Ethereum To $4,000 And Solana Hits $117 Billion Market Cap

Ethereum has gained 19% since November started, lagging behind peers like Bitcoin, which is up 35%, Solana, which has gained 40% and XRP, which has impressed with a 120% rise this month.

Ethereum has performed poorly in the current bull rally, lagging behind Bitcoin, which hit a new all-time high this week. However, analysts believe Ether can still hit $4,000 by the end of the year. Solana has outperformed Ether, surging past $115 billion in market capitalization.

In the play-to-earn gaming sector, Yeti Ouro (YETIO) is attracting investor attention with its innovative utility memecoin.

Ethereum To 4,000 And Solana Hits $117 Billion Market Cap

Since the beginning of November, Ethereum has risen by 19%, trailing behind its peers such as Bitcoin, which is up by 35%, Solana, which has gained 40%, and XRP, which has seen a stellar rise of 120% this month.

In this bull run, Ether hit a high of $3,420, which it couldn’t sustain for long before dropping back to trade just above $3,000, where it has remained largely stuck. This has pushed its market capitalization to $380 billion, cementing its position as the king of altcoins. Trading volume has also been impressive over the past two weeks, averaging $35 billion daily.

This year, analysts anticipate that Ether will reach $4,000. Some analysts have observed that in each bull cycle, there comes a point when Bitcoin slows down its momentum, and Ethereum overtakes it to begin the altcoin season.

While Ethereum underwhelms, Solana, one of its main competitors, has impressed. SOL has increased by 40% in November, reaching a local high of $248 and a market capitalization of $117.5 billion. The Ethereum killer seems poised to overtake Tether to become the world’s third-largest cryptocurrency by market cap.

Solana has outperformed Ethereum not only on the price charts. According to DeFiLlama data, Solana has generated more fees than Ethereum, indicating that its ecosystem has grown so large that it can now compete with the original smart contract chain. On Tuesday, for example, Solana generated nearly $12 million in daily fees, while Ethereum only clocked $6.3 million.

Yeti Ouro Captures Attention In P2E Gaming

Meanwhile, Yeti Ouro has emerged as one of the hottest projects in the memecoin space, capturing the attention of investors in the play-to-earn (P2E) gaming sector. Yeti Ouro is built around Yeti Go, an exciting game that pits players against each other for a reward paid in YETIO tokens.

In its ongoing presale, it has sold over 42.8 million YETIO tokens to eager investors who are keen to get in early on one of the coins being touted to gain 100X within the next year. Interest has especially been high this week as investors target the 20% bonus that will be available until November 25th.

Moreover, a recent behind-the-scenes video by the Yeti Ouro team has reignited interest in the project. The video introduces the team behind the game and shows the journey of building Yeti Ouro, capturing the dedication and passion of the team.

Yeti Go allows users to race against each other on a thrilling track. Players can attack each other with weapons bought at the in-game store with YETIO tokens while dodging multiple hazards and obstacles. The immersive game, built using the Unreal Engine, tests a player’s gaming acumen, quick reflexes and strategy, with the winners receiving their rewards in YETIO.

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