After setting a new all-time high in the past week, Solana seems positioned to continue with its record-breaking price rally toward the end of the year. Analysts believe that SOL will surge past $300 in the coming year as it solidifies its position as one of the most important crypto ecosystems.
On the memecoin front, investors are eyeing two tokens: Shiba Inu and Yeti Ouro. The latter is a new utility memecoin project that has reignited interest in its ongoing presale with the release of a behind-the-scenes video.
Solana To Hit $300
Solana has gained 150% since the turn of the year as it continues to impress with its sustained rally. In the November bull rally, it has gained nearly 50% and has sustained its momentum as many other altcoins faltered as the excitement of Donald Trump’s election victory wears out.
In the past week, it set a new all-time high at $263.5 for a $125 billion market cap. This completes one of the most incredible turnarounds for any crypto in the top 100 coins in the past two years. When FTX collapsed in November 2022, Solana, which was highly linked to Sam Bankman-Fried, collapsed, hitting a bottom of $13.5 in early 2023. Since then, it has gained over 1,800% to cement its position as the fourth-largest crypto project.
Beyond the price, Solana’s ecosystem has burgeoned in the past two years. Its DeFi ecosystem is the second-largest in the industry after Ethereum’s, with $9.3 billion in total value locked, according to DeFiLlama.
Memecoins: Shiba Inu And Yeti Ouro Lead The Market
In the memecoin market, Shiba Inu and Yeti Ouro have emerged as two of the investors favorites. The former is the second-largest memecoin after Dogecoin, with $15.5 billion in market cap. It has surged over 150% this year, and as the altcoin season starts, analysts expect it to continue impressing and pushing for the top spot.
Shiba Inu has been working on pivoting from being a pure memecoin to offering other solutions with its Ethereum-based Layer 2 network, Shibarium. Founder Shytoshi Kusama has been working to position the memecoin to gain from the continued prominence of crypto and especially Dogecoin in the upcoming Trump administration.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
Yeti Ouro, on the other hand, is a new utility memecoin project that combines the excitement of the meme culture with the adrenaline of track racing and the reward of play-to-earn gaming.
Yeti Ouro is built around Yeti Go, a P2E game that rewards winners with YETIO tokens, its native token. Players compete on a racing track, where they must dodge obstacles and hazards while attacking their opponents to gain an edge. They can upgrade their weaponry on the in-game marketplace, paying with YETIO tokens. They can also stake their YETIO to unlock exclusive rewards.
Yeti Ouro has raised over $528,000 in the first stage of its ongoing presale. Investor interest was reignited by the release of a new video by the project that shows the team’s efforts and other behind-the-scenes footage of the team as it builds Yeti Go.
Solana Or Memecoins?
Solana seems poised to hit $300 in the coming year, rewarding investors who have stuck with it since its 2022 collapse to $13. However, memecoins are better placed to offer bigger gains, and Yeti Ouro is one of the best picks for ex gains.
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