In every bull rally, there’s a point at which Bitcoin peaks and Ethereum becomes the trendsetter, ushering in the altcoin season. Analysts believe that this point is almost here, and as BTC hits $100,000, it could be Ethereum’s turn to set new highs. Meanwhile, savvy traders are investing in Ethereum’s main rival, Solana, and Yeti Ouro, a new utility project whose presale has attracted quite a buzz in the crypto sector.
Ethereum And Solana To Take Off Before Year-End
Analysts have identified Ethereum and Solana as the two coins to watch before the year ends. However, the two have fared quite differently in this bull market.
Ethereum has failed to impress, despite the rest of the market surging and some major coins, like Solana and Bitcoin, setting new all-time highs in the past two weeks. Month-to-date, Ether has only gained around 30%, bringing its gains this year to 50%. While this has been enough to solidify its position as the largest altcoin with a $410 billion market cap, it hasn’t excited investors like many of its peers.
However, analysts expect Ether to wake up from its slumber and surge toward the end of the year. Experts from global banking Standard Chartered predicted that ETH would hit $10,000, aided by the ‘Republican sweep’ in the recent elections, helping catapult the overall market cap of crypto to $10 trillion in the medium term.
Solana, on the other hand, is enjoying its best run of form since 2021. Last week, it hit a new all-time high of $263.5, taking its market cap past $125 billion and making it more valuable than Starbucks, Nike and Sony.
Solana’s fundamental metrics have all been surging, supporting analysts’ theories that it could sustain its growth in the long term. Its trading volume has been hitting $10 billion in recent weeks as investors rush to capitalize on its form. The total value locked in its DeFi ecosystem surged 46% in the past month to hit $9.3 billion, the second-largest after Ethereum’s.
Investors Rush To Yeti Ouro Before Price Increase
Savvy investors seeking the next 100X memecoin are rushing to invest in Yeti Ouro, a new utility memecoin, before its price increases. The project is in the first stage of its presale, where it has attracted thousands of investors and sold over 44 million YETIO tokens. The tokens are going for $0.012, a steep discount given the project’s appeal and projected growth, which many expect will push the price to $1 over the next year.
The Yeti Ouro team recently released a new video that shows the intrigues behind the scenes as the developers build Yeti Go, the new play-to-earn game that merges the excitement of cryptocurrencies with the adrenaline of gaming. The video offers a closer look at the hard work and passion that have gone into the project.
YETIO offers investors an early entry point into what could be the next formidable Dogecoin rival. With its supply capped at one billion tokens and 5% allocated to the token burning mechanism, Yeti Ouro is positioned to be the next memecoin to break out.
Conclusion
While Ethereum and Solana compete to be the biggest altcoins, savvy investors are looking beyond them for the next 100X opportunity, and Yeti Ouro has emerged as one of the best projects to invest in.
Join the Yeti Ouro Community
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Source: https://cryptodaily.co.uk/2024/11/crypto-news-today-analysts-predict-ethereum-price-and-solana-price-to-take-off-in-q4-investors-also-accumulating-new-trending-erc-20-token-before-price-increase