After a slight dip midweek, the crypto market has regained its momentum as overall market cap hits $3.4 trillion. Solana has recovered from its weekly low of $223, while Shiba Inu is struggling to hold onto its gains. Meanwhile, investors are flocking to Yeti Ouro (YETIO) to capitalize on its 20% Black Friday bonus.
Solana News: SOL Targets $400 As Shiba Inu Coin Dips
Solana price dipped from $263 at the start of the week to trade just above $220 midweek, its lowest price since November 17th. The entire Solana ecosystem faced headwinds, with the overall market cap of the network’s tokens dipping from $350 billion to $228 billion, and their trading volume dipped nearly 50%.
However, since then, it has gained 10% to end the week on a high. Its market cap is now above $116 billion, but trading volume is still way below the highs it recorded a week ago.
SOL trades just below the 50% Fibonacci retracement level from the downward swing, and to sustain its revival, it must sustain above $244, its 61.8% Fib retracement level.
Despite the short-term volatility, Solana is positioned for major gains by the end of the year, and holders are targeting $400. Solana remains one of the most diverse and robust networks and has been competing with Ethereum for the throne of the ultimate decentralized ecosystem. In the past few weeks, Solana dApps, including its decentralized exchanges (DEXes), have been outpacing Ethereum. The network has also been generating more revenue than Ethereum on some days, giving a peak into the future of both networks.
Shiba Inu Coin News: SHIB Sees A Dip
While Solana shines, Shiba Inu price has been shaky this week. The second-largest memecoin was unable to sustain the gains that the US elections sparked earlier this month, dipping drastically on Wednesday. While Shiba Inu coin has recorded a slight comeback over the past two days, it has still yet to rediscover its form.
On-chain data shows that SHIB’s fortunes could get drastically worse if it falls below $0.000025. Above this price point, nearly 79% of all SHIB holders are in profit. However, if the memecoin dips below this price level, it could trigger massive sales of up to 76 trillion SHIB, which would be catastrophic for its price.
Investors Flock To Yeti Ouro For Black Friday Bonus
Investors on the hunt for the next 100X crypto opportunity are flocking to Yeti Ouro in its ongoing presale, whose first stage has raised $730,000 and sold over 60.6 million YETIO tokens. The investor interest has been reignited by a limited-time 20% Black Friday bonus, which ends on December 2nd. With the token going for $0.012 during the current presale stage, Yeti Ouro has emerged as one of the best opportunities in crypto today.
YETIO’s supply is capped at one billion tokens, and 5% of it is allocated to its token-burning mechanism. This ensures that the token stays deflationary and, unlike many other memecoins in the market with trillions of tokens in supply, it gives it a platform for future gains.
Yeti Ouro revolves around Yeti Go, its new and thrilling play-to-earn (P2E) game, where players get rewarded in YETIO for winning their races. They also pay race entry fees, purchase customizations and weapons and stake the tokens for exclusive content.
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