Key Insights
- Investors are seeking to diversify their holdings considering the ongoing market dip.
- Memecoins like Pepe and DogWifHat, once the market’s darlings, are in the middle of massive dips.
- Traders are looking towards capitalizing on newer memecoins with better upside potential, like Yeti Ouro.
Dips are one of the biggest opportunities for smart investors to get in early on the market and rake in some cheap coins. Eventually, when the market moves up, these coins—if carefully chosen—can present a quick and easy way to capitalize on crypto dips.
This said, data from CoinMarketCap shows that the memecoin market has retraced from a $65 billion high in May of this year, to a current value of $38.64 billion—which is nearly half its previous value.
There has never been a better time to jump in on the market, and investors are shifting their investments into the latest rising star, Yeti Ouro ($YETIO).
Here’s a closer look at this new memecoin that investors are capitalizing on.
Pepe’s Long Run Within The Market
Pepe has been a long-term performer in the memecoin market and is known for its vibrant community of investors. Pepe has managed to hold its ground as the market peaked in March, before spending the rest of the year in a consolidation—a feat that is impressive on Pepe’s part, on many levels.
However, considering the ongoing bearishness across most of the market, many Pepe holders are now looking for new opportunities to improve their returns.
The ongoing decline in Pepe’s price | Source: TradingView
Data from IntoTheBlock even backs this up and shows a marked decline in the number of long term holders between March and September.
This search for the next big thing has led them to Yeti Ouro, which is a new and exciting memecoin in the space that merges the fun of memes with gaming and real world utility.
Investors Are Jumping The DogWifHat Ship
DogWifHat is a relative newcomer compared to Pepe, but has managed to pull in a massive following between late 2023 and 2024.
Thanks to its unique branding, community driven approach and cute mascot DogWifHat users have enjoyed intense bullishness and gains throughout most of the year.
DogWifHat’s decline in market | Source: CoinMarketCap
However, the recent market dip has done a number on DogWifHat and it is now down by nearly 70% from its all time high in March 2024, according to data from CoinMarketCap.
As a result, DogWifHat investors too are looking towards diversifying their portfolios. Once again, Yeti Ouro’s innovative approach to investments, as well as its potential for high returns have made it an attractive offering for these investors looking to get in early on some action.
Yeti Ouro As The Future of Meme Coins
Yeti Ouro is quickly climbing as a top performer in the memecoin space, considering how it leverages the strength of the Ethereum networks. It merges the excitement of memes with the adrenaline of gaming, to give gamers endless entertainment and investors a rich investment offering.
The token is at the heart of the Yeti Go Play-to-Earn game, which allows players to earn rewards, access exclusive content and engage in the dopamine-rush of top-notch gaming. At its core, Yeti Go leverages the power of Unreal Engine and FMOD to give gamers a fast-paced player-versus-plater racing game.
Within the game, the goal is to destroy opponents by attempting to push them off platforms mid-race. The game is filled with weaponized gadgets, power-ups and strategic obstacles to give players the best gaming experience.
Moreso, it has $YETIO has its backbone, where users can spend the cryptocurrency on upgrades, game features and collectibles.
All of this gives the cryptocurrency a ton of real-world utility, which is uncommon with regular memecoins, which rely on mere hype for their price action.
This said, as the market continues to sink further and investors seek out opportunities to buy into promising tokens at lower prices, Yeti Ouro stands as a massively lucrative opportunity for smart traders.
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