XRP vs. YETI: Can This New Utility Memecoin Eclipse XRP This Year?

The cryptocurrency market has exhibited increased activity as XRP achieves key milestones. On the same note, market chatter suggests that a formidable competitor Yeti Ouro (YETIO), which boasts real-world utility could eclipse XRP this year, adding another layer of intrigue to the market. Hence, it presents an interesting investment opportunity.

The cryptocurrency market has observed increased activity with XRP achieving key milestones. However, market chatter suggests that a formidable competitor Yeti Ouro (YETIO), which boasts real-world utility, could eclipse XRP this year, adding another layer of intrigue to the market. Hence, it presents an interesting investment opportunity.

While XRP has showcased increased stability amid this rocky moment within its parent company, Ripple, at this juncture, XRP price is at $3.18 on Coinmarketcap after the asset realized a 3.72% surge in the past 24 hours. Additionally, the digital asset has recorded a 40.45% surge in the past month.

This XRP price surge comes at a time when XRP enthusiasts eagerly await the potential resolution of the Ripple vs SEC case. This aligns with previous developments, as the SEC is scheduled to hold a closed meeting to discuss key legal matters.

The outcome of the case will significantly influence the future prices of XRP, RIpples native token.

Interestingly, the situation keeps on heating up as recent developments have revealed that Better Markets, a pro-regulation group, has filed an amicus brief in the SEC vs. Ripple case.

Better Markets has filed a brief challenging Judge Torres' July 2023 ruling that XRP programmatic sales are not securities. The group argues the court overlooked the economic realities of XRP's sales and Ripple's marketing, which allegedly targeted retail investors and exploited their profit expectation

In the same vein, Ripple’s CEO and CLO Stuart Alderoty met with Pro Crypto President Donald Trump recently. This development has led to speculations of a resolution to the SEC vs Ripple clash.

As the legal clash continues, XRP remains a hot button in the cryptocurrency market. Not too long ago, XRP overtook Solana and stablecoin USDT claiming the 3rd position.

XRP’s Reserve Bid Fuels Crypto Debate

That’s not all; there has been a proposal for a U.S. crypto strategic reserve that has ignited a heated debate within the cryptocurrency world, with XRP emerging as a central point of contention. Ripple, the company behind XRP, is actively advocating for its inclusion in the reserve.

However, industry-wide support for this idea remains uncertain. Ripple CEO Brad Garlinghouse recently emphasized that the company’s efforts align with the current administration’s focus on adapting an America-first strategic reserve.

He suggested that this approach could increase the likelihood of establishing a reserve that encompasses assets like XRP, Solana, USDC, and Bitcoin further bolstering its potential price increase.

Can Yeti Ouro Outpace XRP This Year?

As XRP solidifies its position in the crypto industry, both institutional and retail investors are increasingly accumulating Yeti Ouro, a hot new utility memecoin, presenting a potential threat to assets like XRP.

Notably, the project is currently in stage two of its presale. The digital asset is currently priced at $0.017 with new investors getting to enjoy a 10% bonus on their purchases.

The project’s increasing popularity and market demand are shown by having sold more than 141,000,000 tokens already.

With a maximum supply of 1 billion tokens, and a burn mechanism, the project has the attribute of scarcity which differentiates it from unlimited supply tokens like XRP which has a total supply of 100 billion. An audit conducted by SolidProof further suggests the project is secure and reliable, driving YETIO’s adoption by investors.

With its community-focused look, the asset has attracted both large-scale and small-scale investors. It is worth mentioning that investors who purchased in Stage 1 have realized over 40% ROI as its price continues to increase through the presale.

Yeti Ouro stands out with its upcoming play-to-earn (P2E) racing game, YetiGo. Powered by Unreal Engine 5, YetiGo delivers immersive graphics and competitive gameplay. Players can earn rewards while racing in elimination-style challenges.

The Yeti Ouro team has provided glimpses into the Yeti Go game level 1 map.

YetiGo is a key part of the Yeti Ouro ecosystem, which also includes staking, yield farming, and plans for a decentralized exchange (DEX) listing.

Notably, with a pedigree that includes Call of Duty, Spiderman, and The Witcher, YetiGo will transcend the typical mobile experience.

The proven investor confidence makes Yeti Ouro a potential long-term investment. YETIO can stand shoulder-to-shoulder with XRP as the crypto market develops, and possibly surpass it in the near future.