Yeti Ouro Looks Like A Winner In the Memecoin Race Between Brett And Bonk

Key Insights

• Brett and Bonk were two of the best performers from last week’s memecoin rally.
• Both of these memecoins are struggling this week, with ongoing price declines.
• Investors are jumping ship on these two and are rushing towards Yeti Ouro.
• As a result, the trading volume of $YETIO has skyrocketed in a mere two weeks, with millions of tokens sold.

The memecoin market was on a bullish roll over the last week.  However, this week, most of the market’s offerings are still green in the weekly timeframe but have turned red daily.

Brett and Bonk, two of the best performers from last week, have been hit extra hard, as shown, with double-digit losses in the last 24 hours.

Here’s why Yeti Ouro, a new performer in the space, is set to overtake these two heavyweights.

Bonk

Bonk, after leading the rest of the market last week, is now red. The memecoin had more than a 40% price increase on its weekly timeframe, after hitting a high of $0.00002601 on 1 October.

Bonk has now crashed by a brutal 13% on the daily timeframe, as illustrated by the snapshot above. It indicates that the cryptocurrency’s bulls are massively taking profits and dumping their holdings. Essentially, the memecoin is losing momentum, with investors jumping ship and looking for stronger investments as the market cools.

Brett

While Bonk managed to hold on to some green on its weekly timeframe, Brett is red on both.

The daily timeframe shows that the cryptocurrency is down by as much as 11.7% in the 24 hours before writing.

On the weekly timeframe, CoinMarketCap data shows that the decline started from as far back as 27 September.

This decline also started at the psychological resistance around $0.1. This is more than a major indicator that investors indeed took profits.

The cryptocurrency is down by 4% on the weekly timeframe, with no indication of a slowdown.

Yeti Ouro

Considering the decline in the general memecoin market and the rapid rise in Yeti Ouro buys, investors are flocking towards $YETIO.

This new ethereum-based memecoin is in its presale phase and currently sells for as low as $0.012 per token. Interestingly, within a mere three weeks of trading, more than 20 million $YETIO tokens have been sold so far. Investors are capitalizing on the 10% discount offered by the project to early adopters.

By sheer collective effort, investors have raised a highly impressive quarter million dollars in presale volume for the cryptocurrency. But this widespread investor interest isn’t coming from nowhere.

$YETIO has major real-world utility that sets it apart as a one of a kind addition to the memecoin space. It is the native cryptocurrency of the soon to launch racing game called Yeti Go.

Yeti Go is currently in development and will hit the market soon. The core gameplay revolves around attempting to be the first to reach the finish line within races.

Players also have to dodge obstacles and collect upgrades/weaponized gadgets along the way, as they outwit other players and attempt to push them off the tracks. This exciting, high-octane gameplay has been one of the major driving forces of $YETIO’s rally so far.

On launch this memecoin will overtake the rest of the market and beat the likes of Bonk and Brett effortlessly.

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