Ethereum Whales move the needle in crypto market while this altcoin slowly gains traction

Crypto Ethereum

Ethereum Whales move the needle in crypto market while this altcoin slowly gains traction

The Ethereum whales are again moving, this time with the intention of breaking the crypto charts. As the whales start to accumulate, a question lingers: will Ethereum bypass Bitcoin this time？ While crypto enthusiasts debate over this, there‘s a potential project paving the way for the future crypto market. Yeti Ouro (YETIO) is moving steadily, slowly diverting investors’ attention towards itself with amazing features and promising gains.

Ethereum Whales turn the crypto market upside down

Looking into the on-chain metrics, it clearly shows that the market cap of Ethereum has increased by 57.32% in the past month, growing from $210.47 Billion to $330.84 Billion in the stated time period. In the meantime, the volume of said altcoin saw a massive peak during early May, growing as high as 54.76 Billion before falling drastically throughout the month. Currently, Ethereums volume is at 33.37 Billion. On the other hand, the total supply has also increased throughout the month and is currently at 120.72 Million.

Ethereum recently broke its resistance of $2500 and is predicted to rise above $3000, provided there are no hurdles. Besides, the altcoin received massive inflows for the ETF, which is helping it stay afloat in the market. Due to this, the coin‘s 24-hour volume has increased by 122.50%. On the other hand, the market cap has increased by 6.68%, whereas the coin’s actual value has grown by 6.89% in the past 24 hours.

Ethereum is valued at $2731.14 at the time of writing and is predicted to go upwards. Looking into the technical chart, Ethereum recently touched the upper SMA and is having a reversal, indicating that there might be oversold conditions in the near future. Though MACD is above the signal line, a clear bullish sign, the histogram has weak momentum for now.

YETIO moves ahead with futuristic vision

While Ethereum continues to dangle in the crypto market, Yeti Ouro continues to move forward with a futuristic vision in mind. The YETIO token has a clear vision that not only combines both meme and altcoin, but also the gaming industry. The project is aiming for a GameFi sector that will have real-time usage as well.

Though YETIO is in its 4th presale stage (valued at $0.041), the project has already taken steps to establish a solid foundation that will help attain all of its goals. Unlike other projects that solely focus on driving forward, YETIO takes the community-first approach, which can be clearly seen in the various activities they design.

Whether its a festival-driven bonus or a character-designing contest, YETIO ensures that the community grows along with the project. Its latest activity is a massive giveaway of $100,000 worth of tokens, which will be distributed among 5 lucky winners. These winners will be selected through a raffle system, thus making the entire process transparent and unbiased.

Besides, the upcoming game, Yeti Go, is already making talks around the community. The racing game with the P2E technique is set in a massive Yeti world, which might be used for future divisions of the project as well.

The game is laced with amazing characters, features, and graphics, which makes it visually appealing. Besides, there are various daily activities included in the game to make it more interactive.