Following a sustained rally after the U.S. elections, Solana has now surpassed the $100 billion market cap for the first time ever. Cardano is eyeing a major bull rally as holders pursue the elusive $1 price. On the new projects front, Yeti Ouro has soared through the first stage of its presale.
Solana Surges Past $100 Billion for the First Time
The bull rally that was sparked by Donald Trump’s election victory has added over $800 billion to the overall crypto market cap. While it has been memecoins like Dogecoin that have grabbed the attention with their 100% surges, Solana has been quietly scaling the heights and setting new highs.
Following a 17% rally in the past week, Solana’s market cap surpassed $100 billion for the first time ever on Monday. Interestingly, despite setting a new record with its market cap, Solana has yet to surpass its all-time high price for SOL, which was set in November 2021 at $259. It currently trades at around $220. However, it managed to set a new record market cap due to an increase in the supply of SOL tokens since 2021.
Cardano’s Decentralization Plans
Elsewhere, Cardano has finally rediscovered the firm that made it one of the market leaders, gaining over 55% in the past week. Trading at $0.5723, ADA is now in the top ten cryptos with a market cap of $20 billion.
Founder Charles Hoskinson is reported to be involved in the Trump government’s crypto regulations, which would presumably make it easier to trade crypto in the US. The network’s continued strides towards full decentralization have also advanced meaningfully as the Voltaire era in Cardano continues to take shape.
Yeti Ouro Sails Through Stage 1 Of Presale
Yeti Ouro, a memecoin project that seeks to also offer utility, has sailed through the first stage of its presale. Investors who are seeking the next 100X memecoin have purchased over 21% of the YETIO tokens on sale in the first stage.
Yeti Ouro’s utility comes from Yeti Go, a new game built around fierce competition and play-to-earn mechanisms. Yeti Go allows users to race against other opponents on a thrilling course where the goal is to outwit opponents, run them off the course and avoid all the obstacles to win the ultimate prize, which is paid in YETIO tokens.
$YETIO is used to purchase in-game items such as skins and weapons, and pay for items on the in-game marketplace. YETIO holders can also stake them to unlock exclusive rewards and special in-game features.
In the ongoing presale, investors have snapped up over 21.87 million tokens as they seek the next Dogecoin rival. Yeti Ouro has a capped supply of a billion tokens, with 50% available on the presale stage, while 5% each is earmarked for the token burn, liquidity, marketing and the team. Investors who get in early enjoy exclusive benefits, which include early access to the Yeti Go game and special in-game content.
Solana, Cardano Or Yeti Ouro?
All three projects have their merits. Solana has one of the largest ecosystems and has been the most formidable competitor for Ethereum. Cardano has its merits, too: it has an established community, it remains an investor favorite, and its decentralization plans have been taking shape in recent months.
However, Yeti Ouro offers the opportunity to get in early on a project that could surge 100X. It would be like buying Solana when it launched in 2020, or Cardano’s ADA in 2017 before it blew up.
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