The crypto market is witnessing activity: Cardano is showing significant growth, while the new altcoin Yeti Ouro attracts attention with its unique concept.
Cardano's Rise
This week, Cardano (ADA) displayed a rise of over 79.5% according to the Line Break chart (TradingView) on April 2, signaling a potential breakout after months of price consolidation. Currently, the price of Cardano is $0.6424 with a market cap of $24 billion. The current setup indicates a bullish trend, especially if macroeconomic conditions remain favorable.
Yeti Ouro: A New Player in the Market
Yeti Ouro (YETIO) is starting to capture attention in the crypto industry as a new altcoin cryptocurrency based on principles of real utility. This token, launched on the Ethereum blockchain, focuses on rewarding community participation and developing long-term projects. YETIO has a deflationary model with a capped supply of 1 billion tokens and scheduled burns of 5% from the total allocation.
Perspective from the Founder of Cardano
Cardano's founder, Charles Hoskinson, shared his view on meme coins, indicating that most projects will not survive without rapid evolution. On the 'Wolf of All Streets' podcast, he noted that meme coins typically go through a 'dumpening' phase if they do not turn into projects with real utility and a purpose-driven community.
Against the backdrop of current events in the crypto market, Cardano is demonstrating reliable growth, while Yeti Ouro offers new solutions for users with a focus on real utility, which may change the future of altcoins.
