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The crypto market is expected to rediscover its momentum in January after a record-setting end to 2024. With Donald Trump set to assume office in two weeks, analysts predict a sharp rally that could catapult several coins to new highs, with Shiba Inu, Solana, and the new utility meme coin Yeti Ouro (YETIO) singled out as three of the best investments for the impending rally.
Solana or Shiba Inu Coin: The Best Crypto for the January Rally
Solana SOL $259.2 24h volatility: 2.2% Market cap: $126.11 B Vol. 24h: $5.83 B price hit a new all-time high in late November in a year full of milestones for the Ethereum rival. Since then, it has shed nearly 20% amid a broader market correction toward the end of the year.
However, analysts believe SOL is still one of the best investments in the upcoming late January rally. One analyst noted that SOL price recently broke above a descending trendline that has limited it since hitting its ATH in late November. It has also broken above the monthly and weekly support, and if it stays above this level, it can target higher gains in the next two weeks.
Shiba Inu Coin SHIB $0.000020 24h volatility: 1.3% Market cap: $11.82 B Vol. 24h: $184.06 M price, on the other hand, has gained over 12% in the past week, which, while notable, lags behind main rivals DOGE and PEPE, which both gained over 20% in that time. The meme coin continues with its token burning, eliminating millions of tokens in the first few days of the new year. Last year, the project burned over 44.6 billion SHIB tokens, worth around $1 million.
Shiba Inu is expected to be one of the big gainers in the January rally as Trump is sworn into office. While DOGE is expected to be the first to skyrocket, owing to its close ties to Trump confidant Elon Musk, SHIB will follow closely behind. In 2024, the meme coin hit a yearly high of $21 billion in market cap in the March rally, and analysts believe it will retest this level in January.
Is Yeti Ouro a Better Investment?
Yeti Ouro might be an even better investment for the upcoming rally, with analysts expecting the new token to move toward $1 once it hits the exchanges. Yeti Ouro’s native token, YETIO, has been selling for $0.017 in the ongoing second stage of its presale, up from $0.012 in the first stage, which sold out in weeks. The Ethereum-based project has sold over 120,000,000 million tokens in just a couple of weeks as investors bet on it to become the next Dogecoin rival.
Unlike most meme coins, Yeti Ouro focuses on offering utility, which it achieves through Yeti Go, its play-to-earn game. Built using the Unreal Engine to make it immersive and engaging, Yeti Go tests the players’ skills, gaming acumen, use of strategy, and quick reflexes. The Yeti Ouro team has partnered on the game’s development with a studio whose portfolio includes Call of Duty, Spiderman, and The Witcher 3.
Players compete against dozens of others to emerge victorious, which earns them a reward paid out in YETIO. They can attack other players to gain an edge, using weapons purchased through YETIO. They can also use the token to buy power-ups and other customizations. Holders who stake their tokens unlock exclusive rewards and other special in-game features.
Join the Yeti Ouro community on X (Twitter), Telegram, and Discord.
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