Key Insights
- Shiba Inu And Solana market’s outlook is improving so far, with greens all over.
- Amid the greens, however, Solana and Shiba Inu appear to be struggling with low trading volumes.
- The new and promising Yeti Ouro comes with a $0.012 presale price, a 10% discount, and massive real-world use cases.
The crypto market’s price action has been pretty impressive, according to data from CoinMarketCap.
We now have Bitcoin ready to hit a new all-time high if the bulls play their cards right.
The crypto heatmap from Coin360 shows that the market has turned mostly green. So far, many L1s are trading at impressive price increases over the last 24 hours. However, amid all the greens, several L1s have failed to truly reflect the market’s ongoing level of health.
These include Shiba Inu and Solana, which are green but continue to lag behind the rest of the market.
Here’s how Yeti Ouro, a newcomer, is taking control of things and filling up the gaps left by these two.
Solana
According to data from CoinMarketCap, Solana is up by around 3% over the 24 hours before writing.
It has also registered an impressive 11.3% increase in price over the last week as illustrated:
However, what is interesting about Solana’s current price behavior is that it has had relatively low trading volume for a while now.
Santiment data shows that $SOL’s volumes peaked at a high of $14.11 billion on 5 August. This value now sits at a lot less than 3 billion according to the charts.
This chart shows Solana’s trading volume (yellow area) against its price (red line). It also shows a crash in the former, as well as a refusal to get back up.
This means that while Solana has been seeing positive price action, investors haven’t been as interested as usual.
Shiba Inu
Shiba Inu’s performance is similar to that of Solana. The memecoin has also been up by around 3% over the last 24 hours and by around 12% in the weekly timeframe.
This reflects the overall greens across the market and paints an overall bullish picture for the second largest memecoin on the market.
However, the interesting thing is that SHIB and SOL have the exact same pattern on their volatility charts.
The chart above shows the correlation between Shiba Inu’s price (blue line) and its volumes (red area).
Like Solana, Shiba Inu’s trading volume peaked on 5 August at $10.3 billion. Soon after this, however, it declined to a current low of $169 million, as shown.
This indicates that while the price has moved to the upside so far, we are looking at a possible lack of interest from investors. This is where Yeti Ouro comes in.
Yeti Ouro ($YETIO)
Yeti Ouro is currently unaffected by the ongoing ups and downs across the market, with its current trading price of around $0.012.
The great part about this cryptocurrency is that it is deployed on the Ethereum network and is currently in its presale phase. This means that investors who get in now, will be at their earliest—but it gets even better.
The presale phase offers a 10% discount for all purchases, which makes $YETIO a major cryptocurrency to bank on for the long term.
Its 1 billion token supply ensures it remains a scarce crypto asset. Moreover, it is currently serving on a first-come, first-serve basis.
The best part about Yeti Ouro is that it isn’t just a mere token with no utility.
Instead, it comes with a ton of real world use cases, and is the native cryptocurrency of the Yeti Go game, which is currently in development. In particular, Yeti Go is a Play to Earn racing game built using Unreal Engine and FMOD.
Within the game, Players have to compete with others in a race to the finish line. They also have to collect upgrades along the tracks and attempt to destroy competitor vehicles by pushing them off the tracks.
This makes Yeti Go strongly immersive and can be enjoyed by any class of players, from newbies to hardcore gamers. This blend of utility and crypto value make Yeti Go a major offering.
It is especially true in a market where cryptocurrencies rally with low trading volumes, only to crash again when the whales take their profit. So grab some $YETIO right now and claim your 10% discount before the rush becomes crazy!
Website: www.yetiouro.io
X (Formally Twitter): https://x.com/yetiouro
Telegram: https://t.me/+z9l096Cx4lhmYzM8
Discord https://discord.gg/YtUsEZ2ZrV
