It’s memecoin season, and projects like Floki, Bonk, and Yeti Ouro are attracting the attention of investors. After a Coinbase roadmap announcement, Floki Inu surged 17%, and Bonk’s market cap increased to $4 billion in the wake of a fresh dash of interest. Meanwhile, in its presale, Yeti Ouro is setting new records as investors scramble to take advantage of a limited-time 20% bonus, which ends in a week’s time.
Floki Inu Soars Following Coinbase Roadmap Announcement
Floki has been one of the coins to watch in the November bull rally. The token saw an impressive recovery, making a high of $0.0002815 against Bitcoin, which is the token’s current five-month high. Floki’s value has nearly doubled over the past week and has remained close to the $0.0002531 support level throughout. Analysts believe that the current consolidation will likely end in another breakout.
Technical indicators show that Floki is in a strong position as the RSI stabilizes after staying on the overbought numbers for some days. However, the Average Directional Index (ADX) shows a slowdown, dipping to 34.02, which means it is relatively positive for upward momentum. A Coinbase roadmap addition doesn’t guarantee a listing, although past patterns indicate a listing could further boost the price of Floki.
Bonk’s Market Cap Reaches $4 Billion Amid Strong Rally
Solana-based memecoin Bonk is making the climb up the market cap charts and has shot past $4 billion now. Over the past week, the token has doubled in value, trading above $0.000052 and shooting past its March high of $0.00004704. Strong community support and high trading activity have propelled Bonk’s rally, as the memecoin cements its position as the fourth-largest memecoin.
Bonk continues to fuel its bullish momentum, as the RSI approaches overbought levels at 76.00. The token has also managed to break beyond key resistance levels, giving reason to believe it may be gearing for a continuation of its upward trend. According to analysts, the price of Bonk can rally as high as $0.000070, doubling again over the next few days. However, traders take profits, and some warn that the rally may encounter short-term corrections.
Yeti Ouro Presale Nearing Sellout as Interest Grows
Being a utility-driven memecoin, Yeti Ouro is in high demand as it nears the summit of the first stage of its presale. Built on Ethereum, Yeti Ouro seeks to complement its fun meme culture nature with utility, centered around its Yeti Go play-to-earn game.
Yeti Go is a thrilling racing game built using the Unreal Engine. It allows players to race against each other on a thrilling track, outwitting each other, attacking opponents and fending off counterattacks, all while dodging hazards along the way. Players who emerge victorious receive a reward in YETIO tokens.
YETIO’s utility doesn’t end with the reward, however. Players pay for power-ups, weapons, customizations and unique skins in YETIO on the in-game marketplace. Holders can also stake YETIO to unlock exclusive rewards.
YETIO’s supply is capped at one billion tokens, and scarcity is further incentivized by allocating 5% to the token-burning mechanism.
The ongoing presale has seen investors snap up over 42 million tokens, generating over $500,000. As the first stage nears closing, the project is offering a limited-time 20% bonus, which ends on November 25th, further attracting investors. The buzz around Yeti Ouro was given yet another boost by the release of a video that reveals the behind-the-scenes of the Yeti Ouro team as they develop Yeti Go.
Memecoins Gain Momentum Amid Market Recovery
Memecoins have received a big boost from Donald Trump’s election in the US, leading to surges for Bonk and Floki and a sharp rise in investors purchasing YETIO tokens in the ongoing Yeti Ouro presale. All three show great promise for the rest of the year and beyond, with Yeti Ouro showing the greatest upside as it’s a new project.
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