Solana has been one of the big gainers of the ongoing bull market, with SOL surging past $200 for the first time since the March rally. Its thriving ecosystem has been one of its biggest strengths, especially its memecoins like Dogwifhat, which have led the market this year. However, Yeti Ouro is putting Ethereum-based memecoins back on the map as it looks set to be the next Dogecoin rival.
Solana, Dogwifhat Soar
When Sam Bankman-Fried’s FTX exchange collapsed back in November 2022, it dragged down all projects linked to SBF and his companies. Solana was among them, and when SOL hit $11 in the weeks following the FTX implosion, it looked like it was doomed to fail.
However, its redemption story has been spectacular. Since then, it has gained an incredible 1,800% to re-establish itself as one of the crypto market’s top projects. At $103 billion, it’s the world’s fourth-largest crypto, and it continues to scale new heights with each bull cycle.
One of Solana’s biggest strengths has been its ecosystem, which now boasts of having some of the best performing projects in crypto. Its memecoins have especially been impressive since the start of last year, none more so than Dogwifhat (WIF).
In the past week, WIF has gained over 55%, pushing its market cap to over $4.2 billion and cementing its position among the top 30 coins. Since the year started, it has gained an incredible 111,000%. This has also established it as the fourth-largest memecoin in the market after Dogecoin, Shiba Inu and Pepe. With over $2 billion traded daily, it ranks above more seasoned projects like Litecoin, Avalanche and TRON.
Savvy Investors Turn To Yeti Ouro
As the bull market rages on, investors are exploring the next memecoins with untamed potential, and Yeti Ouro is among the ones attracting the most interest.
In its ongoing presale, Yeti Ouro has sold over 22% of its YETIO tokens to investors who are betting on the project becoming the next Dogecoin rival.
Yeti Ouro’s biggest offering is Yeto Go, a play-to-earn racing game where players compete against each other in a thrilling course. To outwit opponents and gain an advantage, players can run rivals off the course or attack them with weapons they can purchase and upgrade from the in-app store.
YETIO powers the Yeti Go ecosystem. Players pay to join the races, receive their rewards if they win, and pay for customizations and power-ups all in YETIO. They also trade their in-game items on the players’ marketplace in YETIO. This guarantees that the token will always have utility, which most memecoins lack.
Yeti Ouro is in its presale stage and investors have already purchased 22% of the tokens as they believe it could be the next Dogecoin and Shiba Inu rival.
Conclusion
Solana has been on a wild run since its catastrophic dip in 2022, and as its ecosystem continues to grow with new tokens, dApps, memecoins, NFTs and DeFi platforms, its token, SOL, will be the biggest beneficiary.
However, investors seeking a 100X opportunity are exploring YETIO from Yeti Ouro, the utility memecoin whose Yeti Go racing game provides the thrill of gaming and the rewards of play-to-earn.
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