The cryptocurrency market continues to show excitement around meme tokens as Pepe Coin and Bonk gain momentum, while Yeti Ouro introduces its innovative play-to-earn (P2E) game, Yeti Go. These developments reflect growing investor interest in meme coins with utility and potential for high returns.
Pepe Coin Gains Traction With Coinbase And Robinhood Listings
The Pepe Coin (PEPE) has recently experienced increased trading volume after getting listed on Coinbase and Robinhood. Coinbase, the largest cryptocurrency exchange in the United States, revealed that it would be adding PEPE to its list of supported coins on November 13. Paul Grewal, Coinbase’s Chief Legal Officer, made the announcement saying, “You have been waiting for the frog.” Well, soon you’ll get the frog.”
The listing comes after Pepe Coin had seen great improvements in its market capitalization which was recently at $9.24 billion amidst the recent cryptocurrency craze. At the time of writing, however, PEPE was going for $0.00002199, this being a 105% uptick in value within the week. However, the one-day charts revealed a 5% drop. Robinhood also started adding trading options for PEPE, as well as other cryptocurrencies including Solana (SOL) and Cardano (ADA).
Furthermore, the South Korean exchange, Upbit, added the token’s trading pairs on November 16, increasing the token’s liquidity.
Bonk Experiences Market Volatility Amid Price Breakout
Bonk (BONK) is a meme coin that operates on the Solana network, and it has recently gained a lot of attention among the trading community. The token has seen a 72% rise over the last seven days but the value of the asset dropped by 11% within 24 hours and is currently worth $0.00003854.
Nevertheless, there is a short-term bearish trend, but the long-term trend of Bonk shows that the price is still rising. The current price action of the coin recently cleared an ascending triangle pattern on the weekly chart, implying a further directional move.
In the coming days, if the trend continues, Bonk is expected to surge by 75% to trade at $0.00016 according to the analysts. This breakout comes after a period of consolidation following a rally that commenced in the latter part of 2023 and has continued to generate much attention among market participants.
Yeti Ouro Combines Meme Tokens With Gaming Through Yeti Go
Yeti Ouro (YETIO) has gained attention for its innovative approach to integrating meme tokens with gaming. The Ethereum-based token serves as the native cryptocurrency for Yeti Go, a competitive P2E racing game built using Unreal Engine.
In Yeti Go, players compete in races while navigating hazards and using weapons to outmaneuver opponents. Winners earn YETIO tokens, which can also be used to purchase power-ups and trade in-game items. With 23% of the total token supply already sold in its presale, Yeti Ouro has raised over $275,000 in early investments.
The tokenomics of Yeti Ouro include a capped supply of one billion tokens and a deflationary mechanism, where 5% of the supply is burned. This has attracted investors seeking long-term value and utility in the meme coin market.
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