Bitcoin price has risen to a new all-time high of $108,268, due to the continued buying interest from institutions and companies. MicroStrategy further cemented its place in the market with the acquisition of $1.5 billion worth of 15,350 BTC. At the same time, the focus turns to Cardano (ADA) and Yeti Ouro (YETIO) as opportunities to enter the market amidst Bitcoin’s continued dominance in the cryptocurrency market.
MicroStrategy’s Bitcoin Holdings Reach Record Levels
MicroStrategy CEO Michael Saylor has revealed that the company now owns 439,000 Bitcoins, which is worth more than $45 billion. The latest acquisition of the BTC at an average price of $100,386 was made when the market reached its new high. This has made MicroStrategy the largest corporate investor in Bitcoin in the market.
Furthermore, institutional investors are also playing their part in the increasing trend, with spot Bitcoin ETFs receiving $637.5 million on December 16. This is a major rise in institutional buying interest, especially given that US buyers are looking forward to favorable policies from the new government.
When the market sees low supply of Bitcoin on over-the-counter (OTC) desks and exchanges, the analysts are confident that BTC price will continue to rise. Analysts have projected that BTC price is expected to reach $115,000, but short-term pullbacks may be expected.
Source X
Cardano Gains Momentum As Whale Transactions Rise
Cardano (ADA) has been in the spotlight as whale activity has been on the rise. According to IntoTheBlock, $16.25 billion ADA, equal to $17.61 billion, was traded in large transactions within the past day.
This surge occurred while ADA price was increasing by 3.77% and now stands at $1.10. According to the analysts, buying interest could push Cardano price higher as the cryptocurrency moves closer to $1.50. In addition, there are speculations in the market that ADA-based ETFs might get approved under the Trump administration, who has nominated Paul Atkins as the next US SEC chair. If so, Cardano could see prices rise.
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ADA has been exceptionally performing in the last one month and has shown a gain of 50.78%. Buying interest is still strong at the $0.95 level, while the $1.35 level should be looked at as a key resistance.
Yeti Ouro Sees Strong Demand
Yeti Ouro, a Play-to-Earn (P2E) gaming token, is about to complete the second presale round. As of now, it has 3.3% of the current stage, and the token is going for $0.017. The first stage of the presale process saw the tokens being sold at 100 million, with the proceeds being $1.27 million.
The total capped supply of YETIO tokens is 1 billion, and the burn strategy which is active is supposed to slowly decrease the number of tokens in circulation. The game Yeti Go, which is the company’s P2E game, has gained attention from investors because of its AAA-quality graphics, easy-to-learn controls, and engaging gameplay.
The Yeti Ouro team, which collaborates with asset creators behind major game titles, is finalizing additional features, including maps and Dolby Atmos-supported sound technology. Analysts forecast YETIO to reach $0.50–$1.00 by late 2024 and $3.00 by 2025, driven by the growing gaming and cryptocurrency markets.
Yeti Ouro has recently announced a meme contest! The top prize is $2,000 for first place, $1,000 for second place, and $500 for third place. To enter, unleash your creativity by crafting engaging Yeti-themed memes and sharing them on X. Be sure to tag @yetiouro and include the hashtag #YetiMeme in your post. For full details, visit the official Yeti Ouro X channel.
Join the Yeti Ouro Community
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