According to the crypto gurus, Yeti Ouro, the newly emerging meme coin may pose a threat to Shiba Inu (SHIB) soon. As Shiba Inu coin price continues to grow at a high rate, Yeti Ouro (YETIO) has become the latest token of interest, especially in the DeFi and P2E sectors. Some people think that Yeti Ouro may become a competitor of Shiba Inu and take a place in the meme coin market.
Shiba Inu Coin News Update: SHIB Impressive Performance And Future Outlook
Shiba Inu has been on an upward trend for the last few months, with significant gains in the different time frames. By the time of writing, the meme token had depreciated by 6% over the past 24 hours, signaling short-term dips exchanging hands at $0.0000278.
SHIB has been one of the best performers in the meme coin space within the past month, having gained 69% within the last 30 days and 230% in a year.
Source: X
However, some analysts have recently started to explore the possibility of new competitors that may pose a threat to Shiba Inu’s position. The token hit a multi-month high of $0.000033159, on 1st December, and then experienced a small pullback. Nonetheless, it continues to trade above the crucial $0.00005 level, and, should the bulls manage to clear the $0.00006 ceiling, some analysts expect SHIB to rally by 130% to $0.00006937.
Yeti Ouro: A New MemeFi Token With Real Utility
Yeti Ouro is quickly becoming popular in the meme coin market due to its differentiated model. Unlike other meme tokens which are mainly driven by speculation, Yeti Ouro combines DeFi and P2E elements into its system.
The project is backing the Yeti Go game which allows players to engage in races and get rewarded with YETIO tokens. Furthermore, the investors can use their tokens to stake and get more rewards as well as unlock special features.
The Yeti Ouro project also has deflationary mechanics where 5% of the total supply will be used for token burns. This is a way of limiting supply in the long run hence making the remaining tokens valuable. Yeti Ouro is based on the Ethereum blockchain, which provides the project with security and interconnectivity, making it more sustainable in the long run.
Yeti Ouro’s Rapid Growth In Presale And Pricing Performance
Yeti Ouro’s presale has been a resounding success, raising over $960,000 so far. With stage one currently in its final stages, the token has already sold over 79 million YETIO tokens indicating great interest from the crypto community.
The presale is rapidly moving towards the $1 million mark which will make Yeti Ouro even more promising in the market.
As of the time of writing, the current price of YETIO in the presale is $0.012 per token, which many investors find to be an affordable price for tokens in the early stage of the project.
Join the Yeti Ouro Community:
Website: https://yetiouro.io/
Telegram: https://t.me/yetiouroofficial
Discord: https://discord.gg/YtUsEZ2ZrV
X (Formally Twitter): https://x.com/yetiouro
