Key Insights
- The memecoin market is making a comeback after starting the week on a bullish note.
- Dogecoin and DogWifHat are leading the charge with bullish gains on their daily charts.
- Yeti Ouro (YETIO) is also enjoying this momentum and is powering through the first phase of its presale.
The memecoin market is waking up again, bit by bit, likely because of the post-US election rally. Several cryptocurrencies on the market have turned heavily green on the daily and weekly timeframes.
Cryptocurrencies like Dogecoin and WIF, in particular, are showing signs of strong bullish action—especially among the memecoins. In fact, the CoinMarketCap data shows that these two are currently leading the rest of the market in terms of volume and market cap.
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Let’s go over how these two have been performing. We will also go over why Yeti Ouro, a new contender in the memecoin space, is mirroring the performance of these two heavyweights. So, let’s jump right in.
Dogecoin
While the rest of the market is nursing mild gains, the memecoin king is registering an impressive 81% increase in the last 24 hours.
The CoinMarketCap data also shows that the cryptocurrency has registered a staggering $26.8 billion worth of trading volume. It makes Dogecoin a lot more impressive than most cryptocurrencies among the top 100.
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According to charts from TradingView, the bulls are attempting to push for a close above the $0.4 price resistance.
This speaks volumes about Dogecoin in terms of strength. The cryptocurrency also aims to stay above its 25-day and 99-day moving averages, which it has been holding itself above since 14 October.
Keep in mind that the 25-day EMA sits at $0.17955, and the 99-day EMA sits at $0.13761.
DogWifHat
This memecoin, like Dogecoin, is also green in the daily and weekly timeframes.
Even though Dogecoin is beating it in terms of daily price action, WIF is up on the daily with more than a 14.6% price increase in the last 24 hours.
Its current volume is also as healthy as Dogecoin’s, with more than $1.5 billion worth of volume processed in the last 24 hours.
DogWifHat’s price performance is showing signs of great health, especially because of the bullish crossover between the 25 and 99-day EMAs on 3 October.
This price action is known as a golden crossover and happens when a smaller-term moving average crosses over a longer one.
In essence, it could mean WIF’s bullishness might have some leftover fuel, with a possible price target of $3.5 or higher. If the bulls play their cards right, WIF will be ready to join Dogecoin in leading the next rally straight toward its previous $5 all-time high.
Yeti Ouro
Yeti Ouro ($YETIO) hasn’t yet launched on the meme coin market but is already dominating the scenes. This new Ethereum-based memecoin is currently in its presale phase and is emerging as the center of attraction.
It has only spent around 3 weeks in its presale phase and has already sold upwards of 20 million tokens. It has also raised more than a quarter million dollars in presale volume as investors rush to capitalize on its current price of $0.012.
Investors are also scrambling to take advantage of the generous 10% discount it offers to its early adopters. But, Yeti Ouro isn’t just another memecoin. It is backed by loads of real-world utility, especially with its position as the native cryptocurrency of the upcoming Yeti Go game.
Yeti Go, in this case, is an upcoming P2E game that is built on the Unreal Engine framework. It offers a high-octane, player-versus-player experience that pits players against each other in fast-paced races.
During gameplay, participants must knock opponents off platforms and dodge obstacles. They can also use weapons to strategically gain the upper hand and hit the finish line first.
With this being said, Yeti Ouro and Yeti Go promise an adrenaline-pumping experience and a wave of profit, fun, and massive bullishness for everyone.
Website: https://yetiouro.io/
X (Formally Twitter): https://x.com/yetiouro
Telegram: https://t.me/yetiouroofficial
Discord: https://discord.gg/YtUsEZ2ZrV
