SUI set a new all-time high above $3.9 on the weekend after sustaining its post-election rally as many other cryptos stalled. Elsewhere, the Cardano Foundation released its first financial report recently, shedding light on its inner workings and positions. Meanwhile, the new utility memecoin project Yeti Ouro is attracting investors with its limited-time 20% bonus in its ongoing presale.
SUI Hits New All-Time High
SUI hit a new all-time high of $3.92 on Sunday, after a sustained rally that started on November 5. Since the election, SUI has jumped from $1.79 to within a touching distance of the $4 level, a 118% rally in less than two weeks as investors grow increasingly confident in the Layer 1 blockchain.
With a $10.6 billion market cap, Sui has now cemented its position in the top 20 crypto projects. Its trading volume, which has been consistently topping the $1 billion mark, is one of the highest among its peers. This is a massive increase from an average of $400 million last month.
It’s not just the price that has impressed with SUI. Its other metrics have been off the charts in recent weeks, too; its total value locked (TVL), which shows the amount of money in the ecosystem dApps, stands at $1.69 billion, surging 52% in the past month to rank eighth overall.
SUI’s stellar performance, coupled with strong fundamentals, has seen popular Dutch trader and analyst Michael Van de Poppe describe it as “the best thing to buy” for investors seeking to diversify from Bitcoin.
Cardano’s Financial Statement And ADA Performance
Cardano (ADA) has gained 20% in the past week. Despite starting the week with sideways trading, it’s up 110% for the month following a massive rally since November 5th that resulted in its highest price since March.
Analysts have pointed to similarities between the current ADA bull rally to its record-setting rally in 2021 when it set its all-time high of $3.08. Analyst Ali Martinez says that if it follows a similar pattern, it could surge past $6 in the current bull cycle.
The crypto’s performance comes on the backdrop of the release of Cardano Foundation’s financial report for 2023, which shed light on its financial positions and inner workings.
The report showed that the foundation spent $24 million mainly across four areas: adoption, education and operations. Its adoption initiatives took the lion’s share of the funds, which went towards creating rails, tools and ecosystems that make it easier to build on Cardano and transact with ADA.
Yeti Ouro Presale Attracts Investors With 20% Bonus
Meanwhile, investors on the hunt for the next 100X memecoin are investing in Yeti Ouro, capitalizing on the ongoing presale’s 20% limited-time bonus.
Yeti Ouro is built around Yeti Go, a new play-to-earn game that offers the unmatched adrenaline of a thrilling racing tournament. Players must engage their quick reflexes to dodge hazards and obstacles along the way while using their strategy and gaming acumen to outfox their rivals by attacking them and running them off-track.
The entire ecosystem depends on YETIO, a new token that players use to pay to join the races and receive as a reward when they win. They also use YETIO to purchase in-game items, like weapons and power-ups, to gain an edge over their rivals. They can also stake YETIO to unlock exclusive rewards. YETIO’s supply is capped at one billion tokens, with 5% going to the token burning mechanism to further prop the prices.
In the first stage of the presale, investors have purchased over 42 million YETIO tokens, taking advantage of a 20% bonus that ends on November 25th. Investor interest has also been reignited by a recent video showing the development process and other behind-the-scenes footage from the Yeti Ouro team as it builds Yeti Go.
SUI, Cardano Or Yeti Ouro
SUI and Cardano have been on a roll, with the former hitting a new all-time high as the latter has gained over 100% since the US elections. However, investors seeking the next Dogecoin rival with the potential to post 100X gains are investing in the Yeti Ouro presale before the 20% bonus period ends.
Join the Yeti Ouro Community
Website: https://yetiouro.io/
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Telegram: https://t.me/yetiouroofficial
Discord: https://discord.gg/YtUsEZ2ZrV
