Shiba Inu News: SHIB Burns Skyrocket 1800%, Cardano Aims For $1 As Price Surges 60%, While Yeti Ouro Tops Presale Charts

In the ongoing bull market, memecoins have provided the best opportunities, and to keep its momentum going, Shiba Inu is raising its burning rate to reduce the supply and boost the price even further. Cardano’s ADA has also capitalized on the positive market movements to gain 55% in a week as it aims for $1. Meanwhile, new utility memecoin project Yeti Ouro is receiving wide investor interest, topping the presale charts.

Shiba Inu (SHIB) Burns Surge, Cardano (ADA) Aims For $1

Shiba Inu launched with a massive supply of 1 quadrillion tokens. However, it has been working on reducing this supply to boost its chances for a price rise, and token burns (where tokens are sent to dead addresses), has been one of the key strategies. This supply is now down to 589 trillion SHIB tokens and has been reducing every day.

This month, there has been 3.46 burns on average daily, 111% higher than last month, according to data from Shib Burn Tracker. The highest burn day was on November 5, the day of the US elections, when over 53 million SHIB tokens were taken out of circulation permanently. 

Meanwhile, Shiba Inu’s price has been on an uptrend, hitting its highest price since April at $0.00002783 on Tuesday this week. While it has dipped slightly since, its market cap still remains above $15 billion, sitting just outside the top ten cryptos by market size.

Cardano (ADA), on the other hand, has been on a sharp rise since November 5, hitting a six-month high of $0.6447 earlier this week. It has since retracted slightly to trade at $0.575 for a $20.3 billion market cap. In the past week alone, it has gained over 55% as its redemption journey continues.

Analysts believe that ADA still has a long way to go in this bull market, and that it will surpass the $1 mark and beyond. With Charles Hoskinson reportedly working with the Trump administration on crypto policy, and Robinhood relisting ADA, Cardano’s lackluster market action could be well behind it.

Smart Money Moves To Yeti Ouro

Yeti Ouro has emerged as one of the frontrunners to be the next memecoin to explode and, in due time, a formidable Dogecoin rival.

Yeti Ouro is a memecoin project built on the secure Ethereum blockchain that promises the fun of memecoins and the rewards of play-to-earn gaming through its thrilling racing game, Yeti Go. 

Yeti Go is an immersive game, built on the Unreal Engine, that tests the players’ gaming acumen, quick reflexes and their strategies. Players compete against each other in races, where to win, they must fight off the competition and push them off-track while also dodging the obstacles and hazards. 

Yeti Go is powered by YETIO, the native token, which users pay with to join the races. The players also receive their rewards in YETIO and can purchase power-ups, customizations and other tools with the token. YETIO holders can also stake the tokens to unlock exclusive rewards and premium content.

Conclusion

Cardano’s path to $1 and beyond looks set as ADA records one of its sharpest 7-day surges. Shiba Inu is capitalizing on its burns to decrease its supply and boost the value of its SHIB token.

Meanwhile, Yeti Ouro is breaking presale records with its YETIO token, which investors get to purchase at highly discounted prices. With 5% of the one billion maximum token supply earmarked for the burning mechanism, and the utility of the token in the Yeti Go game, Yeti Ouro could be the next memecoin to explode.

Join the Yeti Ouro Community

Website: https://yetiouro.io/

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Telegram: https://t.me/yetiouroofficial

Discord: https://discord.gg/YtUsEZ2ZrV

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