As the November bull rally commenced on November 5th, Dogecoin emerged as the best memecoin to invest in as it doubled its price in days. However, Pepe soon overtook DOGE and has maintained its price gains. Investors are also investing in Chainlink as more projects integrate its oracles and Yeti Ouro, a new utility memecoin project that analysts believe could be the next golden opportunity.
Pepe And Chainlink Attract Investors For Different Reasons
Pepe and Chainlink have emerged as two of the best investment opportunities in crypto but for completely different reasons. Pepe investors have been investing in the memecoin to capitalize on its parabolic rise in the ongoing bull market. Since the month began, Pepe has gained over 120%, bringing its total gains this year to an incredible 1,500%.
Most impressively, on November 14th, it hit a new all-time high of $0.0000251, taking its market cap to $10.45 billion. Since then, it has been caught in a consolidation pattern that analysts say could propel it to a new all-time high over the coming weeks. This performance has cemented Pepe’s position as the third-largest memecoin after Dogecoin and Shiba Inu and is now three times higher than the next highest memecoin: Bonk.
Chainlink is attracting investors who are seeking more sustained price actions. The project has become one of the most important in the entire industry with its oracles and other interoperability features. Oracles are the foundation of DeFi, as they allow decentralized applications to tap into off-chain data. Without oracles, there are no DeFi, no dApps and no DEXes, and Chainlink is the dominant provider of these important tools.
Chainlink’s oracles and other features, such as the cross-chain interoperability protocol (CCIP), have become integrated into every other major decentralized platform. Even TRON, which previously provided its network with native oracle solutions, discontinued them to integrate Chainlink’s oracles.
Chainlink’s LINK hasn’t performed as well as its peers, gaining 40% this month and a mere 15% overall this year. However, it recently broke from a descending parallel channel that it has traded in for days, indicating the potential for a bull run.
Viral Memecoin Crosses $500K In Presale
Elsewhere, Yeti Ouro, a new viral utility memecoin that has taken the market by storm, recently crossed the $528,000 mark in its ongoing presale. With its native token, YETIO, going for $0.012 in the first stage of its presale, investors have identified the opportunity to acquire the token at a steep discount before it surges past the $1 mark over the coming year.
The Yeti Ouro team recently released a new video that provides a behind-the-scenes look at the development of Yeti Go, the thrilling play-to-earn racing game. The video, which has revitalized investor interest in the memecoin, introduces the team members and shows the hard work and dedication that has gone into making the game thrilling and engaging.
https://yetiouro.io/yaya_uploads/2024/11/YETIGO_promo.mp4
Yeti Go is built using Unreal Engine, making it immersive and fun to play. Winners of each race receive a reward in YETIO tokens. They also use the token to purchase weapons, trade in-game items, and stake to unlock exclusive rewards. YETIO’s supply is capped at a billion tokens, and 5% is allocated to its token-burning mechanism.
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