Shiba Inu ($SHIB) and Yeti Ouro ($YETIO) have taken the social media and the crypto world by storm as both of these projects are targeting to reach $1. While Shiba Inu has been enjoying a tremendous price bounce back and the expansion of its ecosystem, Yeti Ouro has also risen to the spotlight through its P2E game named Yeti Go.
While the hype around both tokens continues to rise, communities are eager to know which token will hit the highly anticipated $1 price first.
Shiba Inu’s Price Recovery Supported by Technical Strength
Shiba Inu is still rebounding from the latest decline, indicated by a burn rate spike of 6,223% and strong on-chain metrics. At the time of writing, SHIB had fallen to $0.00002521, despite a relatively stable performance. Nevertheless, there has been a slight correction, and SHIB is almost at a crucial resistance level of $0.00002275, which could lead to a surge to $0.00004 if it is breached.
The golden cross pattern appears in the daily chart of SHIB, where the 50 DMA crossed the 200 DMA. This is a bullish signal and the RSI is 66.26 means that the buying pressure is still strong. But, according to the analysts, SHIB can encounter short-term selling pressure because the RSI is heading toward the overbought mark.
On-chain metrics also back the bullish thesis of Shiba Inu as a 50.91% price-DAA divergence indicates growing user activity. Furthermore, the SHIB exchange reserves have decreased by 0.46%, which may denote that there is a decline in selling pressures, implying accumulation.
Yeti Ouro Presale Gains Momentum Amid Exclusive Game Preview
Conversely, Yeti Ouro has been booming because of investors’ interest in the company’s new game called Yeti Go. The development team has posted a behind-the-scenes video, giving players a look at what they can expect from the game, a competitive P2E game that runs on blockchain technology.
So far, the project has received more than $508,000 in its presale. This is catalyzed by a 20% bonus available from November 18 to 25. This bonus has created tremendous engagement as Yeti Ouro moves to the second phase of the presale. The platform has a total token supply of 1 billion YETIO tokens and plans the deflationary mechanism of burning tokens to keep the balance between the limited supply and value.
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The Yeti Go game which is based on Unreal Engine enables players to get real rewards for playing the game. Players can buy better gaming assets, bet coins, and explore the various aspects of the game all while using blockchain. However, Yeti Ouro’s strategy has been to appeal to two audiences, those who are interested in meme coins, and those interested in P2E games, thus preparing the project for further expansion.
Investor Speculation Over $1 Target Intensifies
The competition between Shiba Inu and Yeti Ouro has sparked discussions among investors about which token could reach the $1 target first.
Shiba Inu’s ecosystem expansion, including the Shibarium layer-2 blockchain and its diversified tokens (SHIB, Bone, Leash, and Treat), reflects its long-term ambitions.
Yeti Ouro, on the other hand, leverages its focus on utility and community engagement. With its presale in progress and the upcoming Yeti Go game, it has positioned itself as a contender in the memecoin space.
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
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