Shiba Inu And Dogecoin News: Investors Shift Their Attention To Yeti Ouro At $0.021

Key Insights

• Dogecoin and Shiba Inu are two of the largest memecoins on the market by capitalization.
• Both of these coins performed extraordinarily in the last week.
• This week, however, the bears might retake control and push prices downwards.
• Yeti Ouro presents a unique solution to these issues with its ongoing presale price of $0.012

Dogecoin and Shiba Inu are two of the largest memecoins on the market in terms of market cap. Over the last week, they have both led the rest of the memecoin market upwards in what turned out to be a successful rally.

Dogecoin alone has been up by as much as 80% on the weekly timeframe, with Shiba Inu trailing behind with as much as 50%.

– Advertisement –

This week, however, investors have made massive gains from both of these cryptocurrencies and are looking towards taking profits.  

Per data from CoinMarketCap, these cryptocurrencies are struggling at important resistance levels and could be on the way toward plummeting any minute now.

Luckily, a new memecoin, Yeti Ouro, has stepped up to the challenge. This relative newcomer is now receiving investors as they abandon two of the biggest juggernauts in the memecoin space. Should you join this train of investors? Let’s find out!

– Advertisement –

Dogecoin

According to data from CoinMarketCap, Dogecoin is still holding on to most of its gains on the daily and weekly timeframes, as illustrated.

The likelihood of profit taking is evident in the charts, as shown by the memecoin’s inability to break through $0.3.

Dogecoin exploded to the upside right after escaping the cup and handle formation shown above.

If the bulls are unable to push through the $0.3 price level, the cryptocurrency will likely reverse and retest the $0.2288 zone as it forms the handle pattern.

Investors realize this and are showing signs of migrating towards more favorable options.

Shiba Inu

Shiba Inu is also incredibly green in the daily timeframe, with an 11% price increase. It is also green in the weekly time frame, with more than a 50% price increase still locked in place.

In the charts, Shiba Inu rose above its 25 and 99-day EMAs and broke above the $0.000021683 price level on 10 November.

However, as the charts show, the cryptocurrency is struggling with breaking above the $0.00002823 resistance. If a breakout doesn’t occur at this price level, the bears will force SHIB to retest its 99-day EMA once again.

The chart outlook above means the cryptocurrency now relies on these dynamic supports for stability. 

The 25-day EMA currently sits at around $0.00001929, and the 99-day EMA sits at around $0.00001745. So, if eithee of these moving averages caves, we might see an even more severe crash on SHIB.

Yeti Ouro

Yeti Ouro has remained mostly unscathed amid the ongoing bloodbath. 

The cryptocurrency is running its presale phase and currently sells for a price of $0.012. It also offers a generous 10% discount on purchases to its earliest adopters (explaining its massive rise in presale volume).

$YETIO has only been trading for a little less than three weeks but has already raked in a quarter million dollars worth of investments.

More than 20 million tokens have been sold so far. Investors are now choosing this Ethereum-based memecoin to escape the harsh volatility of the general market.

However, the core attraction of this new memecoin is more than its stability over the rest of the market. It is even more than the millions of tokens sold already. Yeti Ouro is most attractive to investors because it offers massive utility, unlike most other memecoins.

This utility comes in the form of a new and exciting racing game called Yeti Go.

Yeti Go is under development using game frameworks like Unreal Engine 5 and FMOD. Within the game, players are tasked with reaching the finish line before other competitors.mGamers can also attempt to push other players off the racing tracks using weaponized gadgets and upgrades collected along the way.

Overall, all these factors combine to make Yeti Go uniquely poised to overtake the rest of the market soon.

Website: https://yetiouro.io/

X (Formally Twitter):  https://x.com/yetiouro

Telegram: https://t.me/yetiouroofficial

Discord https://discord.gg/YtUsEZ2ZrV