SOL dips as BNB surges to its ATH, new viral altcoin Yeti Ouro celebrates $1m raised

Solana dips to $204 while Binance Coin hits a $793 ATH, and Yeti Ouro raises over $1m in its presale, capturing investor attention in a dynamic crypto market.

Solana’s price has experienced a pullback, dropping to $204 on December 11, despite broader optimism in the cryptocurrency market. Meanwhile, Binance Coin (BNB) reached a new all-time high (ATH) of $793, reflecting strong investor demand. Additionally, Yeti Ouro (YETIO), a new altcoin project, has raised over $1 million in its presale, gaining traction among investors and gamers.

SOL experiences market dip amid broader activity

Solana (SOL) dipped to $204, then rose up to $227 later in the day. However, there has been a slight drop in Solana in the past few days, though in the past year, it has been performing impressively with its price rising by 218%. 

Some of the analysts have set the price target of SOL price at $4,000 for the near future, assuming that the current positive trend remains intact. A crypto trading expert recently posted a chart of a “cup and handle” pattern on the monthly chart on the X platform. This pattern usually points to a major break out in technical analysis.

The analyst sees a potential for a breakout above the $260 level to higher Fibonacci extension levels with targets at $2236 and $4013. This prediction shows that the current levels can expand up to 1,861%.

Binance surges to $793 ATH amid bullish momentum

Binance Coin has climbed to an all-time high of $793, marking a major milestone for the cryptocurrency. This surge follows the overall market’s positive trend, particularly due to Bitcoin’s jump to over $100,000.

Despite the BNB price correction that has seen the token lose 13% of its value from its previous all-time high, the token is still trading strongly above major support.

Using the technical approach, BNB has the potential to keep on going up. Potential targets are at $886 and $1,036 based on the Fibonacci extension levels and the MACD presents the bullish momentum. If markets keep on improving, BNB may have the potential to attain new price levels within the next few months.

Yeti Ouro raises $1 million in stage 1 of its presale

Yeti Ouro, an emerging utility-driven meme coin, is the latest entrant to the cryptoverse and has raised over $1 million in its first presale stage. This presale has already sold 85.2% of its allocated tokens, and 15% are still available before the price rise.

Yeti Ouro is based on the Ethereum blockchain and is connected to Yeti Go, a P2E racing arcade game designed using Unreal Engine. The token offers practical use while tapping into the meme craze which is good for both gamers and investors. It also has staking rewards, a burn mechanism that takes 5% of the mining rewards, and 1 billion tokens in the supply to help build the scarcity model for the future.

The quick achievement in the fundraising also indicates that more and more people have faith in the project. At the present phase, early investors are seizing the opportunity to invest at a low price of $0.012 per token. With each stage of presale tokens sold, the price will likely increase in the following stages.

To learn more about Yeti Ouro community, visit the website, X, Telegram, and Discord.

This article first appeared at crypto.news