transaction fees on the XRPL.
Finally, positive regulatory news has also helped to boost investor confidence in XRP and other cryptocurrencies. Recently, the U.S. Securities and Exchange Commission (SEC) dropped its case against bZeroX, a decentralized exchange (DEX) protocol.
The SEC initially alleged that bZeroX failed to register its native token, ZRX, as a security. However, the court ruled that the SEC failed to prove that ZRX is a security, leading to the dismissal of the case.
The ruling in the bZeroX case is a significant victory for the crypto industry and could pave the way for the SEC to reconsider its stance on XRP. If the SEC were to classify XRP as a non-security, it would remove a major roadblock to the adoption of XRP by institutions.
Overall, several bullish factors are converging to push XRP price higher. If the current momentum continues, XRP price could easily break the $3 mark or in the coming days.
Pepe Coin (PEPE) price has also delivered astonishing gains since its launch, amassing a market cap of $9.6 billion and achieving an incredible 1,558% growth in the past year. However, a minor 5.22% dip in the last 24 hours is keeping investors on their toes.
Despite the slight dip, PEPE remains a top memecoin to watch for investors looking to capitalize on the meme coin craze. Meme coins are typically known for their massive price pumps and dumps, making them a high-risk, high-reward investment.
However, some meme coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB), have managed to deliver mind-boggling returns for early investors. Pepe Coin is hoping to follow in the footsteps of these meme coin giants.
Pepe price hit an all-time high of $0.00002825 on December 8, 2023, thanks to strong community support and soaring market demand. The meme coin has since experienced a downturn but is still up an impressive 1,558% in the past year.
If PEPE price maintains its momentum and continues to expand its ecosystem, which includes a decentralized exchange (DEX) and a non-fungible token (NFT) marketplace, the token could reclaim its all-time high in the near future.
Yeti Ouro is slowly becoming the next big player in the cryptocurrency space, thanks to its real-world utility in the Play-to-Earn (P2E) gaming sector. Trading at $0.017, Yeti Ouro has already gained investor attention by pushing it successfully through stage 1 of presale and completing it ahead of time.
The cryptocurrency’s value is tied to Yeti Go, a P2E racing game. After the launch, players will use Yeti Ouro tokens for in-game transactions, race entry fees, and staking, creating a high-demand ecosystem for the token.
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