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Cryptocurrency News Articles

The Three Best Coins to Invest in for the Next Bull Rally: Shiba Inu, Solana, and Yeti Ouro (YETIO)

Dec 19, 2024 at 06:00 pm

With the first phase of the bull rally seemingly slowing down, experts expect the momentum to reignite at the start of 2025 and have identified the

The Three Best Coins to Invest in for the Next Bull Rally: Shiba Inu, Solana, and Yeti Ouro (YETIO)

As the first phase of the bull market appears to be slowing down, experts are now looking ahead to the next rally, which they expect to begin at the start of 2025. In preparation for this, they have identified the three best coins to invest in, which include memecoin Shiba Inu (SHIB), layer-1 token Solana (SOL) and the new Ethereum-based crypto Yeti Ouro (YETIO).

Shiba Inu Coin And Solana Catch Analysts’ Eyes

Shiba Inu coin has managed to fight off competition from a multitude of other memecoins to remain the second-largest, and this year, the SHIB price has increased by more than 165%. However, since peaking in mid-November, it has been largely trading sideways.

A closer look at its technical analysis shows that the Shiba Inu coin price is set to dip ever so slightly before finding support at its lower Bollinger band of $0.00002438. Following this, it is expected to begin rallying, with one analyst predicting that it could surge by over 150% during the first three months of 2025.

The analyst, who is known to his followers as Alan Santana, observed that SHIB has been trading in an ovular trend, setting higher highs with each rise, and after consolidating, rising again.

(Chart courtesy of Alan Santana)

Meanwhile, Solana has lost the spotlight after being overtaken by XRP, which now has a $45 billion lead in market capitalization after a historic rally in late November and early December.

However, Solana remains a standout investment for many analysts. As one observes, the token has been trading on a descending wedge pattern since surging in mid-November. It recently breached the upper trendline of this pattern, which always indicates that a price rise is on the way. Solana price is targeting $300 in the short term, although some, like renowned Dutch trader and analyst Michaël van de Poppe, have a much more ambitious target of $1,500 to $2500.

This growth is being fueled by Solana’s thriving ecosystem, which has maintained its reign at the top. Just this week, a new report from Electric Capital revealed that for the first time in eight years, Solana had replaced Ethereum as the top ecosystem for new developers.

Yeti Ouro To Outshine Solana And Shiba Inu?

Yeti Ouro has emerged as an even better investment in the upcoming bull rally. The Ethereum-based token merges the excitement and fun nature of memecoins with the thrill of gaming and rewards of play-to-earn.

While many memecoins depend on hype and speculation to survive, Yeti Ouro has built-in utility through its play-to-earn game Yeti Go. The action-packed racing game was developed in partnership with the studios behind world beaters like Call of Duty, Spiderman and The Witcher 3. It was built using the Unreal Engine from Epic Games, which makes it immersive and engaging.

Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.

Yeti Go relies on the YETIO token, which players use to pay the race entry fees, purchase weapons and other customizations and stake to unlock exclusive rewards. Players who win their races get rewarded in YETIO tokens, further expanding its utility.

In the first stage of the Yeti Ouro presale, the project raised $1.2 million, selling 100 million tokens to thousands of investors. The second stage is now underway, and it’s already closing in on $60,000, with the tokens now going for $0.017.

Join the Yeti Ouro Community

Website: https://yetiouro.io/

X (Formerly Twitter): https://x.com/yetiouro

Telegram: https://t.me/yetiouroofficial

Discord: https://discord.gg/YtUsEZ2ZrV

News source:techpoint.africa

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Other articles published on Dec 20, 2024