The race to $1 for memecoins was in top gear in 2024, with some like Dogecoin edging close but failing to hit the mark. This rally is expected to kick on this year, with BONK as one of the contenders as its holders strive to keep erasing more zeroes from its price. However, new Ethereum-based altcoin Yeti Ouro (YETIO) has been predicted to pip BONK to this landmark price, and investors are gradually increasing their YETIO holdings in their portfolios as they await its mega rally.
Is This BONK’s Year?
BONK was among the top memecoins that rallied in last year’s bull rally, hitting a new all-time high at $0.0000579 in late November. However, it’s been downhill since then and the memecoin has dipped for three consecutive months, trading 70% below its ATH at the start of the week.
While BONK holders are still holding out for $1 as a viable long-term target, analysts say the immediate goal for the memecoin is to erase a few more zeroes. Starting this week at $0.000017, BONK would need to rally nearly 6,000X to hit $1. However, it can still yield massive profits just by erasing a few more zeroes.
The short-term target looks gleam for BONK, according to most analysts. One analyst, CW, pointed out this week that the memecoin has been trapped in a bearish descending pattern since hitting its ATH in November, and every attempt to break out has been rebuffed. Since the start of February, the downward trend has slightly slowed down, however.
(Source: CW).
Another analyst pointed out that such a high number of price rejections for any asset “is not inspiring” and predicted that while it may reverse the downtrend, BONK will “grossly underperform versus other coins.”
However, as analyst Ridlr noted, the crypto market started out with lacklustre price movements in the first six weeks of 2024 as well, with some like BONK dipping nearly 80%. In the latter part of February, the momentum changed and the market recorded its most bullish year yet.
(Source: Ridlr)
Yeti Ouro To Hit $1 First
With BONK unlikely to surge 6000X in just one year to hit $1, analysts have identified Yeti Ouro as the best project to bank on to hit this milestone first. The new Ethereum-based project is blasting through its presale, and with its solid tokenomics and a rapidly advancing Web3 gaming ecosystem, it’s justifying the increasing bold predictions of a record-setting price run in 2025.
Yeti Ouro is in its third presale stage, completing its second stage over the weekend as investors rushed to purchase the tokens before the price increased. In the first two presale stages, the project sold nearly 200 million tokens.Early investors have already enjoyed a 100% ROI, with YETIO tokens debuting in the third stage at $0.024.
For Yeti Ouro, utility is at the forefront. With its Play-to-Earn Yeti Go game, the project offers YETIO holders perpetual utility as the token can be used to pay the race entry fees, stake to unlock in-game rewards, purchase upgrades and weapons and more. Developed with the help of the studio behind games such as Call of Duty, The Witcher, Dead Space, and Spider-Man, this high-octane racing experience features destructible tracks and adaptive AI opponents. The audio design is being expertly crafted by industry professionals with Grammy-nominated experience, having worked on projects for Major Lazer, Vybz Kartel, and Kabaka Pyramid.
This utility forms the basis of YETIO’s predicted rally, with analysts pointing out that investors are much more discerning and will only invest in a product with long-term staying power.
YETIO’s rally also relies on its solid tokenomics. The project’s supply cap is limited to one billion tokens, with 50% going to investors in the presale while 5% is allocated to the token burning mechanism, further reducing the supply and boosting the price prospects of YETIO.
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