Amid the US’s post-election, it’s all been wild in crypto land as Shiba Inu’s (SHIB), Floki, and the fresher of the two, Yeti Ouro (YETIO) make a splash in the market in the first half of November. The tokens are getting attention for their price action as well as their expanding utility.
Shiba Inu (SHIB) Showing Consolidations
Shiba Inu, often dubbed the “Dogecoin Killer,” has been a long favorite long before meme coins became the hot property that they are today. At the time of writing, SHIB is trading at $0.0000257 with a 2.23% gain in a single day and has moved its market capitalization to $15.14 billion. In the past 24 hours, SHIB’s trading volume has exceeded $1.25 billion indicating an enormous market influx.
From a technical standpoint, it is held within a tight consolidation range on the 1-hour chart. An awesome Oscillator indicates an increase in the bullish momentum as the token tries to break out of its resistance at 0.000026. If SHIB can clear this level and rally to the next target of $0.00003, this will be a massive psychological milestone for investors.
Floki (FLOKI) Facing Resistance
This month has been one of the most interesting memecoins to watch and Floki has been one of them. The token has rallied an awe-inspiring 49.77% over the past week, trading at $0.0002648 at press time. Its market capitalization is now $2.54 billion while the total trading volume in the last 24 hours is almost $959.8 million. It is the token with a 37.82% volume market cap ratio indicating great liquidity and high market activity.
The 1-hour chart shows Floki is flirting with a breakout from immediate resistance at $0.00027 on the technical side. The token has reached this level but there is a chance that if the bulls keep pushing at this level, Floki could see explosive gains to the tune of $0.0003. Bullish sentiment overhypes its ecosystem for its robust performance.
Yeti Ouro (YETIO): Your Go-to Alternative?
Advertisement Banner
Taking a focus on gaming, Yeti Ouro is the latest innovation in the P2E space. Compared to ordinary memecoins, YETIO brings a meme culture into the crypto space alongside real-world utility. This makes it one of the most powerful candidates to be the next Shiba Inu rival. YETIO is built on the Ethereum blockchain and its total supply of 1 billion tokens creates capped scarcity while ensuring long-term value.
Yeti Go is the core of the Yeti Ouro ecosystem and is a P2E racing game that promises to couple fast-paced action with real rewards. You can go PvP racing battles with power-ups and trick maneuvers to knock them off the platform or avoid environmental hazards. Combining these with the capacity to earn and use YETIO tokens in playing the game and customizing your Yeti Go, Yeti Go presents itself as a bold new player in the gaming world. The development team has released an exclusive behind-the-scenes video offering a glimpse of themselves in action.
YETIO boasts very rewarding tokenomics that burn the token by 5% over time for continued deflationary pressure. P2E rewards are also allocated 15% of the total supply to encourage active participation. Furthermore, early investors get a 20% bonus on purchases until 25th November.
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
This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach The Bit Journal’s audience directly. The Bit Journal’s editorial team does not create, endorse, or verify the content of Brand Press posts. Any views or opinions expressed in this content are solely those of the advertiser and do not reflect the opinions or views of The Bit Journal. The Bit Journal is not responsible for any claims, errors, or omissions in the content provided. For advertising inquiries, please email . [email protected]
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
