Shiba Inu was once the hottest commodity in the memecoin land as it shot up to become the world’s second-largest memecoin after Dogecoin $0.253689. Investors are now turning to Bonk and Yeti Ouro for maximum gains in the upcoming bull rally.
Shiba Inu Appeal
Shiba Inu’s position in the crypto world is firmly cemented. Today, it sits in the top 10 cryptos with a market cap of $16.1 billion, more than three times that of the third-largest memecoin Pepe.
As a large-cap crypto, it can no longer deliver the outsized gains that characterized its rise to the top. Shiba Inu was renowned for gaining over 1,000% in just a few weeks, which reeled in thousands of cryptos. Today, that kind of run is impossible; if SHIB gained 1,000% today, it would be worth more than Solana $172, BNB and Tether.
Investors Turn To Bonk And Yeti Ouro
Unlike SHIB, Bonk has yet to hit the big leagues despite a rapid rise in the past year. In the past month, it has gained 24% as investors ready themselves for the inevitable rally towards the end of the year.
Like most cryptos that shot up after the US election, Bonk gained 50% since November 5th, pushing its market cap above $2 billion and edging closer to the top 50 cryptos.
According to some analysts, Bonk’s modest run as others like Dogecoin doubled its value was due to artificial suppression by traders with heavy war chests. This is reflected by the massive short interest in BONK across most major exchanges.
Additionally, Bonk has been trading inside a descending wedge pattern for most of this year. A technical breakdown shows that the memecoin has breached the upper trendline, with analysts expecting a massive price rise to ensue.
However, Bonk’s upside is still limited. For starters, its 74 trillion circulating supply guarantees that any rise is limited to a short range as the market cap can’t surge past a specific limit. It also has a $2 billion market cap, and this is unlikely to shoot up by a significant margin.
Yeti Ouro
For investors looking for the next 100X memecoin, Yeti Ouro has emerged as the best pick. This new memecoin, built on Ethereum $2,717, balances the excitement of memecoins with the lure of a small circulating supply and guaranteed utility to offer the best investment opportunity of the year.
Yeti Ouro is built around Yeti Go, a new racing game that engages, excites and rewards players. Yeti Go is built on Epic Games’ Unreal Engine, ensuring the highest-quality graphics.
Yeti Go allows users to engage in destructive player-vs-player racing, where they can knock their opponents off the tracks and destroy their vehicles to get an advantage. They can also pick up power-ups and weapons to fend off their rivals. However, they must dodge hazards along the way, testing their gaming acumen and concentration.
Yeti Go relies on YETIO, the ecosystem token on which everything is built around. To enter races, pay for upgrades and customisations and trade on the in-game marketplace, players must make payments in YETIO, making it one of a few memecoins with actual utility.
Yeti Ouro has availed 500 million YETIO tokens—50% of the total supply—in the ongoing presale at $0.012, a bargain price for one of the memecoins with the highest potential. Already, investors have snapped up over 21.7 million tokens.
Out With The Old, In With The New
Shiba Inu and Bonk offer investors time-tested investments that have performed impressively in the past. However, they are unlikely to repeat this feat in the future as they have stalled upon becoming large-cap cryptocurrencies. Yeti Ouro, on the other hand, offers an early door into a project that’s poised to hit incredible heights in the upcoming bull market.
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