Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Bitcoin hits $100k, sparking rallies for Dogecoin, Cardano, and newcomer Yeti Ouro, which eyes a potential $1 milestone in 2025.
A midweek rally sparked by Bitcoin’s rise to $100,000 has boosted several cryptocurrencies, with Dogecoin and Cardano among the big gainers. New DeFI token Yeti Ouro (YETIO) also continues to attract investor interest as it eyes $1 in 2025 amid a great debut in its ongoing presale.
Cardano forecast
Cardano has been one of this year’s best crypto tokens for investors after years of lackluster price movements. It has gained over 230% in the past 30 days, hitting a high of $1.3 in early December, its highest price since 2021.
The end-year bull rally came at the perfect time for Cardano. Over the past two years, the network has been on a journey to reinvent itself, with Charles Hoskinson and his team at Input Output progressively handing over control of the network to its community via a number of upgrades.
Cardano’s biggest decentralization upgrade has been Voltaire, whose biggest hard fork, Chang, was in early September this year. Chang ushered in a new era of on-chain governance for Cardano, where ADA holders could vote on proposals and elect governance representatives. Giorgio Zinetti, the CTO of the Cardano Foundation, described Chang as “the biggest event in Cardano history,” and claimed that it made Cardano “the largest layer 1 with on-chain governance.”
When the bull market commenced, Cardano’s ADA was in a great position to leverage this change in investor sentiment, and it has been reflected in its performance, which is the third-best among the top 20 cryptos after Stellar Lumens and XRP, respectively.
Dogecoin: DOGE prepares to rally
Dogecoin has also retained its appeal to investors despite a slowdown in its momentum over the past two weeks. DOGE is still the biggest meme coin, with a $62 billion market cap, which is higher than Cardano and USDC.
One of Dogecoin’s main appeals this year is expected adoption by major companies in the US following the ascension of its biggest cheerleader, Elon Musk, to an influential government position as the head of the Department of Government Efficiency. Many expect that Musk will spark a new wave of major companies accepting DOGE payments, starting with Tesla and X, which he runs.
Yeti Ouro eyes $1
Meanwhile, the new Ethereum utility meme coin project Yeti Ouro is eyeing $1 next year as investors tout it to be the next Dogecoin rival. The project has been selling its YETIO tokens for $0.012 in its ongoing presale, a discounted price that has attracted thousands of investors and raised nearly $1 million for the project. With analysts expecting it to hit $1 next year, the presale price is an ideal opportunity to make massive gains for those who invest early.
Yeti Ouro is built around Yeti Go, a play-to-earn racing game that rewards winners with YETIO tokens. Built using the Unreal Engine, Yeti Go tests the players’ skills, quick reflexes and gaming acumen as they dodge hazards and attacks from fellow players to emerge victorious. The YETIO token also powers other payments, such as the purchase of weapons and customizations and race entry fees, giving it utility and supporting its bullish thesis.
Yeti Ouro has capped the supply of YETIO at one billion tokens and earmarked 5% for the token-burning mechanism.
To learn more about Yeti Ouro community, visit the website, X, Telegram, and Discord.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
