Cardano Price Prediction: Will ADA Hit ATH? XRP Shows Bullish Signs, As Yeti Ouro Gains Whale Traction
After a bullish 2024, analysts and investors expect the bull rally to continue this year and have set high targets. Many expect Cardano (ADA) to retest its all-time high and set a new record this year following its year-end surge. XRP has also shown bullish momentum, but it is the new altcoin MemeFi Yeti Ouro (YETIO) that has taken the sector by storm as it hits the second stage of its presale and gains momentum.
Cardano Price Prediction: New ATH for ADA?
This week, Cardano price surged almost 25%, bouncing above $1. This allowed the token to jump above a descending trendline that it has been trading below since hitting a new yearly high in early December.
(Image courtesy of TradingView).
The next key barrier for ADA price stands at $1.18, while on the other side, support stands at $0.983, its 50-day simple moving average (SMA). Beyond the technical side, Cardano is expected to attract investor attention with its Plomin hard fork planned for the first quarter of this year, which has been renamed Chang hard fork 2.0 in memory of Matthew Leo Plomin, one of the leading scientists of the Cardano community.
XRP News
Meanwhile, Ripple (XRP) price is showing signs of a bullish reversal, gaining 13% in the past week alone to reach $2.5, its highest level in the past two weeks. These gains led XRP to surpass the market capitalization of $140 billion, making USDT the third largest cryptocurrency.
The recent rally has allowed the XRP price to break out of a symmetrical triangular structure it has been stuck in since early December, suggesting a rise in the first weeks of the year. The next target for XRP price is $2.9, and if it exceeds this target, it could reach a new local high in January.
Yeti Ouro Price Prediction: YETIO Short in Presale
Yeti Ouro continues to impress in its ongoing pre-sale. The Ethereum-based project is currently in the second stage of presale, where it has sold 21 million tokens. The first stage sold out within weeks, with investors acquiring 100 million tokens.
Yeti Ouro has captivated investors with its fusion of the adrenaline of gaming and the excitement of memecoins. Through its play-to-earn Yeti Go, the project allows users to earn money while enjoying one of the most exciting racing games.
In Yeti Go, players engage in a high-stakes battle for survival that requires the application of strategy, skill, and quick reflexes. Players must avoid obstacles and fend off attacks from other players to emerge victorious, which entitles them to a reward, paid in YETIO.
YETIO also manages other aspects of the game; Players pay the race registration fee, purchase weapons and power-ups, and trade items on the in-game market with the token. The token can also be staked to unlock exclusive rewards and special in-game features.
Yeti Ouro has capped YETIO’s supply at one billion tokens, with 50% going to presale and another 5% to the token burning mechanism, reducing the supply over time and increasing the price.
Join the Yeti Ouro community
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