As Bitcoin soared to a new record high above $87,800 this week, most holders leveraged the opportunity to cash in on the impressive surge. However, MicroStrategy took the opportunity to purchase even more BTC, announcing a $2 billion addition to its already massive stash.
Traders seeking better gains have focused on altcoins, with TRON emerging as one of the frontrunners this week. Meanwhile, savvy investors seeking the next 100X coin are flocking to Yeti Ouro.
MicroStrategy Doubles Down On Its Bitcoin Bet
MicroStrategy has been a trailblazer in the corporate world for its continued show of faith in Bitcoin since the days of Michael Saylor.
In its update on Monday, MicroStrategy revealed that in the 11 days between October 31st and November 10th, it had accumulated 27,200 BTC for approximately $2.03 billion as it continues to show its faith in Bitcoin’s upward trajectory.
The latest purchases take the company’s total holdings to nearly 280,000 BTC, worth a staggering $24.5 billion at current prices.
The business software provider may have struck gold with its investment thus far, but CEO Phong Le says it’s not about to stop channeling money to Bitcoin.
MicroStrategy’s stock price has also been on a massive bull rally due to the Bitcoin links. It recently set a new all-time high above $340; for context, 20 years ago, it traded at $0.5 and before the Bitcoin pivot in 2020, it was changing hands below $20.
TRON’s Popularity On The Rise, But Savvy Investors Target Yeti Ouro
TRON has also sparked interest and attracted sizable investments. Between November 9th and Wednesday, November 13th, the token gained nearly 20% as more investors diversified their portfolios. TRON has also been one of the most heavily traded altcoins, averaging $1.5 billion, indicating that investors have a strong interest, which could push it to a new high toward the end of the year.
However, with a market cap of $15.3 billion, TRON’s upside is capped. This has led investors to explore tokens with bigger potential, and Yeti Ouro has emerged as the frontrunner.
Yeti Ouro is an Ethereum-based project that merges gaming and the excitement and fun nature of memecoins. While most memecoins focus on speculation and hype, Yeti Ouro offers utility, making it the next formidable rival for Dogecoin, Shiba Inu and Dogwifhat.
The project is built around Yeti Go, a racing game that’s designed by passionate gamers, thus capturing the adrenaline that keeps players hooked with fast-paced action and skill-based gameplay.
While it’s fun and competitive, Yeti Go is a play-to-earn game, which makes it more rewarding than similar games. Gamers compete with friends, each striving to finish first while sabotaging their competition and dodging all the hurdles along the way.
The entire ecosystem is powered by YETIO, the native token of Yeti Ouro. Players pay to enter races with YETIO and receive their rewards — if they win their races — through the token. They also make in-game purchases and trade their in-game items with YETIO. They can also stake their tokens to unlock new rewards and experiences.
Conclusion
Investors have the option of investing in Bitcoin like MicroStrategy. While it’s the most popular token, its potential for big gains is limited due to the involvement of corporations and mainstream investors. Those who opt for altcoins like TRON can earn better gains. However, for the next 100X gains, investors must look beyond the established tokens, and Yeti Ouro has emerged as the frontrunner.
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