It hasn’t been Ethereum’s bull market. The largest altcoin has failed to match its rally from earlier this year, peaking just above $3,500 in November.
Ethereum’s price has lagged behind other major cryptocurrencies in the recent bull market, only reaching its highest price this month on Monday, November 25th, at $3,500. This marks the first time ETH has hit a new all-time high since July. Despite the rally, ETH is still 28% below its all-time high of $4,878, which was set in the 2021 bull market.
While Ethereum’s price may not be keeping up with its rivals, the project remains one of the most important in the space. It holds $64.2 billion in total value locked in its ecosystem, which is eight times higher than second-placed Solana. At $52 billion, it’s also the third-most traded crypto after USDT and Bitcoin.
More significantly, Ethereum is home to some of the most used dApps in the ecosystem, making it the lifeblood of the entire ecosystem. Even the Trump family’s DeF platform is built on Ethereum, and as the billionaire takes over as US president, the platform will continue to attract users, leading to more activity on Ethereum and pushing Ether to new heights.
Bonk and Yeti Ouro are among the hottest projects for investors looking to capitalize on the meme coin trend.
Having risen over 100% this month amid the Solana namecoin-led bull rally, Bonk has cemented its position as the largest meme coin on Solana with a market cap of $3.14 billion. The meme coin hit a new all-time high of $ 0.0000579 a week ago, but failed to maintain the momentum and is currently trading over 25% below the ATH. However, it has continued trading above key support levels, setting it up for a big finish toward the end of the year.
Yeti Ouro, on the other hand, has attracted massive attention in its presale, where investors have scooped up 44.7 million tokens, raising $536,000 for the project.
Priced at $0.012 in the first stage of the presale, the tokens are massively discounted as they are projected to surge past the $1 in the first half of 2025.
Built around Yeti Go, a play-to-earn game where players compete against each other on a thrilling race track, the game rewards the winner with YETIO tokens. Players can also purchase weapons and other customizations in YETIO to gain an edge over their rivals. Additionally, YETIO holders can stake their tokens to unlock exclusive rewards.
