Is December The Month for New Highs For Ethereum And Ripple? Investors Add New Trending DeFi Token That’s Attracting Whale Activity 

After one of the most bullish months for crypto in November, investors are bracing for an even better December to wrap up what has been one of the crypto industry’s best years yet. These investors are stacking up on the tokens they believe will surge and hit new highs in December, with Ethereum, Ripple and new trending DeFi token Yeti Ouro (YETIO) grabbing the most attention.

New Highs For Ethereum And XRP In December

Ethereum and XRP are the second and third-largest cryptocurrencies in the industry, with a $445 billion and $149.7 billion market, respectively. While their performance over the past month has been markedly different — with XRP vastly outshining Ethereum — analysts believe that both could spike to close the year on new highs. 

Ethereum price has only gained 50% in the past month, but investors are seeing beyond the short-term trends and investing in the largest altcoin to be well-positioned for its upcoming rally.

According to the blockchain analytics platform Crypto Quant, investors have accumulated over 330,000 ETH in the past five days, which is worth over $1.2 billion. Additionally, they have been withdrawing their Ether from exchanges en masse. Since November 28, the number of ETH held on centralized exchanges has been dipping significantly. A dip in exchange reserves is a bullish signal as it shows investors don’t plan to sell their holdings in the near future.

(Source: Crypto Quant)

Ether has also become very popular with institutional investors. This year, institutional Ether products have brought in $2.2 billion in inflows, beating their 2021 record of $2 billion, and there’s still a whole month to go.

Meanwhile, XRP has emerged as one of the forces to reckon with this bull rally. Despite gaining over 420% since the November 5th elections, the token is only getting started and could retest its all-time high of $3.84 before the year ends. XRP’s market cap has already surged past $150 billion, flipping USDT on the charts. 

Analysts say XRP’s big surge is yet to come. Raoul Pal, the former Wall Street titan who now heads Real Vision, says that it’s in the Banana Zone, a term he uses to describe assets that are about to explode.

Crypto Whales Turn To Yeti Ouro

Elsewhere, crypto whales are exploring Yeti Ouro as the best new token to invest in alongside Ether and XRP, especially for those seeking an explosion in their portfolios. 

The new project is in the first stage of its presale, where it has sold over 76 million tokens and is nearly past the $1 million mark in funds raised. In this presale phase, the tokens are going for $0.012, which is a steep discount for a project that looks set to compete with Dogecoin, Shiba Inu and Pepe in the near future.

Yeti Ouro centers around Yeti Go, a new play-to-earn game where players compete on a racing track against other players. They are allowed to push opponents off-track and attack them, all while dodging obstacles and hazards. Winners are rewarded with the native YETIO tokens, which they can also use to purchase weapons, upgrade their customizations and stake to unlock exclusive rewards. 

Yeti Go is designed to be one of the most immersive games in the sector. Yeti Ouro has partnered with leading developers who have previously created iconic titles like Call of Duty and The Witcher 3.

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