Shiba Inu has doubled its price this year, but investors still believe that it can erase one more 0 before the end of the year. Memecoin investors are also investing in Dogecoin to capitalize on Elon Musk’s ascent to the upper echelons of American politics and in Yeti Ouro (YETIO) a new utility meme coin tipped to be the next 100X opportunity.
The ongoing bull rally has been kind to meme coin investors. While most are in the red over the past week, they have made massive gains since the US elections on November 5th. Dogecoin is up 115% since the month began, while Pepe and Bonk have gained around 90%.
Shiba Inu’s gains have been more modest. The meme coin has gained around 30% this month, hitting a six-month high price of $0.00002940. Since its sharp rise on November 10th, it has been trading in a tight range, reflecting a broader market sentiment as the rally from Trump’s elections wanes.
However, Shiba Inu holders believe that the second-largest memecoin can still erase another 0 before the year ends. SHIB is still one of the more popular meme coins, with over $1.5 billion traded daily. As such, any meme coin rally will likely involve SHIB.
Additionally, Shiba Inu has been building its ecosystem to offer more utility beyond the fun nature of memecoins. Shibarium, its Layer 2 network, is now just shy of two million wallet addresses, while total transactions are now at 565 million. Shibarium has continued to attract users due to its quick block time, averaging five seconds. Its very low fees also appeal to developers whose applications target mass users.
The top crypto traders have been looking beyond SHIB, and Dogecoin and Yeti Ouro have emerged as two of the main alternatives.
Dogecoin’s association with Elon Musk has been one of its key attractions for investors. The Tesla CEO is set to take up leadership of a new department in the Trump administration, giving him access to the top policymakers and regulators. Many expect him to champion positive crypto regulations in general, and for DOGE adoption in particular. Musk, the self-appointed “Dogefather,” has been vocal about his support for the largest memecoin, and with more regulatory clarity on the way, other major companies are likely to accept DOGE payments.
Yeti Ouro is also attracting investors en masse. The new project, built on Ethereum, has seen high interest in its presale, whose ongoing first stage has attracted $536,000 and sold over 44.6 million tokens.
The Yeti Ouro team recently released a new promo video that showcases the passion and hard work that has gone into developing the project and Yeti Go, its new play-to-earn racing game. This has further reignited interest in the presale.
Yeti Go allows players to compete against each other for a reward, paid in YETIO, the native token of the Yeti Ouro ecosystem. Players pay to join the races, trade items on the in-game marketplace and purchase weapons and other customizations with YETIO. They can also stake the token to unlock exclusive rewards and special content.
YETIO’s supply is capped at one billion tokens, and 5% is allocated to the token burning mechanism, making the token deflationary and giving it higher potential.
Website: https://yetiouro.io/
X (Formerly Twitter): https://x.com/yetiouro
Telegram: https://t.me/yetiouroofficial
Discord:https://discord.gg/YtUsEZ2ZrV
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