Since hitting a three-year peak in March at $2.8 trillion, the crypto market has been caught in sideways buying and selling for many of this yr. Meme cash have been essentially the most impacted as traders search initiatives with utility and long-term prospects.
Dogecoin
Dogecoin is a so-called meme coin. It’s a peer-to-peer cryptocurrency derived from Litecoin, whose identify and design are based mostly on the web phenomenon Doge. Dogecoin was developed by Billy Markus, an IBM programmer, and Jackson Palmer, an Adobe programmer. The coin was issued on December 8, 2013. Image: Ɖ; Abbreviation: DOGE
” href=”https://blockzeit.com/glossary/dogecoin/” goal=”_blank” data-gt-translate-attributes=”[{” attribute=”” tabindex=”0″ role=”link”>Dogecoin Loses Appeal As $1 Dream Fades
Dogecoin was once the star of the crypto world. Between January and May 2021, it surged from $0.005 to $0.73, marking a 14,500% increase in its price and minting new millionaires as it launched the era of memecoins.
However, those days are firmly behind it. In the past month, it has only gained 95%, and most of this gain is down to the broader market gain from Donald Trump’s election, which pushed Bitcoin to a new record price.
Despite this latest burst (it has gained 80% in the past week alone), the prospects for Dogecoin remain rather limited. A look at data from IntoTheBlock shows that whales still account for a sizable share of the Memecoin
Memecoins are crypto tokens that were created as a joke or “meme”. Although Memecoins initially did not intend to be a serious investment, they recently have gained popularity in the investment community.
” href=”https://blockzeit.com/glossary/memecoins/” target=”_blank” data-gt-translate-attributes=”[{” attribute=”” tabindex=”0″ role=”link”>memecoin’s volume, surging over 120% in the past few days. While these whales can be instrumental in the rise of any token, they can also be detrimental if the coin falters as they tend to quickly dump, and the effect of such massive dumps can be difficult to recover from.
It’s also concerning that Dogecoin is being outperformed by some of the other major memecoins. This year, Pepe has gained over 800%, Dogwifhat is up 1,850% and Popcat has torn the charts with a 20,000% surge.
Yeti Ouro Offers The Best Alternative For Investors
As Dogecoin falters and other memecoins like Shiba Inu and Dogwifhat fail to impress, Yeti Ouro (YETIO) has positioned itself as the best alternative for investors.
This hot new utility memecoin is deployed on Ethereum, leveraging the network’s time-tested security and decentralization. It combines the excitement and vibrant nature of memecoins with the immersive and engaging spirit of gaming to create the next big thing in the crypto sector.
Through its meme coin nature, Yeti Ouro is accessible and fun for novices and seasoned pros alike. However, unlike most memecoins that rely purely on speculation and unsustainable hype, Yeti Ouro combines this fun nature with utility, making it the true Dogecoin killer.
Yeti Ouro’s primary offering is Yeti Go, a new revolutionary play-to-earn (P2E) racing game that offers a blend of thrill and adrenaline with rewards in the Yeti Ouro token.
Yeti Go isn’t just another run-of-the-mill game that will quickly be pushed aside as soon as a new shiny toy arrives. It’s an engaging adventure where players’ skills and strategy, coupled with gaming acumen and quick reflexes, are key to surviving the tracks and dominating the other players.
Yeti Ouro is at the heart of this adventure. Players make in-game purchases, pay for race entry fees, receive rewards and trade items and customisations on the player marketplace with the token. They can also stake their tokens to unlock exclusive features and rewards. This gives the token utility and sets it apart from other memecoins that rely on promotion and speculation.
For investors, YETIO offers the opportunity to get in early on the next 100X memecoin. Unlike Dogecoin, its supply is capped at one billion (1,000,000,000) tokens, and 5% is apportioned to its token burn mechanism, further boosting its value in the long term. 50% of the tokens are allocated for the presale, and already, the project has sold over 21.7 million tokens for $260,000, despite opening to the public just days ago.
Conclusion
With Dogecoin projected to dip in the coming weeks and most other major memecoins unable to sustain their hype due to a lack of utility, Yeti Ouro offers investors the best opportunity to get in early on a utility-led meme coin that’s about to explode.
Join the Yeti Ouro Community
Website: https://yetiouro.io/
X (Formally Twitter): https://x.com/yetiouro
Telegram: https://t.me/yetiouroofficial
Discord
Discord is a web-based communication tool that was intended for gamers but is now commonly used in crypto and NFT projects.
” href=”https://blockzeit.com/glossary/discord/” target=”_blank” data-gt-translate-attributes=”[{” attribute=”” tabindex=”0″ role=”link”>Discord: