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It’s been a mixed year for Dogwifhat (WIF). The popular meme coin started the year trading around $0.15 before a March rally that took it to an all-time high of $4.81. It soon dipped and was unable to get back to those heights, but its rally in the past week is making investors confident that it can set a new high before the year ends. Meanwhile, investors are now fleeing to Yeti Ouro and BlockDAG as they pursue the next 100X meme coins.
WIF has been one of this year’s stellar performers. The meme coin has gained over 1,900% since the year started despite a drastic dip in August and September. The token recovered slightly in October before the US election handed it a boost; it has gained 55% since Donald Trump recovered the seat he lost four years ago to Joe Biden.
This resurgence has given many analysts confidence that the meme coin could hit new levels as the year winds up. One expects the meme coin to hit $4 by the start of next month, citing technical indicators.
WIF managed to flip a critical resistance that had been established at $2.97 on Monday, which was its 50% Fibonacci Retracement Level. This breakout was vital as it nullified the double-top pattern that was limiting its bullish thesis, whose neckline had been at $1.88.
BlockDAG has emerged as a worthy contender for the title of the hottest crypto project launch this year. The proof-of-work Layer 1 network smashed past the $100 million milestone in its presale as investors gravitate towards its vision of an environmentally sustainable blockchain.
BlockDAG has merged several technologies to offer cutting-edge security, speed and decentralization. This includes leveraging Directed Acyclic Graph (DAG) technology for enhanced speed and scaling. Despite being a PoW blockchain, it can still process thousands of transactions per second, unlike Bitcoin.
Ethereum has the world’s largest decentralized ecosystem and giving users access to it is a key factor for growth. BlockDAG comes with EVM compatibility, giving its users seamless interoperability with the Ethereum dApp ecosystem.
For investors seeking the next 100X opportunity, the best investment is Yeti Ouro, the new meme coin that’s causing a buzz in the sector.
Yeti Ouro is an Ethereum-based meme coin built around the new exciting play-to-earn game—Yeti Go. Built on the Unreal Engine, the game offers a fully immersive experience, requiring all the gaming acumen, skills and strategy from its players. The players compete against others in races where they must balance between fending off attacks from their rivals, counterattacking and pushing opponents off the tracks and dodging all the hazards along the way.
Yeti Go is unique from most games in the market as it rewards its players in a play-to-earn (P2E) format using the YETIO token. Players earn the tokens by winning races, completing various challenges and participating in some special events. Built by players for players, Yeti Go promises fun, adventure and an all-around rewarding experience.
The Yeti Go ecosystem is built around the YETIO token. Players pay to join races with the token, and if they win, they are rewarded with more tokens. They also make in-game purchases for customisations, power-ups and skins with the token. The players further have a marketplace for their items where they make payments in YETIO. All these use cases give YETIO the utility that most memecoins lack.
The YETIO presale is ongoing, with 500 million tokens on sale for the bargain price of $0.012. Investors have already snapped up over 21.7 million tokens.
Investors seeking modest gains are betting on Dogwifhat, which analysts believe will shoot above $6 before the end of the year. However, those seeking a 100X opportunity are placing their money on Yeti Ouro, whose P2E ecosystem and token utility make it a much better investment than existing hype-based memecoins.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
