Key Insights
- Enter Yeti Ouro, the native cryptocurrency of the Yeti Go game.
- Among these are Sui and Floki—but can they hold on to these gains for long enough?
- Bitcoin is rallying, and cryptocurrencies with strong correlations are doing the same.
- The $YETIO cryptocurrency has no correlation problems compared to the other two and should be ready to explode by as much as 200% by 2025.
The crypto market is turning green, as the CoinMarketCap data indicates. Bitcoin currently trades at around $63,800. It is now showing one of the best signs of an incoming break above $65,000. If things go well, we might see a retest of the $70,000 mark in no time.
As expected, several cryptocurrencies with strong correlations to Bitcoin are mimicking its price action.
Among those cryptos are Sui, with a price increase of more than 40% in the last week, and Floki with around 13% in the same timeframe.
The question now is: Can these two hold on to their gains? If they can’t, which cryptocurrency should you capitalize on?
Sui
According to data from Coingecko and CoinMarketCap, Sui is the third largest gainer on the market, after heavyweights like Aptos and Bittensor.
This makes it a forerunner among the top-100 altcoins on the market over the weekly timeframe.
While Sui’s current performance is impressive, it has one problem: Can it hold on to these gains it has accumulated?
Coinglass data shows that the cryptocurrency’s open interest hit a high of $454 million this week on 23 September.
The downside of this, however, is that it is starting to show signs of a small decline, currently at $418 million. In essence, if bulls cannot push further, the SUI price might enter a correction phase.
Floki
The price action of the FLOKI token has also been impressive over the daily and weekly timeframe. It was the fifth largest memecoin by market cap at press time.
The cryptocurrency is up by an impressive 13% over the last week. Besides, it is doing well, with nearly 3% in gains over the 24 hours before writing.
All of this combined, also shows that Floki has a strong correlation to Bitcoin. However, the same is true for the memecoin: How much further can it hold in these gains.
To start with, Data from Messari shows that Floki and the rest of the memecoin market are red on the monthly time frame, despite impressive weekly price movement.
The only exceptions among the top 10 are Neiro and Popcat. It shows the bullishness across the sector might be superficial at best.
The 30-day chart data from CoinMarketCap also shows that while the memecoins across the market might be showing different price action, they are all closely related.
Therefore, if one goes down, the rest will likely follow.
Yeti Ouro ($YETIO)
Yeti Ouro is unbothered by any of the market’s issues and has no correlation to any other cryptocurrencies. It remains stable regardless of how far the markets crash, at a current presale price of $0.012.
But why is $YETIO so special? To start with, the cryptocurrency is the native token of the upcoming Yeti Go Play to Earn game.
The game is from the racing niche. It was built using Unreal Engine and FMOD and promises to be an exciting experience for players regardless of skill level. Players have to race against one another in a battle for the finish line.
They also have to collect upgrades and weaponized gadgets along the way, while attempting to push other players off the tracks.
$YETIO, being connected to this rapidly expanding ecosystem, is also selling fast and even offers a 10% discount for early buyers. The coin has a supply of 1 billion tokens and should sell out soon at this rate.
Overall, considering the current rate of growth across the market, $YETIO should be ready to jump to at least twice its original value by 2025. So, hop on this train before it leaves the station, and get some $YETIO!
Website: www.yetiouro.io
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