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Cryptocurrency News Articles
Pepe Coin (PEPE), Bonk (BONK), and Yeti Ouro (YETIO) Are the Most Promising Altcoins for December
Dec 20, 2024 at 08:00 pm
Crypto enthusiasts have shared the most promising altcoins for the December plays, with Pepe Coin (PEPE), Bonk (BONK), and Yeti Ouro (YETIO) in focus thanks to recent updates and trading dynamics.
Cryptocurrency enthusiasts have highlighted promising altcoins for December, with Pepe Coin (PEPE), Bonk (BONK), and Yeti Ouro (YETIO) garnering attention due to recent updates and trading dynamics.
Pepe Coin (PEPE) has once again become a topic of interest among traders, as a whale address that had been dormant for 600 days transferred 2.1 trillion PEPE tokens, valued at approximately $52 million at the time. This transaction sparked excitement among PEPE holders, as large movements of the token have often preceded significant price increases.
From a technical standpoint, PEPE is still in a bullish formation, with both a falling wedge and an inverse head-and-soulders pattern visible on the daily chart. Pepe Coin’s price is also still trading above the 50-day moving average, which has served as a key resistance level. Some analysts have noted PEPE’s sideways trading at $0.000024, with a potential breakout to $0.00003450, indicating a possible 47% increase.
Moreover, the decreasing exchange supply of PEPE and the increasing accumulation by whales are suggestive of strengthening holder confidence in the token.
Bonk (BONK) is a meme coin on the Solana blockchain that continues to attract buyers thanks to its strong community and the low transaction fees on Solana. At the moment, BONK’s price is ranging between $0.00003459 and $0.00003751, and traders are watching for a breakout through the upper bound.
There are signs of buyers’ strength, with the Relative Strength Index (RSI) moving above the midline of 50. As per the MACD, there is a possibility of a short-term bullish trend in BONK, provided that buyers can maintain the pressure, which will lead BONK to $0.00004065.
For BONK, community engagement remains the key to its success, with the token’s recent use of a burn to reduce supply and airdrop campaigns to increase its user base. Other factors that have been credited with contributing to BONK’s rise include the broader trend of Solana-based tokens rallying as Solana gains greater adoption in the blockchain space.
Yeti Ouro (YETIO), a Play-to-Earn token on Ethereum, is quickly climbing the ranks in its presale stage. Connected to the racing game Yeti Go, the token allows users to earn rewards for both gameplay and transactions.
In stage two, YETIO has sold 3,282,716 tokens, raising $55,806.165, with 3.3% of the stage completed. Tokens are currently selling for $0.017. The first stage of the token sale saw the distribution of 100,000,000 tokens, which raised $1.2 million for early investors, yielding them 40% returns.
Built using Unreal Engine 5, Yeti Go features dynamic controls, immersive environments, and advanced audio with Dolby Atmos. A partnership with a leading game asset creator ensures high-quality visuals and character designs.
Yeti Ouro has launched a meme contest with a prize pool of $2000 for 1st place, $1000 for second place and $500 for third place. To participate, create engaging Yeti-themed memes, and share on X. Make sure to tag @yetiouro and use hashtag #YetiMeme. To learn more head over to the official Yeti Ouro X channel.
With a capped supply of 1 billion tokens and a burn mechanism, analysts are projecting that YETIO could reach $3.00 by 2025. The presale is continuing to attract investors as the project progresses.
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
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