Key Insights
- The memecoin market is rapidly expanding, with Shiba Inu leading the charge.
- However, investors are looking to diversify and are opting for other alternatives like Cardano and Yeti Ouro.
- Investors have a chance to be part of the growing Yeti Ouro community by capitalizing on its pre-launch phase.
The crypto market is known for its volatility and how quickly cryptos rise and fall.
Recently, memecoins have been making the rounds across the market, with heavyweights like Shiba Inu leading the charge.
However, investors are looking to diversify their portfolios and are turning to promising new projects like Yeti Ouro (YETIO) and established ones like Cardano.
Let’s take a look at why these tokens are gaining traction and what makes them so attractive to SHIB investors.
What’s Up With Shiba Inu?
SHIB has been a standout memecoin; it has been the second most dominant cryptocurrency in this class since its launch.
Despite its origins as a memecoin, Shiba Inu has demonstrated massive growth, especially with its strong community and how it continues to evolve.
So far, the Shiba Inu ecosystem has had a Layer2 network, decentralized exchanges, NFT marketplaces and a lot more already built on top of its infrastructure in an apparent display of growth.
According to data from TradingView, Shiba Inu is up by more than 80% on a year-to-date basis, which is highly impressive. But is this enough?
Shiba Inu token metrics
Source: IntoTheBlock
Data from IntoTheBlock shows that 53% of SHIB holders are currently running at losses, compared to 44% who are in gains. Further data even shows declines in average investor balance, as well as average transaction size.
This shows that a certain percentage of investors might be losing confidence and are now looking for an easy way out.
Pivoting Towards Cardano
Cardano is a well-established cryptocurrency that is known for its focus on scalability, sustainability and interoperability.
Cardano, as one of the top cryptocurrencies by market cap, has consistently proven to be reliable as an investment, with its core infrastructure making it a top choice among investors.
Data from IntoTheBlock shows that Cardano is weakly correlated with Bitcoin and Ethereum. This means that it is less likely to dip when BTC and ETH do.
Slower declines in metrics
Source: IntoTheBlock
Furthermore, data shows that Cardano’s average transaction size and investor balance have declined a lot less, relative to rest of the crypto market.
Yeti Ouro ($YETIO)
$YETIO is another major cryptocurrency that investors are betting massively on.
It is a memecoin and was built on the Ethereum blockchain, with a mission to combine web3 and gaming into the ultimate Game-fi experience for players.
The cryptocurrency is the backbone of the upcoming Yeti Go game, that is set to overtake the rest of the blockchain gaming space on launch.
In particular, this immersive game-fi experience was built using Unreal Engine and FMOD, and is set to reward players with a Play-to-Earn (P2E) experience.
These P2E mechanics allow gamers to enjoy the perks of being part of an expanding crypto community, and to access other in-game benefits like real rewards, access to exclusive content and high-octane gaming—all while using $YETIO tokens.
Within the game, players compete against each other with the goal of outwitting and destroying other player vehicles by pushing them off the tracks.
Players can also collect upgrades and power ups along the way, in a bid to gain the upper hand.
Overall, the game promises to deliver an action-packed experience and $YETIO is set to benefit directly from all this with massive real-world utility fueling its price growth.
Yeti Ouro is designed to be deflationary and has a hard cap of 1 billion tokens, with 5% each going to its burn address, liquidity pools, marketing, team and advisors.
A generous 15% is set for rewards and the P2E aspect of Yeti Go, as well as a massive 50% going to its pre sale phase!
Remember that $YETIO has a current price of $0.012 with a 10% bonus for early adopters.
What are you waiting for!? Join the moving train and get in on Yeti Ouro before it leaves the station!
Join the Yeti Ouro Community:
Website: www.yetiouro.io
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