Author
Andy Watson
Please check out latest news, expert comments and industry insights from Coinspeaker's contributors.
Analysts are going high on Solana (SOL) with predictions of an $800 price target, Cardano (ADA) has also seen renewed whale accumulation after a recent dip, and investors continue to flock to Yeti Ouro (YETIO), positioning it as the next big thing in the crypto space.
Can Solana Price Hit $800?
Solana has had a good performance in 2024 and in the past, experiencing remarkable growth. The coin has moved from as low as $25 in 2023 to its current price of $194. Despite a recent 10.10% dip in the last 24 hours, Solana remains strong, with a market cap of $93.19 billion and a 24-hour trading volume of $8.42 billion.
Crypto analyst CROW (@TheCrowtrades) compared the 2023 massive rally from $25 to $260 as a possibility and Solana similarly rallied again. This price could move from early this year’s price of $125 to $800.
This projection points to a potential 4x gain from the current price.
Cardano Price Analysis: ADA Whales Accumulate
Cardano (ADA) has faced a challenging period, ADA price trading at $0.89 after a 14.51% drop in the last 24 hours. With a market cap of $31.42 billion, ADA is consolidating near its current levels of around $0.9.
Top analyst Ali Martinez, leveraging Santiment on-chain data, noted:
“Cardano whales took profits on the way up from $1.15 to $1.33, but after $ADA dropped to $0.91, they started buying again. []In fact, they’ve bought 160 million $ADA since the dip!”
The accumulation at $0.91 could suggest a potential upside for ADA as market conditions stabilize.
Yeti Ouro Gains Momentum
Yeti Ouro has continued to capture attention with its innovative approach to combining meme culture and Play-to-Earn (P2E) gaming. Following its presale success, the second stage has raised $74,917.16 in just a few days. This is after selling out all the 100 million Yeti Ouro Tokens to raise 1.2 million in stage 1.
Yeti Ouro has recently launched a meme contest. The contest encourages creativity, with winners receiving YETIO tokens for their contributions. First place is rewarded $2000, second place $1000 and third place $500. Participants can enter by tagging @yetiouro and using the hashtag #YetiMeme on Twitter. The contest will run till December 25th after which the winners will be announced. For more information please visit Yeti Ouro official X channel.
Yeti Ouro’s integration with the Yeti Go P2E game has been a major boost to the investor’s confidence. With a capped supply of 1 billion tokens, Yeti Ouro has a high-growth potential for investors seeking exposure to the next 100x altcoin.
You can also join the Yeti Ouro community on 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.
Editor-in-Chief
Julia Sakovich
