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Ethereum (ETH) and Shiba Inu (SHIB) millionaires are turning their attention to a new emerging altcoin that’s making waves in the crypto space. Yeti Ouro (YETIO), a utility-driven meme coin, has raised over $1 million in its first presale stage and is now entering its final phase, with only 13.5% of tokens remaining. As the presale draws to a close, whales are flocking to the project, eager to secure early access before the price rises.
Ethereum Price Prediction: ETH’s Recent Growth Boosts Investor Confidence
Ethereum (ETH) has recently been on the rise with spot ETFs seeing nearly $2 billion inflows in just 13 days. This is a significant turnaround from ETH’s underperformance in 2022 as the asset is set for more gains.
ETH price might hit $5,000 if the ongoing trend of rising demand and supply continues, according to some analysts. The current increase in network activity and Ethereum’s decreasing total supply point towards increased usage of the network and therefore dApps.
📉💰 ETH Price Analysis : Next Target Revealed 💰📈#Ethereum #Cryptocurrency #CryptoNews
Ethereum’s price shows signs of strength, with a slight rebound after retesting the… https://t.co/3mMOJaKw0R pic.twitter.com/mvSW1R4574
— Real World Tokens (@realworldtokens) December 12, 2024
In addition, the deflationary pressures coming from the higher burn rate of ETH through transaction fees are also indicative of a shrinking supply which may translate to higher prices. This comes as the assets locked into Ethereum’s ecosystem have risen to $77 billion, boosting the possibility of ETH to re-test its 2021 peak.
Shiba Inu Coin Gains Attention as an Altcoin with Potential
Shiba Inu coin price remains unfazed by the general market volatility. After rising by 133% within the period between August to November this year, the coin has caught the attention of investors as well as experts. The key support level has been established at $0.000024 and according to the analysis, SHIB price may rise by as much as 92% to $0.0000520 soon.
📈 LONG: #SHIBUSDT | $SHIB | 12h
Shiba Inu token has growth potential but requires new investments to increase its price.
👉 Trade SHIB on MEXC: https://t.co/YIm4LOmeGq pic.twitter.com/QzGk1UypGn
— Crypto | #1 Free Signals (@best_analysts) December 9, 2024
The possibility of its growth is backed by the expansion of the Shiba Inu ecosystem, especially its Layer 2 blockchain, the Shibarium. As for the long-term Shiba Inu price predictions, SHIB may climb up to $0.0001 by 2027, according to the experts.
Yeti Ouro Attracts Attention with Strong Presale Results
A new altcoin, Yeti Ouro, is making waves in the crypto community. Launched on the Ethereum blockchain, Yeti Ouro has managed to secure more than $1 million during the presale, with 86.3% of the tokens already sold in the first stage.
This new token is associated with Yeti Go, a play-to-earn racing game, and integrates the fun factor of meme coins with benefits that are functional in nature. The presale success indicates that there is ongoing demand for the cryptocurrency, especially from the whales who are trying to make quick profits from early investments.
Currently, 13% of Stage 1 tokens are still available, and it is expected that the presale will end soon, the price may rise in the next stage, even though at the moment it is $0.012. The strategic burn mechanism and staking rewards of the project add value to the project and attract investors to the project. With the game’s further development, the community is closely observing the potential of this coin to revolutionize the meme-coin market and bring value to its holders in the long run.
Join the Yeti Ouro community on X (Twitter), Telegram, and Discord.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.