It has been a memecoin-led bull market in November, with Shiba Inu and Pepe among the biggest gainers as the latter doubled its price in the past week. Since the US elections, Pepe has now gained over 180%, cementing its position as the third-largest memecoin as it edges towards $10 billion in market cap. However, savvy investors are turning to Yeti Ouro as it introduces its exciting new play-to-earn game, Yeti Go.
Shiba Inu (SHIB) PEPE Set The Stage For A Memecoin Rally
Once regarded as ‘just for fun’ tokens, Memecoins have been the standout performers in the ongoing bull rally. Leading the bullish charge is Shiba Inu’s SHIB and PEPE.
Created in 2020, Shiba Inu has shot into prominence in a short time. The coin which is regarded as the second largest memecoin is ranked 11th with a market cap of $14.65 billion. Some analysts speculate that the token could eventually flip Dogecoin $0.375913 (DOGE) which enjoys a top ten ranking with a $15.9 billion market cap. Analysts point to the ongoing technological advancements of the Shiba Inu blockchain as well as developments around the Shiba Inu network. The team behind the project has set out to bring utility to the project, breaking free of its current memecoin status.
Shiba Inu lead developer Shytoshi Kusama has recently proclaimed that it’s time to show SHIB’s strength, hinting at a key development soon. Kusama has been a leading influence in the crypto market and has recently called on Ethereum $3,099’s Vitalik Buterin to explore possible collaborations.
PEPE has also emerged as an investor favorite in recent months. The frog-themed memecoin which only launched in 2023, continues to receive massive recognition. The token reached its all-time high of $0.00002457 this week with its impressive performers driven by its listing on Coinbase. Regarded as one of the largest cryptocurrency exchanges, the listing of PEPE exposes the token to savvy investors with an appetite for leading memecoins. As Shiba Inu eyes Dogecoin among the top ten ranked coins, PEPE is eyeing Shiba Inu’s position. PEPE holds a market cap of $9.4 billion, placing it as the 18th largest cryptocurrency by market cap.
Yeti Ouro Introduces Yeti Go
Yeti Ouro has introduced Yeti Go, a thrilling play-to-earn game that combines the thrill of action-packed gameplay in every race with the opportunity to earn YETIO tokens.
Yeti Go is built using Unreal Engine to give players a fully immersive experience. Players can destroy their opponents’ vehicles through the weapons they purchase along the track and in the in-game marketplace. They must also avoid the hurdles and obstacles along the way. Built by gamers for gamers, Yeti Go offers fast-paced action with skill-based gameplay, testing the application of strategy and quick reflexes. Beyond the thrill of the competitive game, Yeti Go offers players rewards for winning their races.
Yeti Ouro seeks to offer utility for YETIO to set the foundation for sustainable gains. To acquire the most advanced weapons, unique skins, and other customizations that enhance their gameplay, users pay in YETIO. Yeti Go also comes with a player marketplace where they can trade items and customizations for YETIO tokens.
In the ongoing Yeti Ouro presale, investors have purchased over 22 million tokens, accounting for 22% of the allocated tokens. In the ensuing presale stages, the token will offer a total of five hundred million tokens, equating to half the total supply of a billion tokens. 5% of the supply has been allocated to the token-burning mechanism.
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