Two popular meme coins, Bonk and Dogecoin $0.389187, have recorded some massive price swings within the last few days. At the same time, Yeti Ouro, a utility memecoin project built around a play-to-earn (P2E) game, is also attracting attention with its ongoing presale and original concept.
Bonk Surpasses Dogwifhat As Solana’s Leading Meme Coin
Bonk has emerged as the dominant meme coin on the Solana $239 blockchain after doubling its price this week. It now holds the top spot previously occupied by Dogwifhat which received a high-profile Coinbase listing, initially boosting its position.
However, Bonk’s much larger circulating supply and lower price per token have made it more appealing to retail investors. Many buyers equate lower token prices with higher growth potential, contributing to Bonk’s surge in popularity. In the last 24 hours, resistance has been identified at $0.00005200, as the price has struggled to sustain itself above this level despite several short-term rallies.
On the flip side, support is at $0.00004800, which seems to have acted as a psychological level through which buyers have rushed in to contain the downtrend.
Dogecoin Maintains Momentum As Traders Eye Key Price Levels
Dogecoin, the original, largest and most popular memecoin, has successfully climbed over critical resistance points, including $ 0.32 and is expected to remain stable in the bullish run.
Analyzing the market data shows that the trading volume of DOGE is still high and amounted to $9 billion in the past 24 hours. Despite occasional fluctuations, some of the investors still pin high expectations on it to get to $1. Above $0.40, there is a possibility for the continuation of an upward movement, and a break above this level can open the way for this.
The frequent mentions from Elon Musk on D.O.G.E and other celebrities, as well as new partnerships, continue to drive Dogecoin’s growth.
Yeti Ouro Captures Attention In The Play-to-Earn Gaming Sector
While other memecoins are currently trending, Yeti Ouro is distinguishing itself from the masses by integrating meme culture with a play-to-earn game, giving its native token YETIO utility. Launched as an ERC-20 token, YETIO has a capped supply of 1 billion tokens, and has a 5% token burn to increase the overall scarcity of the token.
The Yeti Ouro team is developing Yeti Go, an immersive racing game built using the Unreal Engine. The game allows players to compete in high-octane matches while using the platform’s native token, YETIO, for entry fees, rewards, and in-game purchases. Players can buy customizations and weapons in the marketplace, further integrating the token into the game’s economy.
The presale for Yeti Ouro is currently in its first stage and has already raised over $500,000. Early investors benefit from a 20% bonus on all deposits, an offer that ends on November 25th, increasing the project’s appeal. The Yeti Ouro team also recently released a video that offers insight into the building of the game and other behind-the-scenes activities by the dedicated developers. The video showcases the passion, diligence and hard work that has gone into the game’s design to offer players an optimum experience.
With plans to list YETIO on major exchanges, the project is positioned for significant growth as it approaches its second presale phase.
Conclusion
It’s memecoin season, with Dogecoin and Bonk leading the market in gains and trading volume.
However, investors who want to spot the next best opportunity before it blows up are heading to Yeti Ouro and investing in the presale before YETIO goes mainstream and becomes a household name.
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