Shiba Inu Burn Rate Exceeds 6000%, Analysts Predict A SHIB Bull Run On The Horizon, Whales Also Investing Heavily Into Solana And New Trendi...

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Shiba Inu continues to be one of the best memecoins to invest in, and with its burn rate surging 6,000%, it’s attracting even more investors in the ongoing bull market. Solana , which hit a new all-time high in the past week, also remains a popular pick, while Yeti Ouro, a utility memecoin project deployed on Ethereum , tops the charts for the best new project to invest in.

Shiba Inu And Solana Star In Bull Rally

Shiba Inu remains one of the top picks in the memecoin market for investors and, with a 38% rise in November, remains only behind Dogecoin among memecoins for market cap with $14.8 billion. One of its appeals is its burn rate, which makes the project deflationary and supports the bullish patterns. This burn rate has gone up 6,000%, making it an ideal time to invest in the memecoin.

Beyond the burning, Shiba Inu has been working towards offering utility, and its Shibarium Layer 2 network is central to this new identity. With Shibarium, Shiba Inu can shake off the tag of “just a memecoin” and offer solutions across DeFi, DEXes, NFTs and more. As data from Shibarium Scan shows, interest in the network has steadily increased, as reflected by the growth in daily unique active addresses and new addresses over the past year. The network now boasts over 1.9 million wallet addresses, which conduct nearly five million transactions daily.

Solana also remains one of the top projects that investors are eyeing in the ongoing bull cycle. SOL set a new ATH of $263 last week, and analysts say it’s not done yet. One analyst notes that Solana has been trading in a four-based parabolic curve pattern and that it’s only in the second phase. The third phase will push it above $1,000, while the next will take it past $6,000.

Additionally, Solana’s ecosystem has been thriving in the past year. Its memecoins have been setting the pace, from Dogwifhat and Bonk to POPCAT and Peanut the Squirrel. POPCAT, in particular, has gained 18,000% this year, making it the biggest gainer among the top 1,000 coins this year. Solana’s DeFi has also thrived, and in November, its dApps have been outpacing Ethereum for revenue, showing a flip may be on the cards in the near future.

Whales Turn To New Viral Memecoin

With the bullish momentum of most major coins waning, crypto whales are turning to Yeti Ouro, a new project that combines the fun nature of memecoins with the utility of play-to-earn gaming.

Yeti Ouro’s P2E game, Yeti Go, allows players to compete in a thrilling race where the goal is to outwit opponents while dodging hazards along the way. The winner is rewarded with YETIO tokens. Players also pay to enter races, purchase weaponry and other customizations and trade in-game items on the marketplace in YETIO, giving the token utility, which most memecoins lack.

Yeti Ouro also has a capped supply of a billion tokens and a token-burning mechanism, giving it an edge over memecoins, whose supply is in the trillions. The Yeti Ouro team recently released a video that showcased the team’s journey in building Yeti Go, which has revitalized investor interest.

Shiba Inu’s token burning has surged, increasing its appeal to investors. Meanwhile, Solana is breaking records every other week. However, investing in Yeti Ouro during its presale remains the most lucrative opportunity in the crypto market.

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