The recent changes in the Ripple Vs SEC case have brought new speculations in the market, with chances of the latter winning the long, messy battle. While investors are waiting for the statement, they are looking into a potential meme-utility project, Yeti Ouro (YETIO), that is currently in its third presale stage and bringing in high returns for early adopters.
New Twists In The XRP Vs SEC Case
While the total supply of XRP remains constant at 99.98 billion, the number of holders has increased to 6.19 million, whereas trading volume experienced a recent dip to 2.44 billion in early February, showing slight fluctuations.
The XRP Vs SEC case saw a recent twist when Empower Oversight released news on Bill Hinman, former director of SEC, allegedly taking payments from Simpson Thacher, a firm that supports Ethereum, and gave statements against Bitcoin and Ethereum. Though Hinman never gave any statement against XRP, there are still conflicts of interests in the field. If OIG confirms the same, the case might tilt in favor of XRP.
Standing at $2.4612 at the time of writing, XRP price is showing a massive decline of 7.45% in the past one week. However, the 24-hour trading volume has increased by 98.47%, amounting to $4.888 Billion. Looking into the chart, XRP price is near the upper Bollinger band, suggesting holders are selling tokens for profit, with chances of a potential breakout. On the other hand, the MACD line is way above the signal line, suggesting a strong bullish momentum. To support it, RSI is standing strong at 58.70, indicating an upcoming bullish trend. However, whether XRP will be able to return into the bullish market or not, remains to be seen, as more twists start to unfold in the case.
Yeti Go’s New Teaser Bringing In Investors For YETIO
As XRP continues to face fluctuations due to the case holdings, whale investors are turning their heads towards YETIO’s third presale stage. Yeti Ouro is an upcoming potential project built with the aim of proving the power of community building laced with the fun part through its P2E game.
Currently at its third presale stage, YETIO is priced at $0.024, and sold over 200 million tokens. As YETIO started off at $0.012, it has bought around 100% returns for early adopters. Moreover, Yeti Ouro is currently providing a 10% bonus on all purchases, along with an additional 5% bonus for purchases above $500.
What makes YETIO unique is its utility aspect, which can be largely found in its upcoming game, Yeti Go. An elimination-style fast-paced racing game, Yeti Go is built on Unreal Engine 5, and is currently under development. The game has already made rounds in both crypto and gaming industry due to its cutting-edge technology, amazing concept art, high-level graphics, and unique play-to-earn mechanics. The recently released trailer is the live proof of the game’s technology and quality.
On top of that, the Yeti Go team has partnered with a famous game development company which has worked on acclaimed titles such as Call Of Duty, Spiderman, Dead Space, and The Witcher. To top it off, the game audio is being developed by producers who have worked with Grammy-nominated artists such as Major Lazer, Vybz Kartel, and Kabaka Pyramid.
As Yeti Go continues to cross milestones, it will be proceeding to large-scale tests, which will benefit early adopters as they will get the chance to access the game and earn more YETIO tokens by participating in racing games and other missions.
Besides, the YETIO tokenomics is well-structured, with 50% allotted to presale, 15% for Play-to-Earn (P2E) earnings, and 5% for token burning, inducing proper token scarcity to increase both demand and value. Moreover, YETIO is built on Ethereum, laced with the security audit from SOLIDProof, which increases the chances of scalability of the project.
Final Words
As the XRP Vs SEC battle continues to prolong, investors are diversifying their wealth by investing in potential projects like Yeti Ouro which is prospering in its presale stages.
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