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Ethereum Price Surge Has Investors Buying New Trending ETH Token
The post Ethereum Price Surge Has Investors Buying New Trending ETH Token appeared on BitcoinEthereumNews.com. Ethereum’s price movements have been lackluster in this bull market, but analysts believe that the largest altcoin will reward the patience of its investors before the end of the year. This has fueled interest in ERC-20 tokens, including Yeti Ouro, a new Ethereum-based utility memecoin, whose presale has attracted investors seeking the next Dogecoin rival. When Will Ethereum Soar? Ethereum has been on the receiving end of mocking by some crypto industry leaders for failing to rally alongside its peers, who have been hitting new highs. Bitcoin set a new all-time high (ATH) just last week and is knocking on the door of $100,000. Solana also set a new ATH this past week at $263, riding on the ongoing crypto euphoria. SUI, Pepe, Bonk, and Mantra are the other top 50 coins that have hit new ATHs this month. In contrast, Ethereum’s highest price was $3,485, which was still 30% below its ATH of $4,860, which it hit in November 2021. According to cryptocurrency asset management firm 21.co, the ETFs that launched mid-year could have played a part in its slow growth due to their lack of optimum timing. The firm also believes that the rise of Solana has taken the shine away from Ethereum. Solana is now competing fiercely in sectors such as memecoins and DeFi with Ethereum and has even toppled the more established network on some metrics. However, analysts believe that the largest altcoin will surge in the near future. This price rally will reignite interest in Ethereum-based tokens, better known as ERC-20 tokens. Yeti Ouro Emerges As An Investor Favorite Yeti Ouro is one of the ERC-20 projects that’s receiving high interest as investors position themselves to capitalize on the looming Ethereum turnaround. Yeti Ouro is built on Ethereum and centers around Yeti Go, a new…
The post Ethereum Price Surge Has Investors Buying New Trending ETH Token appeared on BitcoinEthereumNews.com.
Ethereum’s price movements have been lackluster in this bull market, but analysts believe that the largest altcoin will reward the patience of its investors before the end of the year. This has fueled interest in ERC-20 tokens, including Yeti Ouro, a new Ethereum-based utility memecoin, whose presale has attracted investors seeking the next Dogecoin rival. When Will Ethereum Soar? Ethereum has been on the receiving end of mocking by some crypto industry leaders for failing to rally alongside its peers, who have been hitting new highs. Bitcoin set a new all-time high (ATH) just last week and is knocking on the door of $100,000. Solana also set a new ATH this past week at $263, riding on the ongoing crypto euphoria. SUI, Pepe, Bonk, and Mantra are the other top 50 coins that have hit new ATHs this month. In contrast, Ethereum’s highest price was $3,485, which was still 30% below its ATH of $4,860, which it hit in November 2021. According to cryptocurrency asset management firm 21.co, the ETFs that launched mid-year could have played a part in its slow growth due to their lack of optimum timing. The firm also believes that the rise of Solana has taken the shine away from Ethereum. Solana is now competing fiercely in sectors such as memecoins and DeFi with Ethereum and has even toppled the more established network on some metrics. However, analysts believe that the largest altcoin will surge in the near future. This price rally will reignite interest in Ethereum-based tokens, better known as ERC-20 tokens. Yeti Ouro Emerges As An Investor Favorite Yeti Ouro is one of the ERC-20 projects that’s receiving high interest as investors position themselves to capitalize on the looming Ethereum turnaround. Yeti Ouro is built on Ethereum and centers around Yeti Go, a new…
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