Shiba Inu has defied a broader lack of momentum in the crypto ecosystem to start the week with a bang, while Base Chain’s largest memecoin Brett pushes to crack into the top 50 coins in the market. Meanwhile, viral memecoin Yeti Ouro (YETIO) is edging ever closer to raising $1 million in its ongoing sale
Shiba Inu and Brett Soar
In the ongoing bull market, memecoins have done exceptionally well. Today, they boast a $122 billion market cap and an average of over $25 billion in trading volume. This is an incredible rise from the $55 billion in market cap and an average of $6 billion these tokens recorded just a month ago.
Shiba Inu and Brett have been two of the more significant players in this memecoin mania. SHIB has gained 80% since the start of last month and 23% in the past seven days, which is the highest among the top six memecoins by market cap. SHIB defied market conditions at the start of the week to start December on a high. $0.00003291 on the first day of the month.
Brett (Based) also posted a similar chart. The memecoin rallied to $0.234 on December 1st, its highest price ever. While it has retraced slightly, it’s still trading above the $0.2 mark for a $2.02 billion market cap, which cements its position as the largest memecoin on Base Chain. It remains among the best altcoins to invest in as Base continues to expand and the ecosystem thrives.
Viral Altcoin Yeti Ouro Closes In On $1M In Presale Funding
Elsewhere, Yeti Ouro, a new viral altcoin on Ethereum 
$3,239, is edging toward the $1 million mark in its ongoing presale, where investors have scooped up over 76 million YETIO tokens. The presale price of $0.012 is considered heavily discounted by analysts, who believe that once it proceeds to the next stage of the presale, this price will surge.
Yeti Ouro’s play-to-earn game Yeti Go makes the project a utility-first ecosystem, where value is more important than hype and speculation. This is best reflected in YETIO, a token whose primary focus is powering a thriving gaming ecosystem, not speculative trading. On Yeti Go, players pay with YETIO to join the races, and if they emerge victorious, they earn their rewards in the form of a token. They can also use it to purchase weapons, unique skins and other customizations that enrich their gaming experience.
The team behind Yeti Go has been selected from some of the world’s top gaming studios. Members have played leading roles in the development of world-leading gaming titles, such as Call of Duty, Spiderman and The Witcher 3.
Yeti Ouro’s tokenomics make it one of the coins to watch this bull rally. The project has capped its supply at one billion tokens, setting it apart from most memecoins with trillions of tokens. It has also allocated 5% of the supply to its token-burning mechanism, reducing this supply even further to boost the price.
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