Following a massive price surge in this month’s bull run, Solana has finally set a new all-time high, and analysts say it could keep surging toward the end of the year. On the memecoin front, Pepe has been one of the best performers, with Yeti Ouro making its mark as one of the best new projects to invest in during its ongoing presale, attracting over $500,000.
Solana’s New ATH, Pepe’s Massive Opportunity
Solana has been gaining steadily since the November 5th US elections. While some, like Dogecoin and XRP, slowed down after two weeks of impressive gains, SOL has kept going, gaining over 20% in the past seven days. This has helped push it to a new all-time high this week at $263.36, for a $124.35 billion market cap.
Solana’s rise to the top hasn’t been by chance. The network has been quietly building one of the most robust and active ecosystems in the crypto sector. Decentralized exchanges (DEXes) on Solana have seen a surge in trading volumes from a range of $6-$7 billion just weeks ago to averaging over $17 billion this week. Even more notably, half of all DEX volume has been flowing to Solana, allowing it to surpass Ethereum.
Analysts believe that SOL still has the potential to surge much higher. One analyst says that the token has been trading in a four-base parabolic curve pattern and that it’s currently completing the second base. The third base will range around $1,000, with the fourth pushing SOL to $4,000.
Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 7
Pepe, on the other hand, has provided great returns to investors in the current bull cycle. It has traded around $0.00002 in the past week, maintaining its market cap above $8 billion, which has secured its position among the top 20 cryptos and made it the third-largest memecoin.
One analyst notes that since its breakout on November 13th, it has been trading in a descending wedge pattern. In mid-week, it breached the upper trendline, indicating a bull rally.
Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 8
Traders Eye New Memecoin After Viral Video
Elsewhere, traders are investing in Yeti Ouro, a new memecoin that merges the excitement of meme culture with the rewards and utility of play-to-earn gaming.
Yeti Ouro’s presale, which is currently in its first phase, has attracted over $500,000 from investors who are backing it to be the next Dogecoin rival. These investors have snapped up 43.5 million YETIO tokens while the price is still low to reap the profits once it starts surging. They have also capitalized on a limited-time 20% bonus, which ends on November 25th.
The team behind Yeti Ouro recently released a behind-the-scenes video showcasing the development of the project and Yeti Go, the network’s play-to-earn game. The video, which has gone viral, has further revitalized investor interest in the project as it displays the passion, hard work and dedication that have gone into it.
https://yetiouro.io/yaya_uploads/2024/11/YETIGO_promo.mp4
Yeti Go is a thrilling racing game, built using Unreal Engine, that allows users to compete for a reward, paid in YETIO tokens. It allows the use of weapons to gain an advantage. The entire ecosystem is powered by YETIO, giving the token perpetual utility, unlike most memecoins.
Conclusion
With a 20% bonus and continued attention from investors, Yeti Ouro is one of the best projects to invest in during the ongoing bull market for investors seeking the next 100X memecoin and the best Dogecoin rival.
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