As Dogecoin Struggles for Utility, Yeti Ouro’s Deflationary Presale Gains Investor Momentum

As DOGE DOGE $0.16 24h volatility: 3.3% Market cap: $23.80 B Vol. 24h: $953.93 M finds it difficult to hold its value, courtesy of the recent Bybit hack and LIBRA’s failure to take the entire meme crypto market to the red zone, investors are rethinking their bets on meme coins. Meanwhile, a new meme-utility project, Yeti Ouro (YETIO), is already taking the entire crypto-gaming industry with its unique features, upcoming game, and community approach system.

DOGE Struggling to Hold Its Value

Though DOGE’s overall supply has increased by 2.1%, leading to 148.17 Billion tokens, the net growth of holders is showing continuous fluctuations, with the current number being around 7.06 million, showing investors doubt the potential of the meme coin.

The latest Bybit hack, which is currently being linked to Lazarus Group of North Korea, has affected the entire crypto market, especially the meme crypto market. As DOGE and other meme coins depend majorly on hype and news, the Bybit hack has negatively affected it, resulting in Dogecoin price experiencing a fall of 7.65% in the past 24 hours.

On top of that, LIBRA, the meme coin promoted by Javier Milei, the President of Argentina, experienced a massive crash due to insider cashing and the development team withdrawing amounts from liquidity pools. This LIBRA breach has brought new doubts amongst investors, leading to the belief that if meme coins promoted by famous figures are not secure, then maybe the entire meme crypto industry is the same.

Standing at $0.22199, DOGE is showing massive bearish signals, with the price being closer to the lower Bollinger band, indicating a potential oversold condition. Additionally, the MACD line is way below the signal line, showing the bearish momentum of DOGE, whereas the RSI stands at 39.21, which is a clear bearish sign.

YETIO Creating Storm with Its Presale

While DOGE is suffering at the hands of LIBRA failure, the new meme-utility project, Yeti Ouro is reigniting trust amongst investors. Combining the fun of meme and real-world usage of the crypto industry, YETIO brings the best of both worlds, thus making it one of the most anticipated launch of the year.

Besides, the upcoming game from the project, Yeti Go, is setting up a massive platform for proper YETIO utilization. Here, users won’t only get the chance to earn more YETIO tokens by winning elimination-nature games, but also trade them for collectibles, and much more. With Yeti Go being developed, it brings a chance for early adopters to get the chance to access the game through the beta testing phase.

Moreover, the core team has partnered with developers known for being behind games like The Witcher, Call of Duty, Dead Space and Spiderman. Producers, who have collaborated with Grammy-nominated artists like Major Lazer, Vybz Kartel, and Kabaka Pyramid, enhance the audio experience with top-tier sound combining Spatial Audio and Dolby Atmos, ensuring the game to have high-level sound experience as well. The latest trailer of Yeti Go is already causing chaos in the gaming industry.

This is a development teaser of an unreleased demo level:

Moreover, the project also encourages community-building by incentivizing stakeholders who take part in YETIO yield farming. This not only increases long-term engagement in the platform but also provides high APYs for the user: a win-win for all.

YETIO is currently in the third stage of its presale phase and is valued at $0.024, a 50% rise from its initial valuation of $0.012, providing a 100% return for early investors. YETIO still provides a 10% bonus on all purchases and an extra 5% on purchases worth $500 or more.

One of the major reasons behind YETIO’s successful closure of initial presale stages was its transparency and security. Since the project is built on Ethereum, it ensures scalability and security to users. To top it off, YETIO has been audited by SOLIDProof, adding an extra layer of security.

Final Words

With DOGE finding it difficult to maintain its position in the market, YETIO continues to proceed with its presale phase at a standard pace, attracting investors with its features. However, it is still advisable to have a deeper analysis on the projects before making any kind of decision.

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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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