The Memecoin Market Is Waking Up, Led by Dogecoin and WIF

The memecoin market is waking up again, bit by bit, likely because of the post-US election rally. Several cryptocurrencies on the market have turned

Key Takeaways

The memecoin market is seeing signs of recovery.

Dogecoin and DogWifHat are leading the market in terms of volume and market cap.

A new memecoin, Yeti Ouro, is also performing well in its presale phase.

The memecoin market is slowly waking up again, bit by bit, and several cryptocurrencies on the market have turned heavily green on the daily and weekly timeframes.

This occurrence is likely a result of the post-US election rally, which saw several cryptocurrencies making gains. Some cryptocurrencies, like Dogecoin and WIF, are up by double digits.

Dogecoin, in particular, is leading the market with an 81% increase in the last 24 hours. It’s followed closely by WIF, which is up by 14.6%.

Both cryptocurrencies are also leading the market in terms of volume, with Dogecoin clocking in at $26.8 billion and WIF clocking in at $1.5 billion.

Dogecoin is also showing strength by attempting to close above the $0.4 price resistance and staying above its 25-day and 99-day moving averages.

Meanwhile, WIF is attempting to continue its rally toward the $3.5 price resistance and maintain its bullish crossover between the 25 and 99-day EMAs.

Both cryptocurrencies are also positioned to continue rallying if the bulls play their cards right. Dogecoin could lead the next rally straight toward its previous $0.4 all-time high, while WIF could rally toward its previous $5 all-time high.

However, both cryptocurrencies are also cooling off after a week of strong price action. Dogecoin is down by 1.3%, while WIF is down by 6.2%.

Despite this occurrence, both cryptocurrencies are still up by double digits for the week, with Dogecoin being up by 126.4% and WIF being up by 22.7%.

In other news, a new memecoin is also performing well in its presale phase. This memecoin is called Yeti Ouro ($YETIO), and it is the native cryptocurrency of the upcoming Yeti Go game.

Yeti Ouro is an ERC-20 token that has only spent about 3 weeks in its presale phase and has already sold over 20 million tokens.

It has also raised over a quarter million dollars in presale volume as investors rush to capitalize on its current price of $0.012.

Investors are also getting a generous 10% discount for being early adopters, but this discount will decrease as the presale progresses.

Yeti Ouro is not just another memecoin; it has loads of real-world utility. It is the native cryptocurrency of the upcoming Yeti Go game.

Yeti Go is a P2E game that is built on the Unreal Engine framework and offers a high-octane, player-versus-player experience.

In Yeti Go, players will go head-to-head in fast-paced races and attempt to knock opponents off platforms and dodge obstacles.

They can also use weapons to strategically gain the upper hand and hit the finish line first.

With this being said, Yeti Ouro and Yeti Go promise an adrenaline-pumping experience and a wave of profit, fun, and massive bullishness for everyone.

Website: https://yetiouro.io/

X (Formally Twitter): https://x.com/yetiouro

Telegram: https://t.me/yetiouroofficial

Discord: https://discord.gg/YtUsEZ2ZrV