The crypto industry has been on an uptrend in the past week, gaining over $700 billion in the past few days to hit $2.88 trillion in overall market cap. While the likes of Bitcoin, Ethereum and Solana have all recorded sizable gains in their prices since mid-last week, it’s the memecoins that continue to generate the best returns for investors.
With meme coins, some investors turn to the tried-and-tested favorites like Floki and Bonk, which have each gained around 50% in the past week. However, savvy investors are turning to new projects as they hunt for the next 100X memecoin, and Yeti Ouro has emerged as the leading contender.
Floki And Bonk Remain Investor Favorites
Floki and Bonk have ranked high on investors’ portfolios since they both launched in 2021.
Floki has rebounded in the past week after starting November on a low. In the past seven days, it has gained over 50% to trade above $0.00018, its highest price since July, although it is still trading way below this year’s record price of $0.00032. Despite the lackluster price movements in recent months, Floki has gained over 420% this year alone, making it one of the top 20 gainers among the 100 largest coins.
Floki has been trading in a descending wedge pattern since its massive break in March. These two trendlines are now set to converge within the next few weeks, setting the stage for a massive breakout that some analysts say should be over 1000%. However, traders are best suited to watch the memecoin’s performance after Trump’s victory euphoria has dissipated before jumping in as the memecoins that made the biggest move could also face the steepest retracements.
Bonk, on the other hand, looks primed for big gains after it broke from a falling wedge pattern that it has been stuck in since hitting this year’s high in May. As illustrated in the graph below, breaking the upper trendline of the pattern could lead to a breakout that hits at least as high as the previous record, with the opportunity to soar beyond.
The consensus among analysts is that Bonk is likely to retest its one-year high, set in May, before the end of the year. However, it has some significant constraints that are likely to hold it back. One of these is its massive supply, which stands at a staggering 92 trillion BONK. This means that the meme coin is never going to edge towards higher figures, such as the aspirational $1, as that would make it almost as big as the entire global GDP at $92 trillion.
Yeti Ouro Piques Investors Interest
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
Savvy investors are already hunting for the next 100X memecoin, and Yeti Ouro (YETIO) is emerging as a strong contender. This exciting new project combines the fun theme of memecoins with the rewarding nature of play-to-earn gaming and a vibrant and engaged community to provide the best investment opportunity in crypto.
Yeti Ouro is deployed on Ethereum, making it secure and decentralized. It’s centered around Yeti Go, an action-packed P2E racing game. The YETIO token is the lifeblood of this gaming ecosystem and is used to pay for fees to join races, in-game purchases for customisations and power-ups, and for trading on the player marketplace. This gives YETIO utility, unlike BONK and Floki, which rely only on hype and speculation.
The token supply is capped at one billion tokens, making it unique in a sea of memecoins like BONK, Floki, Shiba Inu and dozens of others whose supply has hit multiple trillions. Of this, 50% has been available to investors via a presale, and days into it, the project has already raised over $260,000 as investors ape into the hot new utility memecoin. The project has also allocated 5% to a token burn mechanism that will make the ecosystem deflationary and drive down supply over time.
Conclusion
Some investors continue to play it safe and place their money on projects like Floki and BONK that will bear them good profits. However, while this strategy has worked in the past, these memecoins have now hit their prime, and their tokenomics prevent any future surges.
Savvy investors are turning to Yeti Ouro, the exciting new play-to-earn meme coin whose utility is embedded in the action-packed Yeti Go game. Unlike the other memecoins, Yeti Ouro isn’t bound by massive supply caps or a lack of utility, and will likely yield investors much better returns in the long term.
Join the Yeti Ouro Community
Website:https://yetiouro.io/
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