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Donald Trump’s recent election victory has had a significant impact on several major digital assets. Ripple (XRP), in particular, has seen a strong rally as investors speculate that Trump’s administration could ease regulatory pressures on the crypto sector.
Tron (TRX) and the up-and-coming Yeti Ouro (YETIO) are also gaining traction among investors looking to diversify their portfolios this November.
Ripple (XRP) Targets the $1 Mark
The price of XRP has surged after Trump’s win, as the market anticipates a more favorable regulatory environment for cryptocurrencies. Currently trading at $0.689, XRP has seen a significant increase in trading volume recording over 30% price increase in the last week.
The token’s market cap now stands at $39.2 billion at 7th place.
Much of this optimism stems from Trump’s promise to replace SEC Chair Gary Gensler with a more crypto-friendly regulator. Should this come to pass, the SEC may withdraw its appeal against the court’s favorable ruling on Ripple’s programmatic sales, potentially allowing XRP to reclaim its previous highs.
Tron (TRX)
While XRP is rallying, Tron (TRX) is currently experiencing a slight pullback. Trading at $0.175, Tron is down 6.22% in the last 24 hours, but Tron fundamentals remain strong.
Launched in 2017 by the Tron Foundation, the Tron network was initially built on Ethereum as an ERC-20 token but later migrated to its own blockchain. The platform’s primary mission is to decentralize the internet by giving content creators full ownership rights. Tron enables content creators to earn rewards directly from consumers without intermediaries, thereby maximizing their profits.
Yeti Ouro (YETIO) Gains Momentum in the Play-to-Earn Sector
Yeti Ouro is quickly becoming a favorite among investors looking to tap into the Play-to-Earn (P2E) gaming sector. The token has gained significant attention after raising over $500,000 in just a few weeks of its presale, signaling strong demand from investors. Investors are also enthusiastically taking advantage of the ongoing presale for YETIO, which currently offers for a limited-time only, a 20% bonus on all new deposits.
The game development team invites viewers behind the scenes of the development of their highly anticipated game built on the Unreal Engine.
Yeti Ouro is venturing in the crypto gaming space with its Yeti Go game, which offers users the chance to earn tokens while playing. Built on the Ethereum blockchain, Yeti Ouro combines high-quality gaming experiences with real financial incentives, making it an appealing project for those interested in both gaming and decentralized finance (DeFi).
Yeti Ouro is expected to see continued interest, positioning itself as a leader in the rapidly expanding P2E market.
XRP is on track to potentially break past the $1 mark if regulatory pressures ease, while Tron’s solid fundamentals make it a resilient choice amid market volatility. Similarly, Yeti Ouro’s success in the P2E space highlights the growing interest in crypto gaming projects, giving investors a chance to invest while its still early.
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Source: https://en.cryptonomist.ch/2024/11/17/ripple-price-prediction-xrp-rallies-following-trumps-win/