The cryptocurrency market is still growing, and the traders and enthusiasts have a number of choices in which they can invest their money. Out of the new and existing digital assets, Yeti Ouro (YETIO), Bonk, Pepe Coin, and Dogecoin are the assets that are getting traction due to their appeal.
Pepe Coin (PEPE) continues to be amongst the most sought after meme coins in the market for trading. In the last six months alone, it has appreciated by more than 100% showing the massive profit making potential of this coin in the short term. However, the most recent price drop of 24% in the past month has drawn worries of a continuous downtrend.
PEPE’s value is largely fueled by internet culture and a strong community that supports its growth. Pepe Coin price is within the range of $0.00001813 to $0.00002258, with the first major resistance level at $0.00002445.
Experts argue that a rise above this level can lead to the formation of a rally. In the negative territory, the nearest support level is $0.00001555 and a breakdown of this level may result in a bearish trend.
Bonk Solana’s Meme Coin With Ecosystem Support
Bonk (BONK), the first meme coin on the Solana blockchain, has increased by 24.74% in six months, which indicates the interest of the community. On the flipside, a 20% drop within a month indicates the unpredictability of meme coins. Ranging between $0.00002988 and $0.00003787, BONK stands to face a resistance at $0.00004138 (potential upside of 32%) and support at $0.00002539 (possible downside of 42%).
The success of the project depends on the sustainability of the meme coin craze and the further expansion of the Solana ecosystem. Although BONK has shown some impressive returns so far, it remains a highly risky investment and is most appropriate for aggressive traders looking for quick profits.
Dogecoin was launched in 2013 as a joke cryptocurrency but has grown to be one of the most popular cryptocurrencies in the world. Through the support of Elon Musk, the coin gained momentum and as of 2021, it reached its peak price of $0.73.
As of now, Dogecoin price is at $0.3341, which means it has risen by 7% within the last 24 hours. However, its market is quite unstable where bearish trends have been noticed over the past month. Dogecoin funding rate is currently negative which suggests that investors have lost interest.
Also, the open interest has decreased to $1.52 billion, this is an indication that the market participation has been declining. According to crypto analysts, should bullish momentum materialize, a new all time high of $0.88, a 143% rally from the current state.
Yeti Ouro A New Era of Play-To-Earn Opportunities
Yeti Ouro has now joined the cryptocurrency space with a primary emphasis on the Play-to-Earn (P2E) model, ease of access, and the development of the community. Its flagship racing game, YetiGo, which is based on the Unreal Engine 5, has one of the best graphics and includes a financial reward for players. This is a unique concept because it makes it possible for the users to receive YETIO tokens while playing elimination-style multiplayer races.
Currently, the Yeti Ouro is in the presale phase where it has raised more than $1.64M in total and sold more than $26,068,100 tokens in its second stage of presale. Selling at $0.017 per token, the project is giving a 10% bonus to its first round of investors. Its roadmap includes staking and yield farming mechanisms, global game launches on PC and mobile platforms, and continued updates of the ecosystem. Through the identification of issues with the blockchain and the provision of utility, Yeti Ouro offers potential as a long-term investment.
While the project is still in its early stages, its structured development plan and focus on utility-driven features give it an edge in the highly speculative crypto market. Investors looking for projects with real-world applications are closely watching this token.
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