XRP Holds Key Support Levels While Yeti Ouro Presale Numbers Climb, Could YETIO Redefine Meme Coin Utility?

With XRP struggling at new support levels, thanks to the uncertainty of SEC Vs Ripple case, investors are slowly losing interest in the token. Meanwhile, Yeti Ouro (YETIO), an upcoming meme-utility project, is showing high potential and gaining support from major investors. 

XRP Price Dumping By Whales 

Though XRP continues to have a stable total supply of 99.98 Billion, there are high fluctuations in the coin’s trading volume. As can be seen, there has been a sharp fall of 95% in the trading volume, falling straight from 54.89 Billion to 2.44 Billion. XRP price is currently at $2.26 as published on CoinMarketCap.

Recently, the Ripple Vs SEC case saw a lot of twists unfolding. With the OIG revealing Hinman’s involvement with Simpson Thacher (legal firm supporting Bitcoin and Ethereum) and speaking against the coins, to changes in leadership, every aspect has affected XRP’s market performance in the past few days. 

As per reports, whales have dumped around 370 Million XRP coins, which is causing chaos in the market. The massive dump is bound to follow a prolonged downtrend of the coin, for which investors are rethinking their diversification methods. 

The major effect can be seen as XRP price displays a decline of 19.39% in the past week. It is showing a slight increase of 0.01% in the past 24 hours.

However, chances of an uptrend seem slim as the current price is trading near the lower Bollinger band, indicating oversold conditions by whales. To support it, the MACD line is below the signal line, a clear bearish indicator, whereas the RSI stands at 46.38, with the potential of going below 30 if reversal doesn’t happen soon. If XRP price manages to break above the $2.20 mark of the middle Bollinger band, there can be a potential bullish trend. 

YETIO Bringing In The Bulls 

While XRP continues to show uncertainty, forcing investors to break free from the project, YETIO continues to bring in whale investors with its meme-utility features and early adopters' exclusive benefits. Built with the aim of providing real-world usage to investors, Yeti Ouro is combining not only the meme and altcoin market but also bringing in the adrenaline of the gaming industry.

Yeti Ouro is bringing in high YETIO utility through its high-end game, Yeti Go, which is laced with play-to-earn mechanics. Simply put, Yeti Go portrays itself as a platform where investors can utilize YETIO by trading items with other players, buying collectables, using YETIO as entry fees for high-level games, and much more.

Yeti Go is not only garnering attention through its Play-to-Earn (P2E) mechanics; gamers are excited about it due to the involvement of high-end developers who have previously worked in games like Call of Duty, Spiderman, Dead Space and The Witcher. The latest teaser and level 1 map trailer show the cutting-edge technology, graphics, and animation used in the game, which is already creating anticipation in the gaming industry. The game’s audio is being produced by sound engineers who have worked with Grammy-winning artists such as Major Lazer, Kabaka Pyramid, and Vybz Kartel.

Here is the exclusive trailer released by the team showcasing the game’s high quality graphics: 

Level 1 Map Trailer

Yeti Ouro has sold 202,285,598 YETIO tokens in the presale stages, and covered 5.2% of its 3rd presale stage. Valued at $0.024, YETIO is bringing in high returns for early adopters (100% ROI) and is providing a straight 10% bonus on all purchases and an additional 5% for investors spending more than $500. 

Besides, YETIO’s tokenomics clearly portrays the in-built scarcity model of the project, which is bound to increase tokens post-launch. 

As the project is built on Ethereum, it has a chance of good scalability in the future. Moreover, YETIO is audited by SOLIDProof which adds a layer of security guarantee, thus clearing doubts on its credibility.

Final Words

Though XRP is struggling, there’s still no clear indication of the coin’s next step. Whether XRP will go up or fall still remains to be seen. However, investors are slowly beginning to understand the importance of meme-utility projects like YETIO and are showing interest in them. However, it is still advisable to conduct in-depth research on such projects before making any investment-related decision. 

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